Multi Collateral Dai Does it Again: Heads Down for the 4th Straight Day

The Hourly View for Multi Collateral Dai

  • At the moment, DAI’s price is down $0 (0%) from the hour prior.
  • Multi Collateral Dai has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • 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.
  • Of note is that the 100 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 time of this writing, DAI’s price is down $0 (0%) from the day prior.
  • Multi Collateral Dai has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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 99979.16, down 16.43% from its value day prior.
  • Over the past 29 weeks, DAI’s number of daily new addresses has been in a clear downtrend, falling by about 11.37 per day.
  • For DAI, its number of daily new addresses is now at 1434.