Is HedgeTrade (HEDG) Heading the Right Direction Friday?

InvestorsObserver gives HedgeTrade a strong short-term technical score of 98 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. HEDG has currently traded better than 98% of tokens 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 HedgeTrade a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on HedgeTrade!

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Trading Analysis

HedgeTrade is $0.89 (149.29%) higher than its 30-day low price of $0.60 while also -$1.34 (-47.30%) lower than its high of $2.83 from the past month of trading. Meanwhile, HEDG's current price of $1.49 is above than its average price of $0.79 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of HedgeTrade suggest that traders are currently bullish on the token. HEDG has a average market cap compared to the majority of tokens with a total market value of $520,585,643.40. The market valuation for HedgeTrade is relatively average due to the largest 100 cryptos having a market cap above $1 billion and HEDG sits underneath that mark but remains above $100 million in market capilization. HedgeTrade's average volume is average as $4,571,598.26 worth of the token is typically traded over a 24 hour period. The volume for HEDG is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours HEDG's volume is below its average with $4,167,495.68 exchanged. HedgeTrade's subclass Marketplace: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.

Summary

HedgeTrade's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future. Click Here to get the full Report on HedgeTrade (HEDG).