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

The Hourly View for Multi Collateral Dai

  • Currently, DAI’s price is up $0 (0.1%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Multi Collateral Dai has now gone down 4 of the past 5 hours.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 100, 20, 200 and 50 hour moving averages, resulting in them so that price is now turning above them. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

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

DAI

The Daily View for Multi Collateral Dai

  • At the time of this writing, DAI’s price is up $0 (0.1%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Multi Collateral Dai has now gone down 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 200 day moving averages, resulting in them so that price is now turning above them. 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

  • For DAI, its count of active addresses is now at 7946.
  • Over the past 29 weeks, the trend for DAI’s daily large transaction count has been choppy and unclear. It has oscillated between 246 and 7825.
  • DAI has a count of active addresses of 7946, down 6.25% from its value 1 days prior.