Dymension DYM price shows a strong movement, how long will it ?Today, we will take a look at a young and quite popular coin in recent days - DYM. It was listed on many exchanges a week ago.
Due to the large amount of different activity, the DYMUSDT price successfully traded in the range of $6.85-7.85 and continued to grow.
If the growth continues successfully, the next levels are $9.60 and $10.30.
If the crypto market begins to correct, the strongest support should be in the $6.85-7 range.
Below, there is a relative void where the coin can begin to drain, which was received mainly for participation in activities.
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DYM
Bullish on DYM Descending TriangleWe have identified a descending triangle pattern. This is a bearish formation that often precedes a price drop BUT
Our analysis also presents two potential future scenarios for DYM. The first scenario anticipates an upward breakout from the triangle, while the second scenario suggests a continuation of the downtrend before an eventual breakout.
A significant support level has been identified at approximately 6.300 USDT. This level could potentially serve as a rebound point for the price.
Alikze → #DYM |Ascending contraction triangleIn time H1, it is moving in an ascending channel, if the entry zone is activated, with the loss limit below the trigger, you can enter the buy position up to the resistance dynamic trigger zone.
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DYMENSION - Airdrops SeasonDYMUSDT is performing quite well since its airdrop happened, and the price is on an upward trend, because it is speculated that DYM stakers will be eligible for other airdrops.
That being said, if DYM breaks this symmetrical triangle upwards, it is bullish and we could reach $10 in the short term wizards.