Is It a Correction or a Reversal?

The DMAIL Network crypto lost its traction and hit a record low in the morning selling session. However, the buyers made a comeback in the afternoon and recovered the intraday losses.

At the time of writing, the DMAIL crypto was at $0.54, trading slightly 0.7% lower, intraday. The crypto started its journey just two days ago and was able to attract investors and traders on the very first day, gaining nearly 12%. 

However, the bears attacked in the later sessions and dragged the price lower on Wednesday, breaking below the previous day’s low and turned the sentiments towards the negative side.

Moreover, Dmail Network is a blockchain-based email service that offers more than just sending and receiving messages. It also allows their users to manage their digital assets and store their data securely on the decentralized network. 

Also, It aims to be a fundamental tool for the Web 3.0 era, where users can enjoy the benefits of blockchain technology without leaving the Web 2.0 environment. Dmail Network is a bridge between the old and the new web. DMAIL is the native token of the Network. 

Looking over the fundamental data as obtained from CoinMarketCap, it has a total market capitalization of $5.3 Million and ranks 2310th among all the cryptocurrencies. It had a 24-hour trading volume of 18.02 Million with an intraday drop of 19.11%. 

Also, the volume to market cap ratio is 331.8% suggesting very high volatility in the crypto. 

The broader term outlook for DMAIL token is not clear at the moment. DMAIL Crypto just started its journey 2 days ago. The All time high was formed two days ago and the crypto has turned around after that to hit an all time low today. 

Currently, the GMAIL token trades near the all time low value and might break below it. Now, if the crypto breaks below an all time low, it may dig lower to test buyers presence at the lower levels. 

Whereas, if the crypto breaks above its all time high value, it may turn bullish in the short term and surge higher towards $0.8 level.  As per the indicator analysis, the DMAIL crypto is trading below the 50-Day EMA, signaling short-term bearishness.

At press time, the RSI was at 44.9 and that of the SMA line was at 37.35. Both the RSI line and SMA line are hovering below the mean line suggesting a bearish outlook in the short term.   

DMAIL Network Price Prediction February 2024

The positive view of analysts is an upside potential of nearly 37.6%, which could take the DMAIL Network crypto price above the $0.198 mark. The bearish view of analysts hopes the price drops below the recent all time low value.

DMAIL Network Price Prediction 2024

The most positive price prediction for 2024 shows that DMAIL Network crypto may advance to a high of $1.10 by the end of the year 2024. Whereas, the less optimistic analysts estimate a price target of $0.842 by the end of year 2024.

DMAIL Network Price Prediction 2025

As per the most positive view of our analysts, the price may attain $1.56 suggesting an upside potential of 193.2%. The most pessimistic view assumes the price to reach $1.076 by the end of the financial year 2025.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.