Hedera (HBAR) Rises 4.04%, Outperforms the Crypto Market Tuesday

Tuesday, February 01, 2022 11:45 AM | InvestorsObserver Analysts

Hedera (HBAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Payments/Other has added 4.04% to $0.2274593457.

InvestorsObserver is giving Hedera a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Hedera!

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Moderately Volatile

InvestorsObserver gives Hedera a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. HBAR's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Hedera price is trading above resistance. With support near $0.210652760388235 and resistance near $0.224759361864905. This positions Hedera 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.