$DYDX has been one of the top picks for whales, according to on-chain data; however, it is already entering a reversal stage
After that, the token has been going up without any stops, bringing significant profits to whales who started accumulating it last year. However, the local high the token reached today is not the first breakout attempt. It was made recently.
Back in November, DYDX had reached the 200-day moving average but failed to break through it and reversed to the local low we mentioned before. However, the price that moved similar to what we see today was not followed by the massiveAt press time, DYDX is trading at $2.3 with a 0.1% price increase in the last 24 hours.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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