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DYDX’s Price Is at Risk of Plummeting in the Coming Week

Published 01/31/2023, 02:16 PM
Updated 01/31/2023, 02:30 PM
DYDX’s Price Is at Risk of Plummeting in the Coming Week
BTC/USD
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ETH/USD
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  • DYDX’s price has risen 1.99% over the last 24 hours according to CoinMarketCap.
  • The altcoin experienced a 125+% increase in its daily trading volume.
  • DYDX’s price is at risk of plummeting if history repeats itself.

The price of dYdX (DYDX) has risen 1.99% according to the crypto market tracking website, CoinMarketCap. At press time, the price of DYDX is trading at $2.40.

Compared to the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), DYDX has outperformed both over the last 24 hours. Currently, DYDX is up 5.33% against BTC and 5.66% against ETH.

DYDX’s price is trading between its 24-hour high and daily low. At press time, the daily high for DYDX stands at $2.66, while the 24-hour low for the altcoin sits at $2.20.

DYDX’s 24-hour gain can be attributed to the spike in trading volume over the last 24 hours. At press time, the total trading volume for DYDX stands at $297,643,855, which is a 127.08% increase compared to yesterday’s daily trading volume.

The post DYDX’s Price Is at Risk of Plummeting in the Coming Week appeared first on Coin Edition.

See original on CoinEdition

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