Hedera (HBAR) Falls 0.04%, Underperforms the Crypto Market Tuesday

Hedera (HBAR) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Payments/Other has dropped 3.6% to $0.04210851071.

InvestorsObserver is giving Hedera a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Low Volatility

InvestorsObserver gives Hedera a low volatility rank of 20, placing it in the bottom 20% 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 is paired 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 trading above resistance. With support around $0.0413952815916292 and resistance near $0.0419200297083609. This leaves Hedera out of range and potentially in a volatile position if the rally burns out.

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.