Hedera (HBAR) has been relatively less volatile compared to the crypto market. So far Saturday, the Payments/Other has dropped 3.64% to $0.04245187314.
Low Volatility
InvestorsObserver gives Hedera a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
HBAR’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Hedera price is well positioned going forward. With support around $0.0396506995772159 and resistance around $0.0441401251469887. This positions Hedera with room to run before facing selling pressures.
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.
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