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What do the Long-Term Technicals Predict for Hedera (HBAR) Friday?

Friday, January 21, 2022 09:32 AM | InvestorsObserver Analysts
What do the Long-Term Technicals Predict for Hedera (HBAR) Friday?

InvestorsObserver gives Hedera an average long-term technical score of 35 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. HBAR at this time has a superior long-term technical analysis score than 35% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 35
InvestorsObserver is giving Hedera a 35 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Hedera!

Trading Analysis

The current trading price of $0.250000000 for HBAR is -$0.0800000 (-24.93%) below the coins 100-day moving average of $0.330000000. HBAR meanwhile is $0.1700000 (-13938.37%) above its 52-week low of $0.080000000 and -$0.32000000 (-1709.91%) under its 52-week high price of $0.570000000. Hedera's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 35. The price movement and range of HBAR suggest that investors are bearish on the coin at this time. Hedera has a market capitalization of $4,541,607,715.87 and a relatively high average daily volume with $1,138,352,830.23 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, HBAR's volume is below its seven day average with 153,732,570.15 exchanged. This coin's subclass Payments/Other: A coin used as payment for good and services or middle-man platform that allows investors to use other cryptocurrencies for payments, money transfers, withdrawals, deposits, and other functions. These coins are typically more specialized than the Digital Money coins that try to replicate all the functions of cash.

Summary

Technical analysis of Hedera over the past year results in the crypto receiving a an average long-term technical score of 35 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Hedera (HBAR).

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