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

Tuesday, May 17, 2022 10:32 AM | InvestorsObserver Analysts

InvestorsObserver gives EDC Blockchain a weak short-term technical score of 13 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 13% 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.

InvestorsObserver is giving EDC Blockchain a 13 Short-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 $0.000601 (37.61%) above its 30-day low of $0.001597897 and -$0.007805 (-78.02%) below its 30-day high of $0.01000356. Additionally, EDC is under its average price of $0.004929508 over the past month of trading with its current price of $0.002198820. Overall, the recent trading history of EDC Blockchain suggest that traders are currently bearish on the coin. EDC Blockchain's market cap of $101,202.25 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 $28.84 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 $4.58 exchanged.

Summary

EDC Blockchain's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the coin in the near future. Click Here to get the full Report on EDC Blockchain (EDC).