DAO Maker Price Prediction: DAO On Vital Support, Rise or Fall?

• As per the Dao Maker price prediction, the DAO coin price decreased by 3.2% in the last 24 hours.
• The market capitalization of the DAO coin is $121.20 Million.
• The DAO coin price is trading at $0.84184 and the 52-week price bound range is $0.764723 – $8.71.

The DAO Maker price prediction highlights that the coin is trading at the current level of $0.3892 in a tight narrow range between the demand and supply zone. DAO needs to gather the bulls’ power with great momentum to surge above the resistance levels. This month the DAO coin price trend was bearish as the price was down by 24.93%. The DAO coin underperformed this month. The DAO coin price has seen an increment in its price by 2.75% in the last six months which highlights its marginal good performance. Moreover, the DAO Maker price year-to-date return is positive with an increase of 2.82%.

DAO Maker Price Technical Analysis

Source:  DAO /USD.1D.CRYPTO by TradingView

The DAO Maker price prediction indicates that the amount of DAO coin price traded in a day is $1,328,559. As observed, the trading activity is poor in the DAO coin, highlighting the lack of the bull’s interest.
The DAO price has respected its significant trendline forming a downward channel by making lower lows and higher highs highlighting that the price might go in the downward direction. As examined, the coin’s volume lacks bull’s interest and resistance is high as the price is below major EMA’s. The price is going toward major support. If the price breaks the support line, it will move downward toward the next support.

On the day of publishing, the DAO Maker price is trying for a breakout from the current level on the 1D chart. The DAO crypto coin price is trading below the 20, 50, 100 & 200-day EMA (exponential moving average), which is rejecting the DAO  coin price downwards. There is a high possibility that the worth of the DAO crypto coin price might decrease more in the forthcoming week if the bears come into action again.

Source:  DAO /USD.1D.CRYPTO by TradingView

The MACD indicator summarizes the downtrend momentum of the DAO coin price. The MACD line is above the signal line waiting for any type of crossover. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at -0.05080  and signal line at -0.06504 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.

The current value of RSI is 36.45 points. The 14 SMA line is below the median line at 36.05 points which indicates a downward direction and bearish sentiment in the market. As the price is heading toward oversold territory, the market is encountering bearish sentiment.

The technical parameters of the DAO coin suggest the continuation of the downtrend over the daily time frame chart. The DAO coin price reflects a pessimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt negative signals about the DAO coin price.

Extraction

The DAO Maker price prediction highlights the sentiments and perspectives of investors and traders regarding the DAO coin price being bearish in the 1D timeframe. The DAO coin price reflects a pessimistic view at the time of publishing. The technical parameters for the DAO crypto coin price indicate bearish pressure.

Technical Levels

• The nearest support level is $0.79426.
• The nearest resistance level is $0.91228.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.