Multi Collateral Dai is Down for the 8th Day in a Row

The Hourly View for Multi Collateral Dai

  • At the time of this writing, DAI’s price is down $0 (0%) from the hour prior.
  • Multi Collateral Dai has seen its price go down 26 out of the past 30 hours, thus creating some compelling opportunities for bears.
  • 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 20 and 50 hour changed directions on DAI; they are 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

  • Currently, 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 12 of the past 14 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 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 average transaction value now stands at 129640.5711.
  • Over the past 29 weeks, the trend for DAI’s average transaction value has been choppy and unclear. It has oscillated between 14146.8867 and 3057098.0415.
  • DAI has a number of daily new addresses of 1841, up 7.66% from its value day prior.