Don’t Look Now, But Multi Collateral Dai is Going Parabolic

The Hourly View for Multi Collateral Dai

  • At the time of this writing, DAI’s price is down $0 (0%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Multi Collateral Dai has now gone down 12 of the past 14 hours.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Multi Collateral Dai’s hourly price chart is shown below.

DAI

The Daily View for Multi Collateral Dai

  • At the moment, DAI’s price is down $0 (0%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Multi Collateral Dai has now gone down 9 of the past 10 days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between DAI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DAI’s price.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • For DAI, its daily large transaction count is now at 2107.
  • Over the past 29 weeks, the trend for DAI’s average transaction value has been choppy and unclear. It has oscillated between 37192.7097 and 443994.8453.
  • DAI has a number of daily new addresses of 1736, up 25.07% from its value day prior.

Featured NA Commentary From Twitter

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