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Is Dai (DAI) Trending Lower or Higher Wednesday?

Dai receives a weak long-term technical score of 19 from InvestorsObserver’s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

DAI currently holds a superior long-term technical analysis score than 19% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

InvestorsObserver is giving Dai a 19 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dai!

Trading Analysis

Dai’s price is $0.0000000 (0.03%) above its 100-day moving average price of $1.000000000 as its price at the moment sits at $1.000000000. Additionally, DAI is $0.0100000 (-1009.61%) higher than its 52-week low price of $0.990000000 while -$0.01000000 (-887.74%) under its 52-week high of $1.010000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives DAI an average long-term technical score of 19. Long-term trading movement of Dai suggest that investors are bearish on the token at the moment.

Dai has a total market value of $5,893,125,579.02 with an high average daily volume of $1,029,029,472.53 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, DAI’s volume is below its average with $213,829,795.86 exchanged in total.

This token’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

Trading patterns over the last year for Dai leads to the token’s a weak long-term technical score of 19 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.

Click Here to get the full Report on Dai (DAI).

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