What do the Short-Term Technicals Predict for Venus DAI (vDAI) Friday?

Friday, March 29, 2024 08:09 AM | InvestorsObserver Analysts

InvestorsObserver gives Venus DAI a strong short-term technical score of 78 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. vDAI has currently traded better than 78% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Venus DAI a 78 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

Venus DAI is $0.000337 (1.48%) higher than its 30-day low price of $0.022841992 while also -$0.000006 (-0.03%) lower than its high of $0.02318541 from the past month of trading. Meanwhile, vDAI's current price of $0.023179451 is above its average price of $0.023025676 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Venus DAI suggest that traders are currently bullish on the token. Venus DAI's market cap of $6,363,631.38 is relatively average for a token. 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. Meanwhile, vDAI's average volume is average with $27,948,641.68 worth of the token traded over an average 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 last 24 hours, vDAI's volume is below its usual with $4,075,349.71 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

Venus DAI's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Venus DAI (vDAI).