EDC Blockchain (EDC), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, June 27, 2022 01:29 PM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has fallen 42.88% to $0.003996392974.

InvestorsObserver is giving EDC Blockchain a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

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Highly Volatile

InvestorsObserver gives EDC Blockchain a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. EDC's high volatility reading is coupled 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 favorably positioned going forward. With support at $0.00203072929815636 and resistance around $0.00553013056577431. This leaves 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.