InvestorsObserver gives Hedera an average short-term technical score of 38 from its analysis. The proprietary scoring system considers the coin’s trading history over the past month to determine the strength of its short-term technicals. HBAR has currently traded better than 38% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
Trading Analysis
HBAR is currently $0.002096 (4.84%) above its 30-day low of $0.043303993 and -$0.005503 (-10.81%) below its 30-day high of $0.05090289. Additionally, HBAR is under its average price of $0.048182243 over the past month of trading with its current price of $0.045399987. Overall, the recent trading history of Hedera suggest that traders are currently neutral on the coin.
Hedera’s market cap of $1,130,435,749.44 is relatively high for a coin. Hedera’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and HBAR meets that criteria. Meanwhile, HBAR’s average volume is high with $111,522,014.28 worth of the coin traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, HBAR’s volume is below its usual with $15,505,651.95 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.
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