EDC Blockchain (EDC) Down 0.46% Sunday: What's Next?

Sunday, July 03, 2022 07:15 AM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has dropped 45.54% to $0.004895268285.

InvestorsObserver is giving EDC Blockchain a 93 Volatility Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

See Full Report

Highly Volatile

InvestorsObserver gives EDC Blockchain a high volatility rank of 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. EDC's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

EDC Blockchain price is well positioned going forward. With support set at $0.00224214267124298 and resistance around $0.00673773778741124. This positions EDC Blockchain with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.