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Dai (DAI): Does it Score Well on Long-Term Trading Metrics Saturday?

Saturday, January 08, 2022 02:46 PM | InvestorsObserver Analysts
Dai (DAI): Does it Score Well on Long-Term Trading Metrics Saturday?

Dai receives a strong long-term technical score of 88 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 88% 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'.

Long-Term Technical - 88
InvestorsObserver is giving Dai a 88 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dai!

Trading Analysis

DAI is currently $0.0000000 (-0.02%) below its 100-day moving average price of $1.000000000 with its current price of $1.000000000. Meanwhile, Dai is $0.0200000 (-1020.62%) above its 52-week low price of $0.980000000 and -$2.67000000 (-245.33%) below its 52-week high of $3.670000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 88. Trends for the long-term trading history of Dai suggest that traders are currently neutral on the token. Dai has a market capitalization of $9,348,023,201.20 and a relatively high average daily volume with $3,204,563,522.34 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, DAI's volume is below its seven day average with 495,314,549.44 exchanged. 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 strong long-term technical score of 88 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Dai (DAI).

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