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

Wednesday, August 10, 2022 03:52 PM | InvestorsObserver Analysts
ReddCoin (RDD): How Does the Chart Look Wednesday?

InvestorsObserver gives ReddCoin a weak long-term technical score of 19 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. RDD at this time has a superior long-term technical analysis score than 19% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 19
InvestorsObserver is giving ReddCoin a 19 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

Trading Analysis

ReddCoin's price is -$0.0001571 (-39.91%) below its 100-day moving average price of $0.000393617 as its price at the moment sits at $0.000236528. Additionally, RDD is $0.0000533 (-6003788.54%) higher than its 52-week low price of $0.000183214 while -$0.00365756 (-256793.34%) under its 52-week high of $0.003894090. The current trading price in relation to its long-term average along with its 52-week high and low, gives RDD an average long-term technical score of 19. Long-term trading movement of ReddCoin suggest that investors are bearish on the coin at the moment. ReddCoin has a market capitalization of $7,189,795.22 and a relatively low average daily volume with $39,543.63 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, RDD's volume is below its seven day average with 6,181.11 exchanged. 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

RDD's historical trading over the past year gives it a a weak long-term technical score of 19 as its price movement in that time has given investors 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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