Should You Buy Hedera (HBAR) Monday?

Hedera receives a strong short-term technical ranking of 68 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 68% 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 68 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Trading Analysis

HBAR is currently $0.005913 (13.82%) above its 30-day low of $0.042795140 and -$0.015195 (-23.78%) below its 30-day high of $0.06390379. Additionally, HBAR is under its average price of $0.052092733 over the past month of trading with its current price of $0.048708426. Overall, the recent trading history of Hedera suggest that traders are currently bullish on the coin.

HBAR has a high market cap compared to the majority of coins with a total market value of $1,118,743,334.32. Hedera’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and HBAR meets that criteria. Hedera’s average volume is high as $86,592,477.12 worth of the coin is typically traded over a 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 past 24 hours HBAR’s volume is below its average with $18,331,099.76 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 price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin’s short-term movement.

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