Dymension (DYM) Rips 160% Higher During Crypto Market $945M Liquidation: Reasons Revealed

Markets 2025-12-08 11:37

Dymension (DYM) Rips 160% Higher During Crypto Market 5M Liquidation: Reasons Revealed

KEY TAKEAWAYS

  • DYM surges 160% as the crypto market suffers liquidations.

  • Breakouts on weekly and daily charts confirm trend reversal.

  • Rising volume and CMF support sustained bullish momentum.

The past 24 hours have been brutal for the crypto market, which saw roughly $945 million in liquidations as volatility spiked across major assets.

Bitcoin (BTC) plummeted below $86,000, while Ethereum (ETH) was unable to hold the $2,800 level, triggering widespread forced closures of leveraged positions.

Amid the carnage, however, one cryptocurrency emerged as a surprise gainer: Dymension (DYM).

Over the same 24-hour period, the Dymension crypto price surged 160%, defying the broader market downturn.

With this rally, DYM is now up 601% from its all-time low recorded in October.

Here’s what fueled DYM’s explosive rise — and what may lie ahead for the coin.

Dymension Defies the Crash

Examining the weekly chart, DYM’s price formed lower highs between last December and the previous week.

However, today, CCN observed that it has broken above the resistance line. Surprisingly, this happened as Bitcoin and many altcoins saw their market value wiped out.

From CCN’s findings, rising buying pressure contributed to the rally.

As seen below, the Chaikin Money Flow (CMF) has risen above the zero signal line for the first time since Jan. 13.

This indicates that sellers no longer have the upper hand. Therefore, DYM bulls will likely hold the support at $0.074.

If that happens, then Dymension could retest the resistance at $0.48 in the long run.

At the same time, this rally has pushed the altcoin close to breaking above the 20-period Exponential Moving Average (EMA).

A move above this level would signal a shift in short-term momentum and strengthen the case for a continued upside breakout.

Dymension (DYM) Rips 160% Higher During Crypto Market 5M Liquidation: Reasons Revealed

DYM/USD Weekly Chart | Credit: TradingView

Indicators Point to More Upside

Beyond the price increase, Dymension’s trading volume has surged to $494.76 million, its highest level since Dec. 17, 2024.

Rising volume during an uptrend is typically a bullish signal, as it indicates that the move is supported by strong market participation rather than thin liquidity.

High volume also attracts momentum traders and algorithmic buyers, which can reinforce upward pressure on the price.

If this elevated volume persists, DYM’s price may potentially extend its rally in the short term.

Dymension (DYM) Rips 160% Higher During Crypto Market 5M Liquidation: Reasons Revealed

DYM Trading Volume | Credit: Santiment

DYM Price Breakout Intact

On the daily chart, CCN observed that DYM has broken above the upper trendline of a falling wedge, indicating a potential trend reversal.

This breakout is supported by a bullish crossover on the Moving Average Convergence Divergence (MACD), indicating strengthening upward momentum.

Additionally, the Awesome Oscillator (AO) has turned positive for the first time since Sept. 22, reinforcing the shift in market sentiment.

If these indicators hold, Dymension’s price will likely test the resistance at $0.27.

A successful move above that level could pave the way for a run toward $0.33.

Dymension (DYM) Rips 160% Higher During Crypto Market 5M Liquidation: Reasons Revealed

DYM/USD Daily Chart | Credit: TradingView

However, if profit-taking intensifies at current prices, the bullish scenario may weaken.

In that case, DYM’s price could pull back toward $0.14, where the next key support level is located.

What Else Is Happening?

Outside price action, Dymension is advancing on a development: the community vote on the long-awaited Beyond upgrade is now underway.

Initially slated for July, the upgrade was delayed after shifting market conditions and new technical demands. Now, the proposal is back on track, bringing significant changes.

With Beyond, Dymension will introduce new base assets for liquidity bootstrapping, starting with USDC and KAS.

It will also allow newly deployed chains to launch across more Layer 1s, beginning with Kaspa (KAS), linked by a Dymension-secured bridge.

The upgrade further delivers broad user-experience improvements, including a five-fold reduction in block times to roughly one second of finalization.

This new “vote-to-pump” mechanism boosts launchpad tokens based on staker votes, major bridging enhancements, and additional performance gains.

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This content is for informational purposes only and does not constitute investment advice.

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