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Dai (DAI) Receives a Neutral Rating Friday: Is it Time to Jump Ship?

Friday, December 31, 2021 01:10 PM | InvestorsObserver Analysts
Dai (DAI) Receives a Neutral Rating Friday: Is it Time to Jump Ship?

Dai (DAI) gets a neutral rating from InvestorsObserver Friday. The Stablecoins asset is down 0.05% to $0.999102631 while the broader crypto market is down 0.09%.

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

Neutral

Over the last five days, Dai has earned a Neutral 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 0.61% off its five-day high and is 0.71% higher than its five-day low of $0.992049932479858.

Dai price is well positioned between support and resistance. With support set around $0.996176185970926 and resistance at $1, has some room to run before facing resistance.

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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