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.


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.


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:

The past five years have been tough for Intel, the world’s largest maker of x86 processors for PCs and data centers. It has underperformed Taiwan Semiconductor Manufacturing Company and Samsung in the “technology race” to produce smaller, more high-level chips, and persistent lags and chip shortages have ended in a huge loss of market to AMD.INTC has also rejected the mobile market, ceasing production of chips for smartphones and baseband modems, and made scattered investments in programmable chips, Internet of Things (IoT) chips, and automotive chips – none of which have solved the company’s core problems.Former Intel CEO Brian Krzanich unexpectedly quit three years ago. His “inheritor”, Bob Swan, concentrated on lowering costs and buying back stock instead of addressing pressing R&D issues. Swann had even considered outsourcing much of Intel’s production to TSMC – rather than upgrading his foundries – before he was ousted in January.Swan’s successor, Pat Gelsinger, has rejected the concept of Intel growing a “fabless” chipmaker similar to AMD and has redoubled efforts to expand its internal foundries. The company is reportedly even considering an acquisition of GlobalFoundries, AMD’s past factory division, to stimulate those intentions. Gelsinger anticipates that the manufacturing extension will benefit Intel regain technology leadership from TSMC and win back succumbed market share from AMD.If Intel can achieve those lofty goals remains a controversial question. But Intel lately updated its 2025 plans, and there are some dramatic changes. Let’s take a look at the most significant changes and how they might affect Intel’s growth over the next five years.The technology race is measured in nodes. Smaller nodes, which are currently measured in nanometers, are commonly recognized as more advanced than larger nodes since they are more energy-efficient.TSMC began mass production of 7-nanometer chips in 2018 and 5-nanometer chips in 2020. Intel began mass production of 10-nanometer chips in 2019 after several years of delays, and previously delayed production of the next generation of 7-…