Hedera (HBAR) Rises 7.23%, Outperforms the Crypto Market Wednesday

Wednesday, January 12, 2022 07:51 AM | InvestorsObserver Analysts

Hedera (HBAR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Payments/Other has added 7.23% to $0.2876929307.

InvestorsObserver is giving Hedera a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Hedera!

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Low Volatility

InvestorsObserver gives Hedera a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. HBAR's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Hedera price is trading above resistance. With support at $0.259050690346354 and resistance set at $0.276196055822963. This leaves 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.