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

Saturday, July 09, 2022 09:19 AM | InvestorsObserver Analysts

EDC Blockchain (EDC) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has gained 67.24% to $0.004997369088.

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 tracks 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 trading near resistance. With support at $0.00112598082212593 and resistance set at $0.00592308952635016. This positions EDC Blockchain with potential selling pressures ahead as it may be getting over extended.

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.