dYdX

$DYDX

Doesn't look like a good buy at the moment.

Notice the big volume spikes without a lot of upside movement. That signals to me that traders are trying to push price higher, but it's absorbing the buying pressure.

In order for this chart to be interesting, I would look for a sell off on big volume. That could signal capitulation and might be a good buying opportunity.

The chain is being migrated to a new platform, so that might create a new, more bullish dynamic. Nothing is currently showing on the chart though. Show Less

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