Dai (DAI): How Does it Rank Thursday on Long-Term Trading Metrics?

Thursday, March 28, 2024 06:44 AM | InvestorsObserver Analysts

InvestorsObserver gives Dai an average long-term technical score of 55 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. DAI at this time has a superior long-term technical analysis score than 55% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Dai a 55 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dai!

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Trading Analysis

Dai's price is $0.0000000 (0.02%) 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 (-1008.70%) higher than its 52-week low price of $0.990000000 while $0.00000000 (-897.42%) under its 52-week high of $1.000000000. 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 55. Long-term trading movement of Dai suggest that investors are neutral on the token at the moment. Dai has a market capitalization of $5,348,802,816.71 and a relatively high average daily volume with $5,503,601,767.85 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 1,125,091,751.92 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 an average long-term technical score of 55 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).