EDC Blockchain (EDC): How Does the Chart Look Sunday?

Sunday, July 10, 2022 10:25 AM | InvestorsObserver Analysts

EDC Blockchain receives a weak long-term technical score of 7 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, EDC holds a superior long-term technical analysis score than 7% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving EDC Blockchain a 7 Long-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 -$0.0030127 (-52.75%) below its 100-day moving average price of $0.005711420 with its current price of $0.002698747. Meanwhile, EDC Blockchain is $0.0013850 (-837065.43%) above its 52-week low price of $0.001313792 and -$0.02326734 (-38501.37%) below its 52-week high of $0.025966089. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 7. Trends for the long-term trading history of EDC Blockchain suggest that traders are currently bearish on the coin. EDC Blockchain currently has a total market cap of $124,211.75 to go along with its average daily volume of $852.53 worth of the currency over the past seven days. EDC's volume is below its seven day average as of the past 24 hours, with 124.49 exchanged in that period.

Summary

EDC's historical trading over the past year gives it a a weak long-term technical score of 7 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on EDC Blockchain (EDC).