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DYDX is making waves as its trading volume surges, which could lead to a 50% price increase. The platform’s popularity and robust trading activity is attracting investors and traders alike. DYDX trading volume keeps rising, reflecting the growing interest in decentralized exchanges.
DYDX currently trades at $2.08, and there was about $50 million in trading activity in the last 24 hours. Trading activity increased by around 1%, causing the price to increase by about 1%.
Over the past week, DYDX has declined by around 3%. But the price of DYDX had increased by over 7% over the last month. Moreover, the market capitalization of DYDX increased by around 1%. The market is closely tracking this promising trend and anticipating significant price growth.
dydx (DYDX) Statistics:
- Today’s Price – $2.08
- Market cap – $325.53 million
- Circulating supply – 156,256,174 DYDX
- Total supply – 1,000,000,000 DYDX
- CoinMarketCap ranking – 90
Analyzing DYDX’s Price Movement: Key Levels, Potential Breakouts, Risk Management
Take a look at DYDX’s 4-hour chart for key information. The price could face resistance around $2.13. If it breaks that point, the price might rise. But if it can’t get past it, it could drop to about $2.017, a level where it might find support.
Consider these points: Resistance levels may be at around $2.130 and $2.202, while support zones may be at around $2.017 and $1.874. If it stays above the 20-day and 30-day moving averages, it could go as high as $2.145.
DYDX’s RSI is around 40, suggesting the price could decline. The RSI and moving averages indicate a price drop. Keep an eye on the RSI-14 and the $2.017 support levels. If the price breaks the support level S1 and the RSI-14 drops below 40, it could go down to $2.017 or even more. Stop-loss orders can protect you from huge losses.
Promising Alternative to dydx (DYDX)
The SONIK Coin’s presale has raised nearly $1.3 million, leaving only two days left to reach the ambitious $2.09 million target. Investors are eagerly eyeing profits from this intriguing meme coin.
The Sonic the Hedgehog-inspired SONIK Coin wants a $100 million market cap. This project’s rapid success in the presale caught the attention of the cryptocurrency community and generated excitement.
Investing in New-Age Cryptocurrencies with Sonik Coin
The SONIK digital currency uses the Ethereum ERC20 network. The SONIK team wants to sell $2.09 million worth of coins.
The SONIK team introduced “Stake to Earn,” which has caught the attention of cryptocurrency enthusiasts. The SONIK Coin is especially stake-focused.
What are you waiting for? 💨
Hurry and join the $SONIK presale now!
👉 https://t.co/s1fTdXDQCK pic.twitter.com/VumA9Mnzd8— SONIK COIN (@Sonikcoin) September 3, 2023
Sonik Coin rewards you for more than four years. The reason for this is to be fair and plan for the future.
One of the best things about Sonik Coin is how much you can earn. Almost 19.9 billion coins are staked yearly, giving you a 120% return—currently, every new block rewards you with 9,125 tokens.
Sonik Coin: Unraveling Its Mechanics and Upcoming Ventures
Over half of the tokens have been sold in the current presale, which is 55%. Only 10% of the tokens are kept for trading, and the rest will be rewarded to those who keep them. These tokens are worth around $299 billion.
Sonik Coin aims to reach $100 million in market value to stand out from other meme coins. You can keep your tokens and earn rewards. You can also play ‘Stake to Speed.’
Sonik Coin is going through various stages, like making token memes and spreading the word. SONIK is still new, but it’s getting a lot of attention.
The team is doing a great job promoting it. More than 1,550 people follow Sonik Coin on Twitter, and more than 1,450 follow him on Telegram.
Even a well-known YouTuber who talks about crypto thinks Sonik Coin will succeed.
It could involve partnering with crypto groups and influential figures on Twitter and YouTube. Presales for SONIK can be found at sonikcoin.com.
Read More:
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