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Is EDC Blockchain (EDC) Heading the Wrong Direction Sunday?

Sunday, January 02, 2022 07:24 AM | InvestorsObserver Analysts
Is EDC Blockchain (EDC) Heading the Wrong Direction Sunday?

InvestorsObserver gives EDC Blockchain a strong short-term technical score of 95 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. EDC has currently traded better than 95% of coins 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.

Short-Term Technical - 95
InvestorsObserver is giving EDC Blockchain a 95 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 $0.008976 (305.39%) higher than its 30-day low price of $0.002939241 while also -$0.006445 (-35.10%) lower than its high of $0.01836015 from the past month of trading. Meanwhile, EDC's current price of $0.011915291 is above its average price of $0.010634337 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 Blockchain's market cap of $548,409.72 is relatively low for a coin. 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. Meanwhile, EDC's average volume is low with $3,488.66 worth of the coin traded over an average 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. Over the last 24 hours, EDC's volume is below its usual with $546.55 exchanged.

Summary

EDC Blockchain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on EDC Blockchain (EDC).

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