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CDS Crypto News Hedera (HBAR) Demonstrates Moderate Volatility Amidst Market Trends

Crypto News

Hedera (HBAR) Demonstrates Moderate Volatility Amidst Market Trends

Zeynep Öztürk09/01/20241 Mins read203

Hedera (HBAR) Demonstrates Moderate Volatility Amidst Market Trends

Crypto News – Hedera (HBAR) has maintained a relatively steady level of volatility compared to other cryptocurrencies. As of Monday, Payments/Other has seen a 1.04% increase, reaching $0.07887767857.

Characterized as Moderately Volatile InvestorsObserver assigns Hedera a moderate volatility rank of 29, positioning it in the lower 29% among cryptocurrencies in the market.

The Volatility Gauge emphasizes that a single day does not dictate its volatility rank; rather, a trend is a more accurate indicator. HBAR’s moderate volatility rating aligns with a low score on the Risk/Reward Gauge, indicating that the coin experiences moderate price fluctuations while being resilient against price manipulation.

Looking ahead, HBAR price is positioned favorably. The support level stands at $0.0751094224400062, with resistance set at $0.080990612739994. This positioning provides HBAR with ample room for upward movement before encountering significant selling pressures.