Dai (DAI) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Stablecoins has gained 0.03% to $0.999933838.
InvestorsObserver is giving Dai a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dai!
InvestorsObserver gives Dai a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge tracks 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 set at $0.998494611719916 and resistance at $1. 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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