DYM plunged 8% after a 73% weekly pump as presales for this fascinating new electric vehicle soared toward $1 million.

Dymension prices have fallen more than 8% over the past 24 hours, trading at $6.91 as of 4:45 a.m. ET, with trading volume plummeting 23% to $113 million.

The decline follows a 73% surge in DYM prices last week. The project reached its peak last Thursday when the price rose to $8.2019, the current ATH.

Afterwards, the price fell to the $7 support level, finally breaking on Monday morning. Some have speculated that the token will make a comeback, but for the time being, bears are working hard to push the price below the rising trend line.

Dymension price prediction

The current DYM price is around $7, but it doesn’t seem like it can move above that price at the moment. This means that the support the token held for the past few days has finally been broken, and has since become a resistance that DYM will have to conquer once again to move forward.

Some in the community predict that the token could surge up to $10, but technical indicators suggest the matter is more complicated.

For example, the Bollinger Bands tightened strongly after the surge, as they did over the weekend and continued as the new week began.

Prices are balanced midway between the upper and lower bands, indicating some degree of neutrality.

The RSI (Relative Strength Index) level of the token also fell into oversold territory, but has since risen to reach a value of 43.77 at the time of writing.

Nonetheless, while moving back into neutral territory, bulls will likely need to continue applying buying pressure to push the token price higher.

Dymension Prices: Weakening Bearish Pressure?

Current daily volume is still in the red compared to yesterday, which can be taken as a good thing as it could mean that bearish pressure is waning.

For the time being, the token price appears willing to return to levels above $7, but eventually, if it cannot rise above this level, it will remain just below this resistance.

However, a further rally could create enough optimism in the market to push it up to the next resistance level of $7.25 and possibly $7.50.

A promising alternative to Dymension

One of Dymension’s most promising alternatives, which could potentially deliver greater returns to early investors, is a project called eTukTuk (TUK).

This is a project that aims to build and distribute green TukTuks – small vehicles that are already very popular in Thailand and could gain traction in other developing countries.

The project seeks to start a sustainable transport revolution by electrifying it and is using the green TUK token pre-sale to do so. The platform explains that eTuktuk is an AI-integrated, eco-friendly future mode of transportation that allows users to invest and earn money instantly.

Considering the strong demand for this new type of innovative cryptocurrency project, analyst and YouTuber Jacob Bury said it could see 10x its potential at launch.

It all starts with purchasing TUK tokens, the native cryptocurrency currently selling for $0.0265 per unit.

Users can purchase tokens by exchanging them for BNB or USDT, but can also purchase directly with a credit or debit card. So far, pre-sales have raised $941,000, rocketing toward the $1 million goal.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews

For more information, see here: https://t.co/7hr62WePzm

— eTukTuk (@eTukTukio) February 8, 2024

The price of this project will increase in approximately 10 days. That means if you buy it now, the price may increase even before it’s released.

You can learn more about the project and purchase TUK here.

Related articles:

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 50% or more