$DYM Here is the DYM/USDT chart analysis on the 1D (daily) timeframe:

1. Price Trend Conditions

The price has been in a significant downtrend since the beginning of the year.

However, since July-November, there has been a consolidation pattern in the form of an ascending triangle or pennant, which finally managed to break out upwards.

2. Support and Resistance Levels

Strong Support: Seen around 1,900 USDT (blue line). This is a psychological level and a potential buying area.

Major Resistance:

3,274 USDT: The first resistance level that must be broken if the price wants to go higher.

5,504 USDT: The next strong resistance, which serves as a medium-term target.

3. Current Price Movement

After breaking out of the ascending triangle pattern at the end of November, the price had risen quite significantly.

However, currently the price is experiencing a correction to the level of 1,967 USDT (-6.73%), which is still close to the support of 1,900 USDT.

4. Potential Outlook

Bullish Scenario: If the price is able to stay above 1,900 USDT and form strong support, the potential for an increase to 3,274 USDT will be open.

Bearish Scenario: If the price falls below 1,900 USDT, then there is a possibility that the price will return to the previous low or enter a bearish phase again.

Conclusion:

The price is currently testing the support of 1,900 USDT.

If this support holds, the chance of a rebound to the resistance level of 3,274 USDT is quite large.

Conversely, if this support is broken, selling pressure may increase

Do your own research before trading!!!