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

Wednesday, July 13, 2022 02:58 PM | InvestorsObserver Analysts

EDC Blockchain receives a weak short-term technical ranking of 6 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 6% 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 6 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 $0.001299 (81.27%) above its 30-day low of $0.001598730 and -$0.006093 (-67.77%) below its 30-day high of $0.00899080. Additionally, EDC is under its average price of $0.005088954 over the past month of trading with its current price of $0.002897945. Overall, the recent trading history of EDC Blockchain suggest that traders are currently bearish on the coin. EDC Blockchain's market cap of $133,379.97 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 $2,566.70 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 $344.47 exchanged.

Summary

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