Hedera (HBAR) Down 0.02% Wednesday: What's Next?

Hedera (HBAR) Down 0.02% Wednesday: What’s Next?

7 December 2022

in HBAR

Reading Time: 2 mins read

Hedera (HBAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Payments/Other has dropped 2.4% to $0.04687027471.

InvestorsObserver is giving Hedera a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Moderately Volatile

InvestorsObserver gives Hedera a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

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The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.

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HBAR’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Hedera price is trading near resistance. With support at $0.0461101030165132 and resistance set at $0.0471013394349989. This positions Hedera with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.