Per insights shared by analysts Alex Clay and Crypto Winkle, Stacks (STX) and Dymension (DYM) price action have shared bullish setups. Both tokens exhibit promising technical indicators, with analysts identifying key breakout zones and price targets.
What you'll learn 👉
Stacks (STX): Preparing for the Fifth Bullish Wave
Alex Clay has identified a bullish structure for Stacks (STX), highlighting that its fourth corrective wave appears complete.
The token is currently consolidating between a major supply zone and a key support zone. While the first breakout attempt was deemed a fakeout, Clay predicts that the next breakout could initiate the fifth bullish wave.
Clay outlined price targets for STX, with the first at $5.45, the second at $6.60, and a “moonbag” target at $10. As of today, CoinGecko reports STX trading at $2.12, reflecting a 2.91% increase in the last 24 hours and a 13.10% gain over the past week.
With a 24-hour trading volume of $268.31 million, the token shows robust trading activity that aligns with the bullish outlook.
Read also: Fantom (FTM) Price Pumps: ‘There’s a Lot to Like,’ Says Elite Crypto Analyst
Dymension (DYM): Key Resistance Levels and Indicators
Crypto Winkle’s analysis of Dymension (DYM) suggests the token may soon break out above its descending resistance line. If this occurs, DYM could target $2.50 and potentially $3, provided momentum sustains.
The Moving Average Convergence Divergence (MACD) indicator currently signals bullish momentum at 0.17, while the Exponential Moving Average (EMA) is at 2.06.
Dymension, a Layer 1 blockchain powering RollApps, provides modular blockchain solutions with seamless liquidity and security through Inter-Blockchain Communication (IBC).
CoinGecko data indicates DYM is priced at $2.17 today, with a trading volume of $66.41 million. Although the token saw a minor decline of 0.23% over the last 24 hours, it has surged 38.68% in the past week.
Analyst Insights: A Closer Look at the Tweets
Clay’s and Winkle’s tweets provide clear technical insights for traders. Clay emphasized the accumulation phase for STX, while Winkle pinpointed critical resistance levels for DYM.
Both tokens have demonstrated increased activity and market interest, supported by technical indicators and consistent trading volumes.
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