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The Dymension price has surged 25% in the last 24 hours to trade at $0.404 as of 11:24 p.m. EST, with trading volume jumping 219% to $265 million.
Dymension is a scalable Layer 1 blockchain designed to power RollApps, modular and customizable blockchains optimized for scalability.
By supporting RollApps, Dymension allows developers to create specialized, efficient blockchain applications while benefiting from enhanced speed, flexibility, and lower costs.
Dymension Price Aims For A Sustained Breakout
The DYM price has been in a long-term downtrend, as seen from the falling channel pattern on the 4-hour chart.
The Dymension price continuously made lower highs and lower lows, confirming bearish pressure. However, a breakout has occurred, pushing the price of Dymension sharply above the channel’s upper boundary.
This breakout signals a possible trend reversal. After the breakout, DYM surged to nearly $0.50, before pulling back to its current level of $0.404. The retracement suggests a retest of the breakout zone.
DYM now trades above the 50 Simple Moving Average (SMA), which is an indication of a bullish rally on the 4-hour timeframe.
Meanwhile, the Relative Strength Index (RSI) is at 62.36, which is in the bullish zone but not yet overbought. Previously, it briefly touched above 70, signaling that the rally was strong. The current level suggests that the price still has room for further upward movement.
DYM Price Prediction
Overall, DYM has broken out of its downtrend and is currently retesting key levels. If the price of DYM stays above $0.32 – $0.33 (previous resistance turned support), then the bullish momentum may continue, potentially pushing DYM towards $0.50 and beyond.
Conversely, if the Dymension price fails to hold above the breakout level, it could drop back into the descending channel around the $0.293 support, resuming its bearish trend.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Surpasses $11.1 Million – Next Crypto To Explode?
The Best Wallet token presale has now raised over $11.1 million as investors buy into the project.
Best Wallet is a decentralized, non-custodial wallet designed to simplify crypto management.
It’s a tool that lets users buy, sell, store, and trade over 1,000 tokens across more than 60 blockchains – all from one user-friendly mobile app.
Whether it’s Bitcoin, Ethereum, Solana, or Dogecoin, Best Wallet can handle swaps with low fees.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects.
It’s establishing a strong track record after already flagging Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
The BEST token fuels Best Wallet’s ecosystem, which now supports cross-chain transactions, including for Bitcoin.
Currently, BEST tokens are priced at $0.0244. After purchasing BEST, you can also stake your tokens for a massive 140% annual return.
Buy before a price hike in less than 38 hours to lock in the best deal.
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Best Wallet - Diversify Your Crypto Portfolio
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