DYMUSD
DYM target 7.54h time frame
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DYM broke the downtrend line with a double bottom structure. Currently, DYM is retesting the neckline of this double bottom, this support works well so far. Furthermore, there are two ways to set up targets, the first one is set from double bottom, that is 7.5, the second one could be estimated through Fibonacci Extension, which is around 8.3~8.7.
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TP: 7.5 / 8.5
SL: 5.9
DYM CRAB PATTERN ( BULLISH )I've identified a compelling bullish Crab pattern forming in the DYM USDT coin. This pattern suggests a potential short-term target of 22%, indicating a promising opportunity for traders.
The precision of this pattern offers a clear entry point and a defined target, making it an attractive proposition for short-term gains. As the market evolves, monitoring the price action closely will be key to capitalizing on this opportunity.
Stay vigilant and prepared to act as the pattern unfolds. With disciplined execution, we aim to leverage this bullish formation to achieve our target gains efficiently.
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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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.