Multi Collateral Dai is Down for the 4th Day in a Row

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 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.
  • Of note is that the 100 and 200 hour changed directions on DAI; they are now pointing up. 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

  • Currently, DAI’s price is down $0 (0%) from the day prior.
  • Multi Collateral Dai has seen its price go down 12 out of the past 14 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.
  • Divergence between DAI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DAI’s price.

Below is a daily price chart of Multi Collateral Dai.

DAI

The Latest From DAI’s Blockchain

  • For DAI, its daily large transaction count is now at 1114.
  • Over the past 29 weeks, the trend for DAI’s average transaction value has been choppy and unclear. It has oscillated between 37192.7097 and 3057098.0415.
  • DAI has a number of daily new addresses of 1413, down 11.58% from its value day prior.