Is Momentum Changing for Multi Collateral Dai? Price Just Crossed Above Its 200 Day Moving Average

The Hourly View for Multi Collateral Dai

  • Currently, DAI’s price is down $0 (0%) from the hour prior.
  • Multi Collateral Dai has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Of note is that the 50 hour changed directions on DAI; it is now pointing up. 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

  • Currently, DAI’s price is down $0 (-0.1%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being below it. 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.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • DAI had a daily large transaction count of 2058, down 2.56% from the day prior.
  • Over the past 29 weeks, the trend for DAI’s average transaction value has been choppy and unclear. It has oscillated between 14146.8867 and 3057098.0415.
  • For DAI, its average transaction value is now at 254186.0035.