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Is ReddCoin (RDD) Heading the Right Direction Monday?

Monday, July 11, 2022 10:55 AM | InvestorsObserver Analysts
Is ReddCoin (RDD) Heading the Right Direction Monday?

InvestorsObserver gives ReddCoin a weak long-term technical score of 25 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. RDD at this time has a superior long-term technical analysis score than 25% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 25
InvestorsObserver is giving ReddCoin a 25 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

Trading Analysis

RDD is currently -$0.0002657 (-56.51%) below its 100-day moving average price of $0.000470191 with its current price of $0.000204507. Meanwhile, ReddCoin is $0.0000213 (-6003806.01%) above its 52-week low price of $0.000183214 and -$0.00368958 (-256794.16%) below its 52-week high of $0.003894090. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 25. Trends for the long-term trading history of ReddCoin suggest that traders are currently bearish on the coin. ReddCoin has a total market value of $6,216,448.03 with an low average daily volume of $32,349.78 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RDD's volume is below its average with $4,802.65 exchanged in total. This coin's subclass Content: Crypto projects with a focus on producing additional content for users invested into the underlying ecosystem. Content creators can use blockchain technology distribute content to a group of subscribers or investors.

Summary

RDD's historical trading over the past year gives it a a weak long-term technical score of 25 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on ReddCoin (RDD).

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