Hedera (HBAR) gets a bearish rating from InvestorsObserver Thursday. The Payments/Other asset is down 2.14% to $0.045627933 while the broader crypto market is down 0.69%.
Hedera has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Hedera!
Bearish
Over the last five days, Hedera has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Hedera over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Hedera is currently trading near its five-day low of $0.0450808890140607. The Payments/Other asset is 6.13% off its five-day high and is 1.21% higher than its five-day low of $0.0450808890140607.Hedera price is currently below support. With support set around $0.045855058088753 and resistance at $0.0472669989912246, Hedera is potentially in volatile territory as selling pushes the crypto's price below recent support.
Hedera has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.Due to a lack of data, this crypto may be less suitable for some investors.
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