Dai (DAI) has been relatively less volatile compared to the crypto market. So far Monday, the Stablecoins has fallen 0.49% to $0.9949419878.
InvestorsObserver is giving Dai a 8 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dai!
Low Volatility
InvestorsObserver gives Dai a low volatility rank of 8, placing it in the bottom 8% of cryptos on the market.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
DAI’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Dai price is favorably positioned going forward. With support at $0.990926063769843 and resistance near $0.996282733195807. This positions Dai with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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