Dimension Price Prediction: DYM is the biggest winner of the week with a growth rate of 55%, but traders are flocking to this upcoming ICO

Dymension (DYM) price has increased by 55% in the past seven days and is trading at $7.6 at 1:30 am EST, making it the biggest gainer of the week among the top 100 cryptocurrencies by market cap. Can it continue to rise? Crypto Patel doesn't think so, telling his 23K followers that Dymension's price may soon see a correction, as it has fallen by 2.1% in the past 24 hours, breaking the support level.

Looking at the 30-minute DYM/USD chart, we can see that there are no clear indications that a correction is imminent as the recent candlestick pattern shows both green (bullish) and red (bearish) candles with petals on either side, indicating that there is some hesitation in the market. There is no clear trend in the recent price action as the price is moving in a range.

Additionally, the Woodys Commodity Channel Index (CCI) is fluctuating around the zero line, showing no clear trend. A CCI above +100 indicates overbought, and below -100 indicates oversold. The CCI in this chart shows neither of these conditions, suggesting that the market is not currently overextended in either direction.

On the other hand, the Supertrend is green and below the price, indicating a bullish signal. The Coppock curve is also above zero, which is often seen as a buy signal. When the Coppock curve changes from negative to positive, it is used to identify long-term buying opportunities.

Meanwhile, Altcoin Sherpa (formerly Twitter), an analyst with over 206K followers, now believes that the price of Dymension could continue to rise following its recent rally.

Separately, the new meme currency Sponge V2 is gaining popularity among investors who believe it can replicate the 100x gains achieved by its predecessor $SPONGE last year. Analysts have ranked SpongeV2 as a top meme coin that could yield exponential returns, with some even suggesting it could become a replacement for Pepecoin.

Sponge V1 was officially delisted on February 5, and all $SPONGE holders were transferred to Sponge V2 running on the more secure Polygon network.

Investors can use Sponge V2 to stake with an incredible annual return of 1,916%. Sponge V2 also introduces new features, the most notable of which is the game-earning option.

Jacob Bury, a YouTube analyst with more than 27,000 subscribers, believes the meme currency has the potential to see another 100-fold increase in value.

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