A closely followed crypto strategist believes a red-hot altcoin project has more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 206,900 followers on the social media platform X that the native token of modular blockchain Dymension (DYM) could soon revisit higher levels after a retracement.
“DYM: closed all of this yesterday, not going to round trip profit right now.
It’s still a bit choppy and not a huge fan of where BTC is. Still think this could go higher but going to be patient for now.”
Source: Altcoin Sherpa/X
Looking at his chart, the trader suggests that DYM is holding the $7.05 level as support and could rally to $7.39 based on Fibonacci retracement levels.
Dymension is trading at $7.11 at time of writing, up from a low of $3.54 on February 6th, a gain of more than 100%.
Next up, the trader predicts that the layer-1 blockchain Sui Network (SUI) will increase more than 10% from its current value.
“SUI: this will hit $2 eventually, feel pretty strongly a
We współpracy z: https://dailyhodl.com/2024/02/12/trader-says-altcoin-thats-doubled-in-less-than-a-week-could-go-higher-outlines-path-forward-for-sui/
