Crypto Currency News

Trending News

Bitcoin
$70,396.18
-1169.58
Ethereum
$3,550.58
-57.41
Litecoin
$104.54
+9.23
DigitalCash
$39.92
+1.6
Monero
$135.29
-0.63
Nxt
$0.00
-0
Ethereum Classic
$34.27
+1.6
Dogecoin
$0.22
-0

Is Momentum Changing for Multi Collateral Dai? Price Just Crossed Above Its 100 Day Moving Average

The Hourly View for Multi Collateral Dai

  • At the moment, DAI’s price is down $0 (0%) from the hour prior.
  • Multi Collateral Dai has seen its price go down 4 out of the past 5 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 100 and 50 hour changed directions on DAI; they are now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Multi Collateral Dai’s hourly price chart is shown below.

The Daily View for Multi Collateral Dai

    DAI’s 1 price in the day prior was especially unusual given the typical amount recorded over the past 30 day.

  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 100, 20 and 200 day moving averages have been crossed, 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 has a count of active addresses of 4177, down 7.05% from its value day prior.
  • Over the past 29 weeks, the trend for DAI’s count of active addresses has been choppy and unclear. It has oscillated between 2899 and 9973.
  • For DAI, its daily large transaction count is now at 689.

Comments are closed.