Edgeless (EDG): Does it Score Well on Short-Term Trading Metrics Friday?

Friday, January 28, 2022 08:48 AM | InvestorsObserver Analysts

InvestorsObserver gives Edgeless a strong short-term technical score of 96 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. EDG has currently traded better than 96% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Edgeless a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Edgeless!

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Trading Analysis

Edgeless is $0.018306 (86.39%) above its 30-day low of $0.021188838 while -$0.005652 (-12.52%) below its 30-day high of $0.04514662. In addition, EDG's current price of $0.039494514 is above its 30-day moving average price of $0.028431676, leading to a strong short-term technical score. Overall the recent trading history of Edgeless suggest that investors are bullish on the token at the moment. EDG has a relatively low market cap for a token with a total market value of $4,824,135.07. Edgeless'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. Edgeless's average volume meanwhile is low with $17,344.28 worth of the token traded over a typical 24 hour period. EDG'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, EDG's volume is below its average with $2,708.37 exchanged. Edgeless's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

Edgeless's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on Edgeless (EDG).