Is EDC Blockchain (EDC) Trending Lower or Higher Sunday?

Sunday, August 07, 2022 08:22 AM | InvestorsObserver Analysts

EDC Blockchain receives a strong short-term technical ranking of 84 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. EDC has a superior recent technical analysis than 84% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving EDC Blockchain a 84 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 Blockchain is $0.001710 (132.57%) higher than its 30-day low price of $0.001290076 while also -$0.004145 (-58.01%) lower than its high of $0.00714492 from the past month of trading. Meanwhile, EDC's current price of $0.003000356 is above its average price of $0.002489236 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 low market cap compared to the majority of coins with a total market value of $138,093.50. 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 is low as $80.42 worth of the coin is typically traded over a 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 past 24 hours EDC's volume is below its average with $12.34 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).