A newly launched crypto asset possesses more upside potential, according to a widely followed analyst and trader.
The trader pseudonymously known as Altcoin Sherpa tells his 206,900 followers on the social media platform X that he expects the native token of modular blockchain Dymension (DYM) to “go way higher”.
Modular blockchains are decentralized networks that are considered relatively more scalable and flexible than regular blockchains because they consist of separate layers that handle specific functions.
According to Altcoin Sherpa, “any significant pullback” by DYM would present an entry opportunity. Based on Altcoin Sherpa’s chart, it appears that the analyst sees $6.32 as a previous significant resistance level that could potentially turn into a support zone.
Dymension, which launched its mainnet earlier this week, is trading at $7.75 at time of writing, up by approximately 96%…
