Dai (DAI) Falls 0%, Outperforms the Crypto Market Monday

Monday, June 05, 2023 09:20 AM | InvestorsObserver Analysts

Dai (DAI) has been relatively less volatile when compared to other cryptocurrencies. So far Monday, the Stablecoins has lost 0.04% to $0.9992974243.

InvestorsObserver is giving Dai a 2 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dai!

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Low Volatility

InvestorsObserver gives Dai a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.

The Volatility Gauge analyzes 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 is coupled 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 near $0.998267342454516 and resistance near $0.999957193738543. This leaves Dai with room to run before facing selling pressures.