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Dymension Price Prediction: DYM Surges 35% On Mainnet Launch, Airdrop As New Cryptocurrency eTuktuk (TUK) Raises $820K In ICO

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Dymension Price
Dymension Price

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The Dymension price has surged 35% in the last 24 hours to trade at $5.48 as of 05:40 a.m. EST on trading volume that jumped more than three million percent to $470 million.

The spike in the DYM price comes just a day after a ground-breaking mainnet launch and an eye-popping $390 million airdrop.

Dymension aims at revolutionizing the decentralized finance landscape as well as addressing scalability challenges using modular blockchain technology.

Operating to revolutionize blockchain technology through RollApps, can DYM surpass other projects that are using modular blockchain technology like Celestia (TIA), which has soared over 738% since launch?

Dymension Price Consolidates Around $5, Looking For A Breakout To The Upside

Dymension Price Chart Analysis Source: Tradingview.com
DYMUSD Chart Analysis Source: Tradingview.com

Following its listing on various major centralized exchanges, DYM experienced a rapid surge to reach a peak of $6.32 before undergoing a retracement. The price was subsequently impacted by airdrop sellers, with the $4.83 level serving as a support level.

However, the bulls may have gained control of the price, as the Dymension price has surpassed the next support at $5.35 to trade at $5.48 within the consolidation phase.

The Relative Strength Index (RSI) is rebounding from the 50-midline level to 64, signaling a potential bull rally. If the bullish momentum is sustained, the RSI could rise to the 70-overbought region.

Dymension Price

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is positioned above the signal line (orange), signaling an upward trend for the Dymension price. 

Additionally, the histogram displays green bars towering over the red bars, further strengthening the bullish outlook for the DYM price.

Dymension Price Aims At Its Previous High

The current Dymension price short-term technical analysis is bullishly biased, suggesting that the market is still on bullish momentum. 

This is further affirmed by the formation of a falling wedge, signaling the end of the consolidation part, as the price has burst through the upper trend line.

DYM price bulls are looking to reclaim the previous high of $6.32, testing the resistances at $5.93 and $6.15.

However, if the bears carry out a trend reversal, the Dymension price may retrace back to the $4.83 level, acting as the crucial support zone in attempts at price discovery.

Meanwhile, as the DYM price soars, eTukTuk is emerging as a compelling crypto to buy now, with its ICO raising over $820k in early funding.

Best Eco-Friendly Crypto To Invest

The eTukTuk (TUK) presale has already garnered $825,088 as it hurtles towards its $844,058 target. Currently, eTukTuk tokens are available for purchase at a discounted price of $0.02625 per token, but this price is set to increase in about six days.

eTukTuk leverages AI, blockchain technology, and smart coordination of electrical vehicles (EVs), charging stations, and payments to transform transportation in developing nations.

Additionally, the project aims at tackling carbon emissions, improving health, and fostering financial inclusivity. Operating on the Binance Smart Chain, eTukTuk aims to employ a decentralized sharing economy model for scalability, security, and efficiency.

Furthermore, eTukTuk positions itself as a leader in the Electric Vehicle Charging Station Infrastructure (EVSE) sector by offering a cleaner, healthier alternative to traditional internal combustion engine (ICE) Tuk Tuks.

Buy And Stake $TUK For 267% Annual Rewards

As a presale participant, you can stake your tokens and earn an impressive annual percentage yield (APY) of 267%. 

The team is also launching a play-to-earn (P2E) game called Crazy Taxi. As a player, you will navigate the busy streets of Sri Lanka, ferrying passengers to different locations. You will earn $TUK tokens every time you complete a mission.

YouTube analyst Jacob Bury says eTukTuk has the potential to10x on launch. 

You can buy $TUK tokens today by visiting the official eTukTuk website. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.

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