Altcoin Soars Over 90% in Four Days, Analyst Predicts Further Surge; Bitcoin Outlook Updated

A popular crypto analyst, known as Altcoin Sherpa, is bullish on a newly launched altcoin, Dymension (DYM), and believes it has the potential to climb even higher.

Dymension: A Modular Blockchain with Upside Potential

  • Altcoin Sherpa sees significant upside potential in Dymension (DYM), a modular blockchain token.
  • Modular blockchains are designed to be more scalable and flexible than traditional blockchains.
  • DYM recently launched its mainnet and has already experienced a remarkable surge in value.

Bitcoin: Cautious Optimism Amid Resistance Zone

  • Altcoin Sherpa advises caution regarding Bitcoin’s (BTC) short-term outlook due to resistance levels.
  • Bitcoin is currently trading within a resistance zone that it failed to break earlier this year.
  • However, on higher time frames, Altcoin Sherpa maintains a bullish sentiment for Bitcoin.

Bitcoin’s Weekly Close Above $44,000

  • Altcoin Sherpa highlights the significance of Bitcoin’s potential weekly close above $44,000, which would be the first since early December.
  • Bitcoin is currently trading at $47,429 at the time of writing.


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