Is Momentum Changing for Multi Collateral Dai? Price Just Crossed Below Its 50 Day Moving Average

The Hourly View for Multi Collateral Dai

  • At the moment, DAI’s price is up $0 (0.1%) from the hour prior.
  • This is the 2nd hour in a row Multi Collateral Dai has seen its price head up.
  • 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 hour timeframes.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100, 200 and 50 hour moving averages have been crossed, with price now being above them. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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

DAI

The Daily View for Multi Collateral Dai

  • Currently, DAI’s price is up $0 (0.1%) from the day prior.
  • The daily chart shows that Multi Collateral Dai has seen 2 straight up 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 and 50 day moving averages have been crossed, 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 average transaction value is now at 183126.3378.
  • Over the past 29 weeks, the trend for DAI’s count of active addresses has been choppy and unclear. It has oscillated between 5380 and 14477.
  • DAI has a daily large transaction count of 1460, up 9.28% from its value 1 days prior.

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