What do the Short-Term Technicals Predict for EDC Blockchain (EDC) Monday?

Monday, February 28, 2022 03:29 PM | InvestorsObserver Analysts

EDC Blockchain receives a strong short-term technical score of 93 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. EDC holds a better recent technical analysis than 93% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving EDC Blockchain a 93 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on EDC Blockchain!

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Trading Analysis

EDC is currently $0.004394 (209.68%) above its 30-day low of $0.002095575 and -$0.005522 (-45.97%) below its 30-day high of $0.01201139. Additionally, EDC is above its average price of $0.005235839 over the past month of trading with its current price of $0.006489635. Overall, the recent trading history of EDC Blockchain suggest that traders are currently bullish on the coin. EDC has a relatively low market cap for a coin with a total market value of $298,690.07. EDC Blockchain's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. EDC Blockchain's average volume meanwhile is low with $190.91 worth of the coin traded over a typical 24 hour period. EDC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, EDC's volume is below its average with $25.32 exchanged.

Summary

EDC Blockchain's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on EDC Blockchain (EDC).