Price Target on Dymension (DYM)
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Page last updated: 2024-12-15 06:14 (UTC+0)
Technical Analysis
Technical analysis is a useful tool for predicting trends on a chart. However, recently many people have started trading with bots that have technical analysis concepts programmed into them. Below is an automated report of where the market is trending and which direction it may go at different time intervals into the future. While this is a Dymension price prediction based on technicals, please do your own research and trade based on your own knowledge and ability.
Moving Average
- On the four-hour time frame, Dymension is currently trending bearish with the 50 day moving average currently sloping down.
- Dymension’s 200 day moving average is sloping up and has been doing so since 12/10/2024 which means the trend is strong.
Relative Strength Index
- Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep RSI in that state for a while.
Moving Average
- On the 1 day time frame, Dymension is currently trending bullish with the 50 day moving average currently sloping up and below the current Dymension price, which could act as a support the next time it interacts with it.
- Dymension’s 200 day moving average is sloping down and has been doing so since 11/15/2024 which means the trend is weak.
- The 200 daily moving average is currently below the price, which means if price interacts with it again, it can potentially be used as a support to continue the trend.
Relative Strength Index
- Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep RSI in that state for a while.
Relative Strength Index
- Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep RSI in that state for a while.
MACD
- On the histogram side, there is a bearish divergence, which could mean the price is going to reverse as well.
Content published on our Coin Prediction pages is based on information and feedback provided to us by verified Binance users and/or other third-party sources. It is presented to you on an 'as is' basis for informational and illustrative purposes only, without representation or warranty of any kind. The presented price prediction may not be accurate and should not be treated as such. Future prices may differ significantly from the presented prediction and should not be relied on. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Binance shall not be liable to you in any way, for any losses that you may incur arising from your reference to, use of, and/or reliance on any content published on our Coin Prediction pages. Please also be aware that digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is also not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our
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