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Dymension

#DYM/USDT#DYM The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel, this support at 0.380. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.400 First target: 0.422 Second target: 0.450 Third target: 0.493
Long
by CryptoAnalystSignal
#DYM/USDT#DYM The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 0.330 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.343 First target 0.369 Second target 0.392 Third target 0.418
Long
by CryptoAnalystSignal
DYM’s Comeback: Storm Over or More Clouds Ahead?After breaking down from that lovely pattern, DYM is finally showing some strength—pushing above the moving average at last! Not gonna lie, there’s still plenty of resistance on the way up, but the volume on that breakout gave me a bit of hope for a trend reversal. Now, it’s retesting the MA, and fingers crossed it flips to support. Of course, we’ve still got that big red cloud ahead before we can enjoy clear green skies. Hopefully, the worst of the storm is behind us, and we can all sit back and watch the northern lights! 🌌 Targets: $1 & $1.40. Let’s see what happens! 🚀
Long
by crypto_chebz
DYM. Speculative investment. $1.5 ---> $11+They dump the price at the beginning to handle sell pressure. In the green zone (low), the strategic market makers will buy again and use cheap tokens + small selling pressure for a global pump. I don’t know where to sell, because markets are not static, team plans are not static, nothing is static. But I believe that $11+ is the minimal target in a successful case. This theory works only if you researched & found a special format of token unlocks after the project launch (not team & core unlocks). ~$11 means ~$4.6 billion market cap on the highest price.
Long
by sholi_software
1
SAGA: Another very interesting setupAlong the same lines as Dymension, there's an on-going campaign of airdrops for stakers who are loyal to the protocol and increase their stake over time. SAGA is a unique Layer 1 blockchain protocol designed to address the scalability issues faced by many blockchain networks. It uses a modular approach by allowing developers to create their own dedicated blockchains, known as "Chainlets," on top of the SAGA mainnet. These Chainlets operate independently but are interoperable with each other and the mainnet, providing infinite horizontal scalability. SAGA's scalability and customization features make it particularly well-suited for the gaming industry. Gaming applications often require high transaction throughput, low latency, and the ability to handle complex in-game economies. SAGA's modular architecture enables developers to create dedicated Chainlets for specific games or genres, tailoring them to meet the unique demands of each game while ensuring smooth gameplay and scalability. I'm personally very bullish, and looking to increase my stake and reinvest proceeds of airdrops I obtain (and stake the ones that allow you to stake as well). This can result in cascading gains that compound drastically over time. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
Trade Idea for Dymension (DYM) - Accumulation Strategy Dymension (DYM) is currently trading around $3.07. The token has seen a 6.67% increase in the last 24 hours, with a market cap of approximately $448.06 million and a circulating supply of 146 million DYM tokens​. Start building a position at the current price of around $3.07. This provides a strategic entry point given the recent price appreciation and trading volume. Plan to accumulate additional DYM tokens if the price drops to $1.60 and further to $2.20. This approach allows for averaging down the entry price and taking advantage of potential market corrections. Set take-profit targets at $5.50, $7.00, and $8.00. These levels are based on potential resistance points and historical price movements, aiming to capture significant gains as the market appreciates. Dymension is designed to support Layer 2 networks known as rollups, which enhance scalability and efficiency. The platform leverages the Inter-Blockchain Communication (IBC) protocol for secure communication between different chains, making it a significant player in the modular blockchain space​. The recent price increase and substantial trading volume suggest growing investor interest. Monitoring ongoing developments and updates within the Dymension ecosystem will be crucial for adjusting the investment strategy. Accumulating DYM at strategic price points leverages market volatility and the project's innovative approach to blockchain scalability. The phased profit-taking strategy aims to optimize returns while managing risk. This trade idea is based on current market data and Dymension’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz