DYDX has fallen to $0.33 following a temporary blockchain downtime on October 10, leading to a technical sell-off in the market. The asset’s relative strength index (RSI) is currently at 27, indicating that it may be oversold and could experience a potential bounce as the broader cryptocurrency markets begin to stabilize. This stabilization coincides with a rally in Bitcoin, which has positively impacted market sentiment. Traders are closely monitoring the situation, as the recent downtime may have triggered a wave of selling among investors. The overall performance of DYDX reflects the volatility often seen in the cryptocurrency sector, particularly in response to technical issues.
