InvestorsObserver gives Dai a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won't make or break its rank.
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 well positioned going forward. With support around $0.998611019052435 and resistance around $1. This leaves Dai with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter