Is Venus DAI (vDAI) Trending Lower or Higher Monday?

Monday, January 30, 2023 11:18 AM | InvestorsObserver Analysts

Venus DAI receives a weak short-term technical score of 12 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. vDAI holds a better recent technical analysis than 12% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Venus DAI a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus DAI!

See Full Report

Trading Analysis

Venus DAI is $0.000092 (0.43%) above its 30-day low of $0.021529084 while -$0.000035 (-0.16%) below its 30-day high of $0.02165527. In addition, vDAI's current price of $0.021620613 is above its 30-day moving average price of $0.021585599, leading to a weak short-term technical score. Overall the recent trading history of Venus DAI suggest that investors are bearish on the token at the moment. Currently, volume and market capitalization data for vDAI are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as Venus DAI extra intriguing. Venus DAI's subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).

Summary

vDAI's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Venus DAI (vDAI).