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Edgeless (EDG): How Does the Chart Look Wednesday?

Wednesday, July 06, 2022 09:04 AM | InvestorsObserver Analysts
Edgeless (EDG): How Does the Chart Look Wednesday?

Edgeless receives a strong long-term technical score of 68 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. EDG currently holds a superior long-term technical analysis score than 68% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 68
InvestorsObserver is giving Edgeless a 68 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Edgeless!

Trading Analysis

Edgeless's price is -$0.0060059 (-31.39%) below its 100-day moving average price of $0.019132366 as its price at the moment sits at $0.013126513. Additionally, EDG is $0.0101404 (-367927.70%) higher than its 52-week low price of $0.002986150 while -$0.05322600 (-15051.24%) under its 52-week high of $0.066352509. The current trading price in relation to its long-term average along with its 52-week high and low, gives EDG a strong long-term technical score of 68. Long-term trading movement of Edgeless suggest that investors are neutral on the token at the moment. Edgeless has a total market value of $1,603,363.73 with an low average daily volume of $347.00 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, EDG's volume is below its average with $45.85 exchanged in total. This token'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

Trading patterns over the last year for Edgeless leads to the token's a strong long-term technical score of 68 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Edgeless (EDG).

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