Is ReddCoin (RDD) Heading the Right Direction Saturday?

ReddCoin receives a strong short-term technical ranking of 96 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. RDD has a superior recent technical analysis than 96% 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 ReddCoin a 96 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

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Trading Analysis

ReddCoin is $0.000267 (142.54%) above its 30-day low of $0.000187297 while -$0.000215 (-32.11%) below its 30-day high of $0.00066909. In addition, RDD's current price of $0.000454262 is above its 30-day moving average price of $0.000371553, leading to a strong short-term technical score. Overall the recent trading history of ReddCoin suggest that investors are bullish on the coin at the moment. RDD has a relatively average market cap for a coin with a total market value of $13,808,313.44. The market valuation for ReddCoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and RDD sits underneath that mark but remains above $100 million in market capilization. ReddCoin's average volume meanwhile is average with $58,010.26 worth of the coin traded over a typical 24 hour period. The volume for RDD 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. As of the past 24 hours, RDD's volume is below its average with $8,363.30 exchanged. ReddCoin'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 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 ReddCoin (RDD).