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

Hedera receives an average short-term technical ranking of 35 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. HBAR has a superior recent technical analysis than 35% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Hedera a 35 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Trading Analysis

Hedera is $0.003351 (9.36%) above its 30-day low of $0.035788003 while -$0.010332 (-20.88%) below its 30-day high of $0.04947050. In addition, HBAR’s current price of $0.039138944 is under its 30-day moving average price of $0.044399786, leading to an average short-term technical score. Overall the recent trading history of Hedera suggest that investors are neutral on the coin at the moment.

HBAR has a average market cap compared to the majority of coins with a total market value of $983,834,809.14. The market valuation for Hedera is relatively average due to the largest 100 cryptos having a market cap above $1 billion and HBAR sits underneath that mark but remains above $100 million in market capilization. Hedera’s average volume is average as $115,514,114.19 worth of the coin is typically traded over a 24 hour period. The volume for HBAR 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. Over the past 24 hours HBAR’s volume is below its average with $22,847,202.31 exchanged.

Hedera’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

Hedera’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 Hedera (HBAR).