Looks like $DYM has been struggling to hold those higher levels. After a nice pump yesterday, we saw a pretty sharp rejection around the 0.320 mark, which now seems to be acting as solid resistance.
The retracement took us down to test the 0.260 area, which thankfully held as support for now. We're seeing some buying interest coming in around here, but the volume is looking pretty average.
Right now, it's trading at 0.271. If it can clear 0.280 with some conviction, we might see a move back towards the 0.300 psychological level. But if 0.260 breaks, watch out below – could see further downside to 0.250 or even 0.240.
Keeping an eye on this one. Not convinced of a big move yet.