Venus DAI (VDAI): How Does the Chart Look Sunday?

Sunday, November 06, 2022 06:18 AM | InvestorsObserver Analysts

Venus DAI receives a strong short-term technical ranking of 81 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. vDAI has a superior recent technical analysis than 81% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Venus DAI a 81 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus DAI!

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Trading Analysis

vDAI is currently $0.000081 (0.38%) above its 30-day low of $0.021423832 and -$0.000031 (-0.14%) below its 30-day high of $0.02153563. Additionally, vDAI is above its average price of $0.021480165 over the past month of trading with its current price of $0.021504553. Overall, the recent trading history of Venus DAI suggest that traders are currently bullish on the token. vDAI has a average market cap compared to the majority of tokens with a total market value of $5,903,808.77. The market valuation for Venus DAI is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vDAI sits underneath that mark but remains above $100 million in market capilization. Venus DAI's average volume is average as $3,354,573.60 worth of the token is typically traded over a 24 hour period. The volume for vDAI is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours vDAI's volume is below its average with $500,830.89 exchanged. 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 strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Venus DAI (vDAI).