Should You Sell Edgeless (EDG) Wednesday?

Wednesday, July 20, 2022 01:06 PM | InvestorsObserver Analysts

Edgeless receives a strong long-term technical score of 76 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. EDG currently holds a superior long-term technical analysis score than 76% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Edgeless a 76 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Edgeless!

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Trading Analysis

The current trading price of $0.018833461 for EDG is $0.0011140 (6.29%) above the tokens 100-day moving average of $0.017719504. EDG meanwhile is $0.0158473 (-367736.59%) above its 52-week low of $0.002986150 and -$0.04751905 (-15042.64%) under its 52-week high price of $0.066352509. Edgeless's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 76. The price movement and range of EDG suggest that investors are neutral on the token at this time. Edgeless has a market capitalization of $2,300,450.14 and a relatively low average daily volume with $523.13 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, EDG's volume is below its seven day average with 69.28 exchanged. This token's subclass Gaming: Gaming crytpocurrencies are similar to rewards or items in traditional games, but are decentralized and exist on the blockchain which allows users to own the items they acquire in-game, such as XP, weapons, and skins that can be traded with other uses. This subclass also includes tokens used in gambling and other forms of entertainment.

Summary

Trading patterns over the last year for Edgeless leads to the token's a strong long-term technical score of 76 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Edgeless (EDG).