Haven Protocol (XHV) Rises 12.56%, Outperforms the Crypto Market Thursday

Thursday, August 04, 2022 09:56 AM | InvestorsObserver Analysts

Haven Protocol (XHV) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Decentralized Finance has added 12.56% to $0.6231137124.

InvestorsObserver is giving Haven Protocol a 71 Volatility Rank. Find out what this means to you and get the rest of the rankings on Haven Protocol!

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Moderately Volatile

InvestorsObserver gives Haven Protocol a moderate volatility rank of 71, placing it in the top 29% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. XHV's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Haven Protocol price is trading above resistance. With support set at $0.524381650055798 and resistance near $0.584930253590496. This leaves Haven Protocol 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.