Dymension Price Takes a Hit
Currently, the Dymension price has declined by more than 8% in the past 24 hours, trading at $6.91. This plummet follows a 73% surge in the past week, reaching $8.2019, its current ATH.
For now, the bears are working hard to push the price below the rising trendline, which broke its support at $7 on Monday morning.
Dymension Price in the Balance
The current support level for DYM is stuck around $7, indicating that it’s struggling to move beyond this point, and it’s unclear whether the token will make a comeback or not. While the community predicts a surge to $10, technical indicators are showing some complexity.
Bollinger bands have seen a tightening since the surge, and the price is balanced between the top and bottom band, suggesting neutrality.
Pressure on Dymension Price Could be Weakening
Currently, the daily trading volume is in the red, indicating that the bearish pressure could be weakening. The price seems willing to return to the levels above $7, but it’s yet to be seen if it can climb beyond this resistance.
eTukTuk: A Potential Profitable Investment
An alternative to Dymension is the eTukTuk (TUK) project, which aims to develop and distribute green TukTuks. By making these vehicles electric, the project aims to start a sustainable transportation revolution. With a presale in place, eTukTuk has the potential to 10x on launch, according to analyst and YouTuber Jacob Bury. Currently, a TUK token is selling for $0.0265 per unit.
The project is anticipated to see a price increase in around 10 days, so purchasing now could lead to price growth even before it goes live.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.