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Dai (DAI), Low Volatility but Falling Friday: Is it Time to Cash Out?

Friday, July 29, 2022 06:04 AM | InvestorsObserver Analysts
Dai (DAI), Low Volatility but Falling Friday: Is it Time to Cash Out?

Dai (DAI) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Stablecoins has fallen 0.01% to $0.9997383514.

volatility - 1
InvestorsObserver is giving Dai a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dai!

Low Volatility

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.

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