Multi Collateral Dai is Down for the 7th Day in a Row

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 24 of the past 30 hours.
  • 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 up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

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.
  • It’s been a feast for bears operating on the daily timeframe, as Multi Collateral Dai has now gone down 24 of the past 30 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 and 50 day changed directions on DAI; they are 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’s number of daily new addresses now stands at 1710.
  • Over the past 29 weeks, the trend for DAI’s daily transaction count has been choppy and unclear. It has oscillated between 8644 and 39836.
  • DAI has an average transaction value of 78313.1407, down 2.7% from its value day prior.