EDC Blockchain (EDC): Does it Score Well on Short-Term Trading Metrics Wednesday?

Wednesday, July 06, 2022 01:01 PM | InvestorsObserver Analysts

EDC Blockchain receives a weak short-term technical ranking of 1 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. EDC has a superior recent technical analysis than 1% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving EDC Blockchain a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

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Trading Analysis

EDC is currently $0.001048 (29.96%) above its 30-day low of $0.003497983 and -$0.004445 (-49.44%) below its 30-day high of $0.00899080. Additionally, EDC is under its average price of $0.005695811 over the past month of trading with its current price of $0.004546084. Overall, the recent trading history of EDC Blockchain suggest that traders are currently bearish on the coin. EDC has a relatively low market cap for a coin with a total market value of $209,236.76. EDC Blockchain's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. EDC Blockchain's average volume meanwhile is low with $1,317.59 worth of the coin traded over a typical 24 hour period. EDC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, EDC's volume is below its average with $174.56 exchanged.

Summary

EDC's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on EDC Blockchain (EDC).