The Tide May Be Shifting for Multi Collateral Dai as it Crosses Above Its 100 Day Moving Average

The Daily View for Multi Collateral Dai

  • At the moment, DAI’s price is up $0 (0.07%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • 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.
  • 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.

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 (-0.16%) 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.
  • 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.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 50 day moving averages, resulting in them so that price is now turning below them. 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 had a daily large transaction count of 2217, down 34.97% from the day prior.
  • Over the past 205 days, the trend for DAI’s average transaction value has been choppy and unclear. It has oscillated between 12718.7784 and 3057098.0415.
  • DAI’s count of active addresses now stands at 6002.