DIMO crypto gains 82% in a day, but bulls face THIS challenge
- DIMO crypto has traded within a range since June.
- The lack of steady buying volume meant the recent surge would need time to expand further.
DIMO [DIMO] was in a consolidation phase on the higher timeframes. In the past 24 hours, it managed to jump by nearly 82%, going from $0.122 to $0.227. In recent hours, the price has been forced to drop to $0.163.
This retracement represented a 28% move from the recent highs. In doing so, the $0.18 support zone was ceded. Will the bulls push prices back above this level and resume the upward move?
Rejection from the range highs in recent hours
Source: DIMO/USDT on TradingView
At press time, DIMO crypto was down 28% from the local high of $0.227. The RSI on the 12-hour chart briefly…
