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Hyperion (HYN), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, February 10, 2022 07:21 AM | InvestorsObserver Analysts
Hyperion (HYN), High Volatility and Rising Thursday: Is it Time to Cash Out?

Hyperion (HYN) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Distributed Software Platform has advanced 9.05% to $0.6919193989.

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

Highly Volatile

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

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. HYN's high volatility reading comes 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 trading near resistance. With support at $0.453842548056514 and resistance at $0.751182881518275. This leaves Hyperion with potential selling pressures ahead as it may be getting over extended.

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.

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