Dai (DAI) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Stablecoins has added 0.21% to $0.9996438962.
Low VolatilityInvestorsObserver gives Dai a low volatility rank of 8, placing it in the bottom 8% of cryptos on the market.
The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. 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 trading near resistance. With support at $0.993511230476018 and resistance at $1. This positions Dai with potential selling pressures ahead as it may be getting over extended.