ReddCoin (RDD): How Does the Chart Look Tuesday?

ReddCoin receives a weak short-term technical ranking of 28 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 28% 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 28 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

See Full Report

Trading Analysis

RDD is currently $0.000147 (76.19%) above its 30-day low of $0.000193010 and -$0.000356 (-51.13%) below its 30-day high of $0.00069586. Additionally, RDD is under its average price of $0.000382291 over the past month of trading with its current price of $0.000340066. Overall, the recent trading history of ReddCoin suggest that traders are currently bearish on the coin. ReddCoin's market cap of $10,337,076.15 is relatively average for a coin. 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. Meanwhile, RDD's average volume is average with $39,673.02 worth of the coin traded over an average 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 last 24 hours, RDD's volume is below its usual with $6,048.87 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 weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on ReddCoin (RDD).