Dymension

Bitcoin

ORDI

Resistance

THORChain

<p>Amid the renewed momentum carrying Bitcoin over $46,000, several altcoins are also seeing their prices surge higher. In this article, we will look at some of the specific factors driving recent price spikes for three standout gainers: Dymension (DYM), THORChain (RUNE), and ORDI. Whether it’s mainnet launches, bullish technical setups, or riding Bitcoin’s coattails, unique catalysts are providing tailwinds for these altcoins even as the broader crypto market trends higher.</p>
<h2 class="wp-block-heading" id="dymension-dym-surges-after-mainnet-launch">Dymension (DYM) Surges After Mainnet Launch</h2>
<p>Dymension’s native token, DYM, has rallied 30% in the last 24 hours on significantly higher trading volumes. This price action comes right after Dymension’s mainnet launch and token airdrop two days ago. According to <a href="https://captainaltcoin.com/why-is-dymension-dym-price-pumping-the-reason-a-50-short-term-surge-is-still-on-the-cards/" target="_blank" rel="noopener noreferrer nofollow">crypto analyst <strong>onedigitnumber.eth</strong></a>, DYM could reach $10-12 soon, which he notes would put its market cap around half that of Cosmos. Given the hype around Dymension currently and its potential use cases and airdrops, he thinks DYM could even reach $40-60 in a “raging bull” market.</p>
<h2 class="wp-block-heading" id="thorchain-rune-breaks-out-after-falling-wedge-formation">THORChain (RUNE) Breaks Out After Falling Wedge Formation</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="600" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-1024x600.png" alt="" class="wp-image-435210" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-1024x600.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-300x176.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-767x449.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-1536x899.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-2048x1199.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-256x150.png 256w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-598x350.png 598w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311-788x461.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-311.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>According to <a href="https://twitter.com/CryptoYapper/status/1755671337140428954?t=IUR9ZKH824DlSr8oLlgP7w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto Yapper</a>, RUNE has broken bullishly out of a falling wedge pattern that typically leads to upside breakouts. RUNE has broken through the pattern’s resistance around $7, leading Crypto Yapper to forecast further upside from here based on the measured move target for this pattern.</p>
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<h2 class="wp-block-heading" id="ordi-attempts-breakout-near-double-bottom-and-previous-resistance">ORDI Attempts Breakout Near Double Bottom and Previous Resistance</h2>
<p><a href="https://twitter.com/CryptoBusy/status/1755565014298276311" target="_blank" rel="noopener noreferrer nofollow">CryptoBusy </a>has flagged a potential breakout setup for ORDI around $60. He identifies a double bottom pattern combined with bullish divergence on technical indicators. With the price now at $63, ORDI is now trading above the previous trendline resistance. With Bitcoin’s pushback above $46k boosting confidence across crypto markets, ORDI bulls look poised to push the price higher.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-1024x474.png" alt="" class="wp-image-435202" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-1024x474.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-300x139.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-766x355.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-1536x712.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-2048x949.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-324x150.png 324w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-755x350.png 755w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310-788x365.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-310.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>So in addition to Bitcoin’s renewed momentum, idiosyncratic factors related to product launches, technical setups, and more seem to be driving altcoins like DYM, RUNE, and ORDI to notable price spikes. Traders are watching to see whether these gains can continue.</p>
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<p>The post <a href="https://captainaltcoin.com/dymension-dym-thorchain-rune-and-ordi-prices-pumping-heres-why/" rel="noopener noreferrer nofollow">Dymension (DYM), THORChain (RUNE) and ORDI Prices Pumping – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dymension (DYM), THORChain (RUNE) and ORDI Prices Pumping – Here’s Why

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