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Dai (DAI): How Does the Chart Look Thursday?

Thursday, January 13, 2022 03:12 PM | InvestorsObserver Analysts
Dai (DAI): How Does the Chart Look Thursday?

Dai receives an average long-term technical score of 59 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, DAI holds a superior long-term technical analysis score than 59% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Long-Term Technical - 59
InvestorsObserver is giving Dai a 59 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dai!

Trading Analysis

The current trading price of $1.000000000 for DAI is $0.0000000 (-0.21%) below the tokens 100-day moving average of $1.000000000. DAI meanwhile is $0.0200000 (-1020.82%) above its 52-week low of $0.980000000 and -$2.67000000 (-245.39%) under its 52-week high price of $3.670000000. Dai's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 59. The price movement and range of DAI suggest that investors are neutral on the token at this time. Dai currently has a total market cap of $9,452,687,099.87 to go along with its average daily volume of $3,443,331,185.21 worth of the currency over the past seven days. DAI's volume is below its seven day average as of the past 24 hours, with 459,177,145.45 exchanged in that period. 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 59 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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