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

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 Bullish 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.

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Based on the historical price movements of Multi-Collateral Dai and the BTC halving cycles, the yearly low Multi-Collateral Dai price prediction for 2025 is estimated at $ 0.934574. Meanwhile, the price of Multi-Collateral Dai is predicted to reach as high as $ 1.067991 next year. Using the same basis, here is the Multi-Collateral Dai price prediction for each year up until 2030.

Multi-Collateral Dai price prediction 2025

The Multi-Collateral Dai price prediction for 2025 is currently between $ 0.934574 on the lower end and $ 1.067991 on the high end. Compared to today’s price, Multi-Collateral Dai could gain 6.71% by 2025 if DAI reaches the upper price target.

Multi-Collateral Dai price prediction 2030

The Multi-Collateral Dai price prediction for 2030 is currently between $ 0.999805 on the lower end and $ 1.008912 on the high end. Compared to today’s price, Multi-Collateral Dai could gain 0.80% by 2030 if it reaches the upper price target.

Popular DAI Moving Averages and Oscillators for Sun, Sep 15, 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).

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.

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.

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).

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.

To get a better idea of what could happen to the Multi-Collateral Dai price in the future, it’s helpful to also explore Multi-Collateral Dai’s price history. In the last month, the DAI/USD pair is down .

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.