Should You Buy ReddCoin (RDD) Wednesday?

ReddCoin receives an average short-term technical ranking of 54 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 54% 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 54 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 $0.000040 (21.70%) above its 30-day low of $0.000183214 and -$0.000529 (-70.34%) below its 30-day high of $0.00075176. Additionally, RDD is under its average price of $0.000381818 over the past month of trading with its current price of $0.000222969. Overall, the recent trading history of ReddCoin suggest that traders are currently neutral on the coin. RDD has a average market cap compared to the majority of coins with a total market value of $6,777,650.08. 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 $31,977.36 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 $4,652.35 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 price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the coin's short-term movement. Click Here to get the full Report on ReddCoin (RDD).