Dai (DAI) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Stablecoins has advanced 0.02% to $0.9997795515.
Low Volatility
InvestorsObserver gives Dai a low volatility rank of 2, placing it in the bottom 2% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
DAI's low volatility reading comes 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.
Dai price is well positioned going forward. With support around $0.998739737456252 and resistance at $1. This positions Dai with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
