Is DeFi Pulse Index Breaking Out Of The Downward Spiral? $DPI Price Breaks Above $125
However, trading volume tells a different story. The 24-hour volume for $DPI is $48.7K, a decrease of 26% from the previous day, indicating a recent dip in market activity.
The DeFi Pulse Index tracks the performance of leading DeFi assets, providing a simple means of participation for investors in this fast-paced sector. $DPI tokens are on DEXs; Uniswap V2 (Ethereum) boasts the most popular trading platform for $DPI and has seen a 24-hour volume of $46,7K.
for $DPI presents a mixed bag of signals, making it challenging to draw a definitive conclusion about its short-term trajectory.
Analyzing the 4-hour chart shows that oscillators are generally in a neutral sentiment. The Relative Strength Index is at 52, meaning that neither overbought nor oversold conditions prevail.
The Commodity Channel Index, Average Directional Index, Williams Percent Range, Bull Bear Power, or Ultimate Oscillator all come out neutral. Such a weak momentum in both directions may be indicative of the consolidation of $DPI in the price stabilization mode without an evident trend to the upside or downside.