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What do the Short-Term Technicals Predict for ReddCoin (RDD) Saturday?

Saturday, September 17, 2022 04:48 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for ReddCoin (RDD) Saturday?

InvestorsObserver gives ReddCoin a strong short-term technical score of 94 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. RDD has currently traded better than 94% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 94
InvestorsObserver is giving ReddCoin a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

Trading Analysis

RDD is currently $0.000198 (105.41%) above its 30-day low of $0.000187446 and -$0.000217 (-36.04%) below its 30-day high of $0.00060199. Additionally, RDD is above its average price of $0.000311155 over the past month of trading with its current price of $0.000385031. Overall, the recent trading history of ReddCoin suggest that traders are currently bullish on the coin.
RDD has a relatively average market cap for a coin with a total market value of $11,703,905.12. 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 meanwhile is average with $58,411.92 worth of the coin traded over a typical 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. As of the past 24 hours, RDD's volume is below its average with $7,826.43 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 trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on ReddCoin (RDD).

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