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ReddCoin (RDD): How Does it Rank Thursday on Long-Term Trading Metrics?

Thursday, July 28, 2022 12:16 PM | InvestorsObserver Analysts
ReddCoin (RDD): How Does it Rank Thursday on Long-Term Trading Metrics?

ReddCoin receives a weak long-term technical score of 10 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RDD holds a superior long-term technical analysis score than 10% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 10
InvestorsObserver is giving ReddCoin a 10 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 -$0.0001058 (-25.12%) below its 100-day moving average price of $0.000421391 with its current price of $0.000315553. Meanwhile, ReddCoin is $0.0001323 (-6003745.40%) above its 52-week low price of $0.000183214 and -$0.00357854 (-256791.31%) 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 10. 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 $9,591,958.74 to go along with its average daily volume of $118,563.19 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 16,935.02 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

Trading patterns over the last year for ReddCoin leads to the coin's a weak long-term technical score of 10 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on ReddCoin (RDD).

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