$DYM $DYM
$DYM /USDT Technical Analysis
Current Price: $1.43 (+12.80%)
24h Range: Low $1.269 – High $1.480
Volume:
24h Vol(DYM): 4.05M
24h Vol(USDT): 5.59M
The price is currently above all key moving averages, indicating a strong bullish trend. The 7-day and 25-day moving averages have acted as short-term support during the recent price action, while the 99-day MA is near the $1.50 mark, potentially acting as the next resistance zone.
Key Levels to Watch
Immediate Support: $1.368 (7-day MA), which has held up well as a short-term support level.
Primary Resistance: $1.480 (24-hour high), which aligns with recent highs, and is likely to attract sellers.
Secondary Resistance: $1.506 (99-day MA), acting as an upper limit for the current bullish move.
Technical Indicators
Bollinger Bands: The price is currently near the upper band, indicating possible overbought conditions if the price doesn’t continue its upward momentum.
MACD: Bullish momentum is confirmed with the MACD line above the signal line. However, a potential divergence may occur if the price stalls near resistance.
SAR: The parabolic SAR is below the price, indicating bullish sentiment and a continuation of the trend, as long as support holds.
Trade Setup
Entry Zone: Around $1.36 - $1.40 (near the 7-day MA and the current support area) for those looking to buy the dip within the bullish trend.
Target Levels:
First Target: $1.48 (recent high and immediate resistance)
Second Target: $1.50 (next resistance level, aligning with the 99-day MA)
Stop-Loss: $1.32, just below the 25-day MA and recent support, in case of a trend reversal.
Summary
DYM/USDT is showing bullish momentum, trading above key moving averages. Immediate support is near $1.368 (7-day MA), while resistance is at $1.480 (24-hour high) and $1.506 (99-day MA). A pullback to $1.36-$1.40 offers a potential buying opportunity with targets at $1.48 and $1.50. A stop-loss below $1.32 will help manage risk in case of a reversal.
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