$DAM Token Detonates with a 31.01% Explosive Surge

The Reservoir (DAM) token erupts in a parabolic 31.01% surge, rocketing to $0.021944. This explosive on-chain move occurs with a market cap of $4.39M, held by 1,257 on-chain holders and supported by $280,553 in liquidity.

A decisive and powerful technical breakout fuels the frenzy. The price has not just broken but demolished the key Supertrend (10,3) resistance at $0.016504, confirming a violent bullish trend reversal and establishing a new support foundation.

The chart shows a near-vertical ascent from the $0.015792 support level, with the token now challenging immediate resistance at $0.022923 and targeting the $0.024707 high.

This is an extreme momentum play characterized by parabolic price action on relatively low liquidity. While the bullish force is undeniable, such a rapid and massive percentage gain often precedes volatile consolidation. The critical test is whether DAM can establish a new support base above the $0.01650 breakout level to sustain the newly established uptrend, or if the move will succumb to a sharp correction from overextended heights.