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What's Next for Bearish Rated Hedera (HBAR)?

Sunday, January 23, 2022 10:16 AM | InvestorsObserver Analysts
What's Next for Bearish Rated Hedera (HBAR)?

Hedera (HBAR) gets a bearish rating from InvestorsObserver Sunday. The crypto is up 0.89% to $0.2221777399 while the broader crypto market is up 1.29%.

Sentiment Score - ,
Hedera has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Hedera!

Bearish

Over the last five days, Hedera has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Hedera over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Hedera is currently trading near its five-day low of $0.204580068588257. The crypto is 21.58% off its five-day high and is 8.60% higher than its five-day low of $0.204580068588257.

Hedera price is well positioned between support and resistance. With support set around $0.203510258925886 and resistance at $0.237993185056181, has some room to run before facing resistance.

Hedera has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Hedera

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