Should You Sell Dai (DAI) Wednesday?

Dai receives a strong long-term technical score of 88 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, DAI holds a superior long-term technical analysis score than 88% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Dai a 88 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Dai!

See Full Report

Trading Analysis

The current trading price of $1.000000000 for DAI is $0.0000000 (-0.01%) below the tokens 100-day moving average of $1.000000000. DAI meanwhile is $0.0200000 (-1020.61%) above its 52-week low of $0.980000000 and -$2.67000000 (-245.33%) under its 52-week high price of $3.670000000. Dai's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 88. The price movement and range of DAI suggest that investors are neutral on the token at this time. Dai currently has a total market cap of $9,702,176,959.30 to go along with its average daily volume of $4,038,947,465.49 worth of the currency over the past seven days. DAI's volume is below its seven day average as of the past 24 hours, with 553,726,221.10 exchanged in that period. This token'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

Technical analysis of Dai over the past year results in the crypto receiving a a strong long-term technical score of 88 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Dai (DAI).