Does it Score Well on Long-Term Trading Metrics Monday?

InvestorsObserver gives Hedera an average long-term technical score of 56 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

HBAR at this time has a superior long-term technical analysis score than 56% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Hedera a 56 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Trading Analysis

HBAR is currently $0.0000000 (-2.56%) below its 100-day moving average price of $0.080000000 with its current price of $0.080000000. Meanwhile, Hedera is $0.0200000 (-18819.93%) above its 52-week low price of $0.060000000 and -$0.49000000 (-1740.23%) below its 52-week high of $0.570000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 56. Trends for the long-term trading history of Hedera suggest that traders are currently neutral on the coin.

Hedera has a total market value of $1,647,433,208.37 with an high average daily volume of $236,292,316.63 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, HBAR’s volume is below its average with $31,097,151.85 exchanged in total.

This coin’s subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

HBAR’s historical trading over the past year gives it a an average long-term technical score of 56 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Hedera (HBAR).