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

Wednesday, February 23, 2022 11:42 AM | InvestorsObserver Analysts

Hyperion (HYN) has been relatively more volatile compared to the crypto market. So far Wednesday, the Distributed Software Platform has gained 33.6% to $0.5035199444.

InvestorsObserver is giving Hyperion a 94 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 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support around $0.304693557775823 and resistance set at $0.520280965126363. This positions 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.