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DYM Poised for Potential Upswing
- Pseudonymous crypto analyst Altcoin Sherpa sees further upside potential for the modular blockchain Dymension (DYM).
- DYM recently experienced a retracement but has found support at $7.05.
- The analyst suggests a potential rally to $7.39 based on Fibonacci retracement levels.
- DYM has witnessed a remarkable surge, rising from $3.54 on February 6th to its current value of $7.11, representing a gain of over 100%.
SUI Expected to Gain Momentum
- Altcoin Sherpa predicts a significant increase for the layer-1 blockchain Sui Network (SUI), anticipating a rise above $2.
- The analyst emphasizes the strength of low time frames and the significance of diverse consolidation patterns.
- SUI’s uptrend remains intact, with several exponential moving averages (EMAs) continuing to rise.
- Currently trading at $1.81, SUI has shown a 7% increase in the past 24 hours.
Bitcoin at a Critical Juncture
- Altcoin Sherpa highlights the crucial moment for Bitcoin (BTC) as it approaches the $50,000 level.
- A decisive breakout above $50,000 with follow-up action would confirm the uptrend’s continuation.
- A quick deviation could indicate a potential correction.
- Bitcoin’s long-term bullish outlook remains, but the immediate direction depends on the market’s response at this level.
- BTC is currently trading at $49,624, showing a 3% gain in the last 24 hours.
Disclaimer
- FastPayCrypto does not provide investment advice.
- Investors should conduct thorough research before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets.
- Transfers and trades are at the individual’s own risk, and any losses incurred are their responsibility.
- FastPayCrypto does not recommend buying or selling any cryptocurrencies or digital assets and is not an investment advisor.
- FastPayCrypto participates in affiliate marketing.
