ReddCoin (RDD): Does it Score Well on Short-Term Trading Metrics Wednesday?

ReddCoin receives a strong short-term technical ranking of 77 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 77% 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 77 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

RDD is currently $0.000107 (54.59%) above its 30-day low of $0.000196008 and -$0.000416 (-57.85%) below its 30-day high of $0.00071889. Additionally, RDD is under its average price of $0.000362463 over the past month of trading with its current price of $0.000303009. Overall, the recent trading history of ReddCoin suggest that traders are currently bullish on the coin. RDD has a average market cap compared to the majority of coins with a total market value of $9,210,661.71. 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 is average as $80,582.29 worth of the coin is typically traded over a 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. Over the past 24 hours RDD's volume is below its average with $10,951.67 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

ReddCoin'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 coin in the near future. Click Here to get the full Report on ReddCoin (RDD).