Venus DAI (vDAI), Low Volatility but Rising Friday: Is it Time to Cash Out?

Friday, November 04, 2022 10:24 AM | InvestorsObserver Analysts

Venus DAI (vDAI) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Stablecoins has added 0.07% to $0.02151709905.

InvestorsObserver is giving Venus DAI a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Venus DAI!

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Low Volatility

InvestorsObserver gives Venus DAI a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. vDAI's low volatility reading is paired 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.

Venus DAI price is trading near resistance. With support around $0.0214800212700508 and resistance near $0.0215244341809891. This leaves Venus DAI with potential selling pressures ahead as it may be getting over extended.