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EDC Blockchain (EDC) What Does the Chart Say Monday?

Monday, May 23, 2022 05:16 PM | InvestorsObserver Analysts
EDC Blockchain (EDC) What Does the Chart Say Monday?

EDC Blockchain receives a strong short-term technical score of 97 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. EDC holds a better recent technical analysis than 97% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 97
InvestorsObserver is giving EDC Blockchain a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

Trading Analysis

EDC Blockchain is $0.003697 (231.37%) higher than its 30-day low price of $0.001597897 while also -$0.003708 (-41.19%) lower than its high of $0.00900333 from the past month of trading. Meanwhile, EDC's current price of $0.005294980 is above its average price of $0.004322295 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of EDC Blockchain suggest that traders are currently bullish on the coin.
EDC has a relatively low market cap for a coin with a total market value of $243,705.20. 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 $121.94 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 $26.76 exchanged.

Summary

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

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