Hyperion (HYN) Falls 0.65%, Underperforms the Crypto Market Wednesday

Wednesday, June 15, 2022 12:47 PM | InvestorsObserver Analysts

Hyperion (HYN) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the Distributed Software Platform has declined 64.61% to $0.1495440076.

InvestorsObserver is giving Hyperion a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Hyperion!

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Highly Volatile

InvestorsObserver gives Hyperion a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

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

Hyperion price is in a good position going forward. With support around $0.00460182615486365 and resistance at $0.30618447550503. This positions Hyperion with room to run before facing selling pressures.

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.