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Is ReddCoin (RDD) Trending Lower or Higher Thursday?

Thursday, September 15, 2022 06:49 AM | InvestorsObserver Analysts
Is ReddCoin (RDD) Trending Lower or Higher Thursday?

ReddCoin receives a weak long-term technical score of 5 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. RDD currently holds a superior long-term technical analysis score than 5% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 5
InvestorsObserver is giving ReddCoin a 5 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 -$0.0001694 (-45.69%) below its 100-day moving average price of $0.000370808 with its current price of $0.000201370. Meanwhile, ReddCoin is $0.0000182 (-6003807.73%) above its 52-week low price of $0.000183214 and -$0.00326797 (-288233.13%) below its 52-week high of $0.003469344. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 5. Trends for the long-term trading history of ReddCoin suggest that traders are currently bearish on the coin. ReddCoin currently has a total market cap of $6,121,087.25 to go along with its average daily volume of $166,427.16 worth of the currency over the past seven days. RDD's volume is below its seven day average as of the past 24 hours, with 24,315.37 exchanged in that period. 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

Technical analysis of ReddCoin over the past year results in the crypto receiving a a weak long-term technical score of 5 as its price movement in that time has given traders 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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