DeHive (DHV) Down 0.05% Sunday: What's Next?

Sunday, February 06, 2022 08:32 AM | InvestorsObserver Analysts

DeHive (DHV) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the Decentralized Finance has declined 4.73% to $0.4960334968.

InvestorsObserver is giving DeHive a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on DeHive!

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Highly Volatile

InvestorsObserver gives DeHive a high volatility rank of 98, placing it in the top 2% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. DHV's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

DeHive price is trading near resistance. With support around $0.477449897725345 and resistance at $0.49885583301282. This positions DeHive with potential selling pressures ahead as it may be getting over extended.