Disclaimer: This is not investment advice. The information provided is for general 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.
- Compound Dai is up 5.23% today against the US Dollar
- cDAI/BTC increased by 4.94% today
- cDAI/ETH increased by 9.58% today
- Compound Dai is currently trading 7.81% below our prediction on Jul 04, 2022
- Compound Dai gained 3.75% in the last month and is down -1.95% since 1 year ago
| Compound Dai price | $ 0.021152 |
| Compound Dai prediction |
$ 0.022943 (8.47%) |
| Sentiment |
Bearish |
| Fear & Greed index |
13 (Extreme Fear) |
| Key support levels | $ 0.019274, $ 0.018752, $ 0.017708 |
| Key resistance levels | $ 0.020840, $ 0.021884, $ 0.022406 |
cDAI price is expected to rise by 8.47% in the next 5 days according to our Compound Dai price prediction
Compound Dai price today is trading at $ 0.021152 after gaining 5.23% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.47% in the same time period. cDAI performed well against BTC today and recorded a 4.94% gain against the world’s largest cryptocurrency.
According to our Compound Dai price prediction, cDAI is expected to reach a price of $ 0.022943 by Jul 04, 2022. This would represent a 8.47% price increase for cDAI in the next 5 days.
cDAI Price Prediction Chart
Buy/Sell Compound Dai
What has been going on with Compound Dai in the last 30 days
Compound Dai has been displaying a positive trend recently, as the coin gained 3.75% in the last 30-days. The medium-term trend for Compound Dai has been bearish, with cDAI dropping by -3.33% in the last 3 months. The long-term picture for Compound Dai has been negative, as cDAI is currently displaying a -1.95% 1-year price change. On this day last year, cDAI was trading at $ 0.021573.
Compound Dai reached its all-time high price on Sep 17, 2020, when the price of cDAI peaked at $ 0.032174. The current cDAI cycle high is $ 0.024840, while the cycle low is at $ 0.017076. cDAI has been displaying low volatility recently – the 1-month volatility of the coin is at 4.37. Compound Dai recorded 11 green days in the last 30 days.
Compound Dai technical analysis for today – Jun 29, 2022
The sentiment in the Compound Dai markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 0.019274, $ 0.018752 and $ 0.017708, while $ 0.020840, $ 0.021884 and $ 0.022406 are the key resistance levels.
Bearish sentiment for Compound Dai
7 indicators are currently signaling a bullish prediction for Compound Dai, while 21 indicators are showing a bearish forecast. With 75% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Compound Dai.
Crypto market is currently experiencing Extreme Fear
Currently, the Fear & Greed index is at 13 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Compound Dai moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Compound Dai is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.020187 (BUY) | $ 0.019796 (BUY) | – | – |
| MA5 | $ 0.021723 (SELL) | $ 0.020520 (BUY) | – | – |
| MA10 | $ 0.021906 (SELL) | $ 0.021340 (SELL) | – | – |
| MA21 | $ 0.021673 (SELL) | $ 0.021555 (SELL) | $ 0.021444 (SELL) | $ 0.021345 (SELL) |
| MA50 | $ 0.021169 (SELL) | $ 0.021421 (SELL) | $ 0.021609 (SELL) | $ 0.021478 (SELL) |
| MA100 | $ 0.021302 (SELL) | $ 0.021375 (SELL) | $ 0.021434 (SELL) | $ 0.021462 (SELL) |
| MA200 | $ 0.021508 (SELL) | $ 0.021434 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 44.45 | NEUTRAL |
| Stoch RSI (14) | 4.78 | BUY |
| Stochastic Fast (14) | 24.99 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 14.04 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -75.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 42.17 | NEUTRAL |
| VWMA (10) | 0.02 | SELL |
| Hull Moving Average (9) | 0.02 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Compound Dai is at 44.45, suggesting that cDAI is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Compound Dai over the last 50 days. Currently, Compound Dai is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the cDAI closing price for the last 200 days. cDAI is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Compound Dai prediction
After considering the above factors, we can conclude that the current forecast for Compound Dai price prediction is Bearish. cDAI would have to increase by 8.47% to hit our $ 0.022943 target within the next five days. Moving forward, it will be important to monitor the cDAI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Compound Dai price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general 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.
