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

ReddCoin receives an average short-term technical score of 47 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. RDD holds a better recent technical analysis than 47% 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 ReddCoin a 47 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

ReddCoin is $0.000134 (71.87%) above its 30-day low of $0.000186207 while -$0.000189 (-37.12%) below its 30-day high of $0.00050899. In addition, RDD's current price of $0.000320027 is under its 30-day moving average price of $0.000353434, leading to an average short-term technical score. Overall the recent trading history of ReddCoin suggest that investors are neutral on the coin at the moment. RDD has a relatively average market cap for a coin with a total market value of $9,727,953.46. 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 $31,789.50 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 $5,219.05 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 an average short-term technical score due to recent price movement suggesting more neutral signals for traders on the coin in the near future. Click Here to get the full Report on ReddCoin (RDD).