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

The Hourly View for Multi Collateral Dai

  • Currently, 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 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.
  • 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.
  • The daily chart shows that Multi Collateral Dai has seen 2 straight down 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.
  • Of note is that the 20 day changed directions on DAI; it is now pointing down. The moving averages on the daily 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.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • Over the past 29 weeks, DAI’s count of active addresses has been in a clear downtrend, falling by about 18.89 per day.
  • For DAI, its number of daily new addresses is now at 1501.
  • DAI has a daily large transaction count of 1251, up 9.64% from its value day prior.

Featured NA Idea From TradingView

Below is a trading comment entitled INTEL:FUNDAMENTAL ANALYSIS|PRICE ACTION|DOWNTREND SETUP 🔔 you may find interesting:

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