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Dai (DAI) Receives a Bullish Rating Wednesday: Is it Time to Get on Board?

Wednesday, February 28, 2024 09:58 AM | InvestorsObserver Analysts
Dai (DAI) Receives a Bullish Rating Wednesday: Is it Time to Get on Board?

Dai (DAI) gets a bullish rating from InvestorsObserver Wednesday. The Stablecoins asset is up 0.03% to $1 while the broader crypto market is up 38.3%.

Sentiment Score - ,
Dai has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Dai!

Bullish

Over the last five days, Dai has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Dai over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Dai is currently trading near its midpoint for the past five-days. The Stablecoins asset is 0.04% off its five-day high and is 0.06% higher than its five-day low of $0.999388754367828.

Dai price is trading near resistance. With support set around $0.999401471150138 and resistance at $1, could face selling pressures soon.

Dai has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Dai

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