Multi-Collateral Dai (DAI) Price Prediction 2024, 2025–2030

Explore short and medium-term Multi-Collateral Dai price prediction analysis and check long-term Multi-Collateral Dai forecasts for 2025, 2030, and beyond

5-Day Prediction
$?1.026274
1-Month Prediction
$?1.014489
3-Month Prediction
$?1.03597
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.999938
Price Prediction $?1.014489  (1.48%)
Fear & Greed Index 72 (Greed)
Sentiment Neutral
Volatility 0.10%
Green Days 14/30 (47%)
50-Day SMA $?0.999344
200-Day SMA $?1.00003
14-Day RSI 51.91

According to our current Multi-Collateral Dai price prediction, the price of Multi-Collateral Dai is predicted to rise by 1.48% and reach $?1.014489 by January 13, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 72 (Greed). Multi-Collateral Dai recorded 14/30 (47%) green days with 0.10% price volatility over the last 30 days. Based on the Multi-Collateral Dai forecast, it's now a good time to buy Multi-Collateral Dai.

$
≈ $?42.57

If you invest $?1,000.00 in Multi-Collateral Dai today and hold until Dec 02, 2024, our prediction suggests you could see a potential profit of $?42.57, reflecting a 4.26% ROI over the next 36 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Multi-Collateral Dai Price Targets

DatePredictionPotential ROI
Dec 15, 2023$?0.999708
0.02%
Dec 16, 2023$?0.972551
2.74%
Dec 17, 2023$?1.042006
4.21%
Dec 18, 2023$?1.024369
2.44%
Dec 19, 2023$?1.026274
2.63%

Over the next five days, Multi-Collateral Dai will reach the highest price of $?1.042006 on Dec 17, 2023, which would represent 4.21% growth compared to the current price. This follows a -0.06% price change over the last 7 days.

Multi-Collateral Dai Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Jan 2024$?0.934574$?0.997666$?1.064613
6.47%
Feb 2024$?0.953801$?1.003655$?1.052654
5.27%
Mar 2024$?0.946536$?0.999324$?1.058384
5.84%
Apr 2024$?0.946081$?1.004024$?1.053167
5.32%
May 2024$?0.957969$?1.002279$?1.045889
4.60%
Jun 2024$?0.949195$?0.997718$?1.032622
3.27%
Jul 2024$?0.943385$?1.006739$?1.067991
6.81%
Aug 2024$?0.947249$?1.003878$?1.050583
5.06%
Sep 2024$?0.965544$?1.006766$?1.054035
5.41%
Oct 2024$?0.943777$?0.995689$?1.060868
6.09%
Nov 2024$?0.947186$?1.00708$?1.063595
6.37%
Dec 2024$?0.947716$?0.99799$?1.049822
4.99%

In 2024, Multi-Collateral Dai (DAI) is anticipated to change hands in a trading channel between $?0.934574 and $?1.067991, leading to an average annualized price of $?1.001901. This could result in a potential return on investment of 6.81% compared to the current rates.

Multi-Collateral Dai Price Prediction 2024

January 2024: DAI Prediction

Potential ROI: 6.47%

February 2024: DAI Prediction

Potential ROI: 5.27%

March 2024: DAI Prediction

Potential ROI: 5.84%

April 2024: DAI Prediction

Potential ROI: 5.32%

May 2024: DAI Prediction

Potential ROI: 4.60%

June 2024: DAI Prediction

Potential ROI: 3.27%

July 2024: DAI Prediction

Potential ROI: 6.81%

August 2024: DAI Prediction

Potential ROI: 5.06%

September 2024: DAI Prediction

Potential ROI: 5.41%

October 2024: DAI Prediction

With a positive market trend seen last month, Multi-Collateral Dai is expected to prolong the trend in October. The projected monthly trading range is between $?0.943777 and $?1.060868, with the average monthly value sitting at $?0.995689, which would be a -1.10% decline compared to the previous month. This could offer investors a potential return of 6.09%.

Potential ROI: 6.09%

November 2024: DAI Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?1.00708. The expected price range lies between $?0.947186 and $?1.063595, influenced by last month's market performance. Investors may witness a potential gain of 6.37%, if they decide to buy DAI at current prices and sell it at predicted rates.

Potential ROI: 6.37%

December 2024: DAI Prediction

Multi-Collateral Dai is predicted to finish the year by changing hands in a trading channel between $?0.947716 and $?1.049822. This would entail that the price of DAI decreased by -0.19% in comparison to today’s prices (assuming December’s average price of $?0.99799). In other words, investors would generate a potential profit of 4.99% if DAI follows the prediction.

Potential ROI: 4.99%

Multi-Collateral Dai Price Prediction 2025

In 2025, Multi-Collateral Dai is forecasted to trade in a price channel between $?0.999427 and $?1.00359. On average, DAI is expected to change hands at $?1.001379 during the year. The most bullish month for DAI could be July, when the currency is anticipated to trade 0.37% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.999427$?1.001023$?1.003405
0.35%
February$?0.999457$?1.000596$?1.001519
0.16%
March$?1.000938$?1.001957$?1.002903
0.30%
April$?1.000598$?1.001358$?1.002961
0.30%
May$?1.000299$?1.000988$?1.001548
0.16%
June$?1.000598$?1.001445$?1.002407
0.25%
July$?1.001287$?1.00208$?1.00359
0.37%
August$?1.000533$?1.001385$?1.002259
0.23%
September$?1.000521$?1.001341$?1.002022
0.21%
October$?1.001093$?1.001713$?1.002203
0.23%
November$?1.000587$?1.001697$?1.002366
0.24%
December$?1.000277$?1.000971$?1.002707
0.28%

Multi-Collateral Dai Price Prediction 2026

Generally speaking, Multi-Collateral Dai price prediction for 2026 is bullish. The DAI cryptocurrency is forecasted to hit a high point of $?1.002901 in September and reach a low of $?0.997119 in September. Overall, DAI is expected to trade at an average price of $?1.001202 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.000772$?1.001384$?1.002624
0.27%
February$?1.000892$?1.001092$?1.001488
0.16%
March$?1.000997$?1.001165$?1.001588
0.17%
April$?1.000614$?1.000916$?1.001194
0.13%
May$?1.00084$?1.001085$?1.001623
0.17%
June$?1.001006$?1.001547$?1.001998
0.21%
July$?1.001117$?1.001366$?1.001674
0.17%
August$?1.000898$?1.001303$?1.002051
0.21%
September$?0.997119$?1.001417$?1.002901
0.30%
October$?1.000599$?1.00145$?1.00268
0.27%
November$?1.000543$?1.000862$?1.001713
0.18%
December$?1.000615$?1.000835$?1.001197
0.13%

Multi-Collateral Dai Price Prediction 2027

The outlook for Multi-Collateral Dai in 2027 indicates a possible uptrend, with an expected price of $?1.000577. This represents a 0.06% increase from the current price. The asset's price is projected to oscillate between $?0.982525 in March and $?1.002969 in February. Investors could see a potential ROI of 0.30%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.000796$?1.001586$?1.002589
0.27%
February$?0.999918$?1.000904$?1.002969
0.30%
March$?0.982525$?0.999012$?1.00168
0.17%
April$?0.999856$?1.000314$?1.000678
0.07%
May$?1.000273$?1.000749$?1.002417
0.25%
June$?1.000073$?1.000898$?1.001675
0.17%
July$?1.000272$?1.000678$?1.001099
0.12%
August$?1.000407$?1.000855$?1.001152
0.12%
September$?1.00053$?1.000844$?1.001223
0.13%
October$?1.000437$?1.000815$?1.001092
0.12%
November$?1.000313$?1.000625$?1.000953
0.10%
December$?0.992485$?0.999649$?1.000757
0.08%

Multi-Collateral Dai Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Multi-Collateral Dai’s value is forecasted to increase, potentially reaching an average price of $?1.011148. The price is predicted to fluctuate between a low of $?0.989957 in January and a high of $?1.035213 in September.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.989957$?1.004381$?1.016597
1.67%
February$?0.99062$?1.005886$?1.01696
1.70%
March$?0.99452$?1.008059$?1.02291
2.30%
April$?1.00013$?1.011051$?1.017213
1.73%
May$?1.001509$?1.01146$?1.01851
1.86%
June$?1.002944$?1.012306$?1.017521
1.76%
July$?1.01083$?1.017178$?1.024068
2.41%
August$?1.010037$?1.01877$?1.033004
3.31%
September$?1.003381$?1.017211$?1.035213
3.53%
October$?1.011053$?1.013443$?1.020483
2.05%
November$?1.005139$?1.009846$?1.014035
1.41%
December$?1.000655$?1.00418$?1.009605
0.97%

Multi-Collateral Dai Price Prediction 2029

Forecasts for 2029 suggest that DAI will experience a significant growth, with expected fluctuation ranging from $?0.999805 to $?1.008912. Investors might anticipate a potential ROI of 0.90%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.999805$?1.003369$?1.008508
0.86%
February$?0.99987$?1.002379$?1.004381
0.44%
March$?1.00354$?1.005637$?1.007537
0.76%
April$?1.002367$?1.003754$?1.007254
0.73%
May$?1.001712$?1.003174$?1.004446
0.45%
June$?1.002422$?1.004364$?1.006324
0.64%
July$?1.003874$?1.005625$?1.008912
0.90%
August$?1.002224$?1.003959$?1.006001
0.61%
September$?1.002198$?1.004089$?1.005483
0.55%
October$?1.00345$?1.00482$?1.005878
0.59%
November$?1.002343$?1.004787$?1.006235
0.63%
December$?1.001664$?1.003039$?1.00698
0.70%

Multi-Collateral Dai Price Prediction 2030

In the long term, Multi-Collateral Dai could reach a price of $?1.007405 in September of 2030. That’s a rather optimistic scenario, as DAI could trade as low as $?0.994755 in September. Overall, DAI’s price is projected to hover at around $?1.003689 during the year, about 0.38% above the current price of $?0.999938.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.002995$?1.004117$?1.0068
0.69%
February$?1.003009$?1.003451$?1.004314
0.44%
March$?1.003219$?1.003592$?1.004532
0.46%
April$?1.002401$?1.00308$?1.003672
0.37%
May$?1.002896$?1.003471$?1.004609
0.47%
June$?1.00326$?1.004407$?1.00543
0.55%
July$?1.003541$?1.004151$?1.005195
0.53%
August$?1.003024$?1.003889$?1.005545
0.56%
September$?0.994755$?1.004241$?1.007405
0.75%
October$?1.00237$?1.003989$?1.006921
0.70%
November$?1.002245$?1.003009$?1.004805
0.49%
December$?1.002404$?1.002866$?1.003496
0.36%

Multi-Collateral Dai Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Multi-Collateral Dai is projected to increase, with prices potentially reaching $?1.067991 by 2024. This represents a 6.81% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?1.067991 and lows of $?0.934574 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.934574$?1.001901$?1.067991
6.81%
2025$?0.999427$?1.001379$?1.00359
0.37%
2026$?0.997119$?1.001202$?1.002901
0.30%
2027$?0.982525$?1.000577$?1.002969
0.30%
2028$?0.989957$?1.011148$?1.035213
3.53%
2029$?0.999805$?1.004083$?1.008912
0.90%
2030$?0.994755$?1.003689$?1.007405
0.75%

Multi-Collateral Dai Technical Analysis

Sentiment

Neutral

Based on data from December 14, 2023 at 07:22, the general Multi-Collateral Dai price prediction sentiment is neutral , with 21 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals.

DAI price prediction was last updated on December 14, 2023 at 07:22.

Popular DAI Moving Averages and Oscillators for Sat, Oct 26, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.999211BUY
SMA 5$?0.999492BUY
SMA 10$?0.999073BUY
SMA 21$?0.998758BUY
SMA 50$?0.999344BUY
SMA 100$?0.999789BUY
SMA 200$?1.00003SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.999005BUY
EMA 5$?0.99922BUY
EMA 10$?0.999236BUY
EMA 21$?0.999066BUY
EMA 50$?0.999267BUY
EMA 100$?0.999594BUY
EMA 200$?0.999852BUY

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?0.999787BUY
SMA 50$?1.00002SELL
SMA 100$?1.00048SELL
SMA 200$?1.00281SELL

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.999404BUY
EMA 50$?0.999935BUY
EMA 100$?1.00051SELL
EMA 200$?1.00125SELL

Multi-Collateral Dai Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)51.91NEUTRAL
Stoch RSI (14)62.99NEUTRAL
Stochastic Fast (14)30.76NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)28.01SELL
Awesome Oscillator (5, 34)0.00NEUTRAL
Momentum (10)0.00NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-69.24NEUTRAL
Ultimate Oscillator (7, 14, 28)34.05NEUTRAL
VWMA (10)1.00BUY
Hull Moving Average (9)1.00SELL
Ichimoku Cloud B/L (9, 26, 52, 26)1.00NEUTRAL

Multi-Collateral Dai Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.999254, Multi-Collateral Dai has support levels of $?0.998215, $?0.997424, and the strongest at $?0.996385. Similarly, Multi-Collateral Dai resistance levels are at $?1.000044, $?1.001084, and $?1.001874.

Support Levels

#PriceStrength
S1$?0.998215  
S2$?0.997424  
S3$?0.996385  

Resistance Levels

#PriceStrength
R1$?1.000044  
R2$?1.001084  
R3$?1.001874  

Multi-Collateral Dai Correlation

Over the past 7 days, Multi-Collateral Dai price was most positively correlated with the price of OKB (OKB), Cardano (ADA), TRON (TRX), EOS (EOS) and Stellar (XLM) and most negatively correlated with the price of Maker (MKR), IOTA (MIOTA), NEM (XEM), Ethereum Classic (ETC) and Bitcoin Cash (BCH).

Positively Correlated Currencies

NameCorrelation
0.399
0.280
0.264
0.202
0.179

Negatively Correlated Currencies

NameCorrelation
-0.111
-0.057
-0.048
-0.034
-0.007

Multi-Collateral Dai price is positively correlated with the top 10 coins by market cap with a price of 0.147, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.088.

Currencies that are positively correlated with Multi-Collateral Dai indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Multi-Collateral Dai, a move in one direction for Multi-Collateral Dai would translate into a move in the opposite direction for the negatively correlated coin.

Multi-Collateral Dai Price Prediction FAQ

What is Multi-Collateral Dai's price prediction today?

Based on our Multi-Collateral Dai prediction chart, the price of Multi-Collateral Dai will increase by 0.00% and reach $?0.999708 by Dec 15, 2023.

What is Multi-Collateral Dai price prediction for tomorrow?

Multi-Collateral Dai is predicted to gain 0.00% and reach a price of $?0.999708 tomorrow.

What is the Multi-Collateral Dai price prediction for this week?

According to our Multi-Collateral Dai price prediction, DAI is forecasted to trade within a price range of $?0.999708 and $?0.972551 this week. Multi-Collateral Dai will decrease by -2.72% and reach $?0.972551 by Dec 16, 2023 if it reaches the higher value target.

What is the Multi-Collateral Dai price prediction for next week?

The Multi-Collateral Dai price prediction for next week is between $?0.972551 on the lower end and $?1.029832 on the high end. Based on our DAI price prediction chart, the price of Multi-Collateral Dai will increase by 5.89% and reach $?1.029832 by Dec 23, 2023 if it reaches the upper price target.

What is the Multi-Collateral Dai price prediction for 2024?

Multi-Collateral Dai is forecasted to trade within a range of $?0.934574 and $?1.064613. If it reaches the upper price target, DAI could increase by 6.47% and reach $?1.064613.

What is the Multi-Collateral Dai price prediction for 2025?

According to our Multi-Collateral Dai price prediction, DAI is forecasted to trade within a price range of $?0.934574 and $?1.067991 next year. Multi-Collateral Dai will increase by 6.81% and reach $?1.067991 if it reaches the higher value target for 2025.

What is the Multi-Collateral Dai price prediction for 2030?

The Multi-Collateral Dai price prediction for 2030 is between $?0.999805 on the lower end and $?1.008912 on the high end. Based on our DAI price prediction chart, the price of Multi-Collateral Dai could gain 0.90% and reach $?1.008912 if it reaches the upper price target.

Will Multi-Collateral Dai reach $10?

Multi-Collateral Dai would need to gain 900.06% to reach $10. According to our Multi-Collateral Dai prediction algorithm, the price of Multi-Collateral Dai will not reach $10. The highest expected price our algorithm estimates is $?1.067991 by 2024.

Will Multi-Collateral Dai reach $100?

Multi-Collateral Dai would need to gain 9,900.62% to reach $100. According to our Multi-Collateral Dai prediction algorithm, the price of Multi-Collateral Dai will not reach $100. The highest expected price our algorithm estimates is $?1.067991 by 2024.

Will Multi-Collateral Dai reach $1,000?

Multi-Collateral Dai would need to gain 99,906.22% to reach $1,000. According to our Multi-Collateral Dai prediction algorithm, the price of Multi-Collateral Dai will not reach $1,000. The highest expected price our algorithm estimates is $?1.067991 by 2024.

What is the current Multi-Collateral Dai sentiment?

The current Multi-Collateral Dai sentiment is neutral according to our technical analysis.

What is the Multi-Collateral Dai Fear & Greed Index and what does it indicate?

Currently, the Multi-Collateral Dai Fear & Greed Index stands at 72, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Multi-Collateral Dai investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Multi-Collateral Dai?

Over the last 30 days, Multi-Collateral Dai had 14/30 (47%) green days. According to our historical data, it is currently profitable to invest in Multi-Collateral Dai. The price of Multi-Collateral Dai decreased by -0.02% in the last 1 year, while the coin’s 3-year performance is 0.18%.

Is Multi-Collateral Dai a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Multi-Collateral Dai in 2024 is neutral. This could be an indication that Multi-Collateral Dai is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Multi-Collateral Dai or not.

What will the price of Multi-Collateral Dai be next week?

According to our Multi-Collateral Dai forecast, the price of Multi-Collateral Dai will increase by 2.66% over the next week and reach $?1.026274 by December 19, 2023.

What will the price of Multi-Collateral Dai be next month?

According to our Multi-Collateral Dai forecast, the price of Multi-Collateral Dai will increase by 1.48% over the next month and reach $?1.014489 by January 13, 2024.

What is Multi-Collateral Dai's 50-Day SMA and what does it indicate?

Multi-Collateral Dai’s 50-day SMA (simple moving average) is currently $?0.999344. The 50-day SMA indicates the average price of Multi-Collateral Dai over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive DAI price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Multi-Collateral Dai's 200-Day SMA and what does it indicate?

Multi-Collateral Dai’s 200-day SMA is currently $?1.00003. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Multi-Collateral Dai 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that DAI has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Multi-Collateral Dai price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Multi-Collateral Dai’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Multi-Collateral Dai's 14-day RSI and what does it indicate?

Multi-Collateral Dai’s 14-day RSI is at 51.91, indicating that DAI is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Multi-Collateral Dai. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Multi-Collateral Dai go back up?

Based on our algorithmically generated price prediction for Multi-Collateral Dai, the price of DAI is expected to decrease by 1.48% in the next month and reach $?1.014489 on Jan 13, 2024. Additionally, Multi-Collateral Dai’s price is forecasted to lose -2.03% in the next six months and reach $?0.979453 on Jun 11, 2024. Finally, Multi-Collateral Dai is expected to trade at $?0.997942 on Dec 13, 2024, following a -0.18% value increase in one year.

How does our price prediction for Multi-Collateral Dai work?

The Multi-Collateral Dai price prediction on CoinCodex is calculated using the historical Multi-Collateral Dai price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Multi-Collateral Dai prediction.

How to read and predict Multi-Collateral Dai price movements?

Multi-Collateral Dai traders use a variety of tools to try and determine the direction in which the DAI market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Multi-Collateral Dai price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Multi-Collateral Dai Price Prediction Indicators

Moving averages are among the most popular Multi-Collateral Dai price prediction tools. As the name suggests, a moving average provides the average closing price for DAI over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for DAI is a sum of DAI’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the DAI price moves above any of these averages, it is generally seen as a bullish sign for Multi-Collateral Dai. Conversely, a drop below an important moving average is usually a sign of weakness in the DAI market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the DAI price.

How to read Multi-Collateral Dai charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Multi-Collateral Dai with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Multi-Collateral Dai’s price action in 1-hour chunks. Each candlestick will display DAI’s opening price, closing price, as well as the highest and lowest prices that Multi-Collateral Dai reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Multi-Collateral Dai?

Just like with any other asset, the price action of Multi-Collateral Dai is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of DAI. The market capitalization of Multi-Collateral Dai can change significantly in a short period of time.

When trying to make a Multi-Collateral Dai forecast, many traders also try to monitor the activity of DAI “whales”, which are entities and individuals that control large amounts of DAI. Since the Multi-Collateral Dai market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Multi-Collateral Dai’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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Multi-Collateral Dai
$?0.999938
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