Multi Collateral Dai Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Multi Collateral Dai

  • At the moment, 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 10 of the past 10 hours.
  • 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 20 hour changed directions on DAI; it is now pointing down. 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 12 of the past 14 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 day changed directions on DAI; it is now pointing up. 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 has an average transaction value of 229055.4714, up 162.21% from its value day prior.
  • Over the past 29 weeks, DAI’s count of active addresses has been in a clear downtrend, falling by about 19.74 per day.
  • DAI’s count of active addresses now stands at 5566.