Dmail Network’s (DMAIL) price spiked over 104% WTD to reach a daily high near $0.2 on May 29, as investor demand spiked across Web3 infrastructure tokens. The move followed a steady climb in trading volume and came as Dmail Network pushed deeper into product rollouts and user growth.
Broader market sentiment remained mixed. Bitcoin hovered above $107,000 after cooling off from recent highs. Ethereum lagged near $2,650. Altcoins with utility-based narratives—especially AI and communication protocols—outperformed. DMAIL led the charge as social metrics and whale activity revealed renewed accumulation.
A key catalyst was the launch of Dmail’s NFT Domain Marketplace. The platform now supports trading over 3.1 million minted domains tied to on-chain identities. Users conduct all trades using DMAIL tokens on the BNB Chain, with fees routed toward token buybacks and burns. This structure reinforced bullish expectations around long-term token scarcity.
Dmail’s growing traction follows its push into subscription-based tools, AI automation, and cross-chain messaging. With over 50 million users onboarded and new market entries underway, the network is positioning itself as a core player in decentralized communication.
Dmail Network’s NFT Marketplace Boosts Utility and Fuels Token Demand
Dmail Network’s NFT Domain Marketplace was likely a key driver of the DMAIL token activity. Launched on May 26, the platform enables trading over 3.16 million unique domains, each doubling as a blockchain-verified identity for decentralized messaging.
Domain attributes—character length, keywords, and Dmail Point scores—determine value, with short or high-scoring names commanding premiums. All trades occur in DMAIL, reinforcing its utility while imposing a 1% transaction fee to fund buybacks and token burns.
Moreover, the marketplace’s structure directly supports deflationary tokenomics. With just over 99 million tokens in circulation and a hard cap of 200 million, recurring buybacks from trade fees tighten supply. Furthermore, price action tends to mirror activity levels. Each domain listing yields 300 Dmail Points, while purchases return 20x the cost in points, both convertible into tokens via Dmail’s Season 3 airdrop. The dual-incentive system encourages consistent trading, driving transactional volume and engagement.
Speculative social media posts cited the low-fee structure and token burn mechanism as bullish triggers. Moreover, with 50 million users onboarded and more campaigns planned, the marketplace could become a cornerstone of decentralized identity.
Dmail’s roadmap includes expansion to 25 additional blockchains, MailtoEarn features, and enterprise marketing tools.
Token Reclaims Key Levels, BUT RSI Could Spoil The Party
DMAIL price extended its bullish momentum on May 29, rising to a daily high near $0.2 after a 41% intraday spike. The move highlighted the heightened interest in the token. Profit rotation could also be favoring DMAIL prices, along with the NFT marketplace news.
The token now faces its next major resistance near $0.22. The level marks a potential rejection zone if momentum stalls. Flipping the immediate resistance would target the resistance near $0.261. Both levels align with historical price congestion and represent key areas where sellers previously overwhelmed demand.
The EMAs—20, 50, and 100-day—have aligned beneath the price, with the 20-day EMA rising steeply. The bullish crossover confirms near-term trend strength. The 200-day EMA acts as support near $0.164, coinciding with the 0.382 Fib level. Breaching the immediate support level could result in the Dmail Network token dropping to the support near $0.129.
The RSI closed above 84, signaling overbought conditions. While this suggests a limited immediate upside without consolidation, it also reflects intense buying pressure not seen in previous months. A short-term pause or correction would arrive sooner rather than later before the DMAIL price retests the upper resistance bands.
Overall sentiment has flipped decisively bullish. The market structure shows a clear breakout from a prolonged downtrend, with higher lows and higher closes. Analysts believe the uptrend will remain intact if the DMAIL price remains above key support levels. A failed retest, however, could invite a temporary correction toward the $0.128 support. Until then, traders will monitor for volume confirmation and trend continuation signs to validate further upside extension.
