Hedera Hashgraph Pops Out From Downtrend, Will Price Retest $0.1

2022-10-8 23:00

HBAR’s price shows the market a glimpse of bullish hope as the price broke out of its long-range movement with strong volume. HBAR trades above key resistance as price breaks out of range holding above 8 and 20-day EMA. The price of HBAR eyes a recapture of $0.1 as key resistance was flipped into support with more buy orders. 

The price of Hedera Hashgraph (HBAR) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the Hedera Hashgraph (HBAR) price was not left out as the price broke out of its long daily range, with the price trending to a higher height. (Data from Binance)

Hedera Hashgraph (HBAR) Price Analysis On The Weekly Chart.

The crypto market received relief, as most crypto altcoins expected. However, despite the recent price surge in most crypto assets, some altcoins have remained range-bound.

As the price of HBAR could not break out with real volume in previous months, it was stocked in a range-like box. HBAR’s price continued to move between $0.05 and $0.077 before breaking out and trending higher.

After a long-term movement, and with the month looking good for most altcoins, as many refer to it as the month of Uptober, the price of HBAR could be set for a break out as the price aims to rally to the $0.1 region.

HBAR’s use case has attracted a lot of traders, investors, and huge organizations, which could also be a huge catalyst to influence the price of HBAR shortly as many tips the price to rally to a high of $1. 

Weekly resistance for the price of HBAR – $0.1.

Weekly support for the price of HBAR – $0.050.

Price Analysis Of HBAR On The Daily (1D) Chart Daily HBAR Price Chart Analysis | Source: HBARUSDT On Tradingview.com

On the daily timeframe, the price of HBAR continues to show strength as it pulls some gains despite the market appearing to have stalled in price movement; after hitting a daily low of $0.05, the price of HBAR rallied to a high of $0.082 before being rejected into a downtrend channel as it struggled to break out.

The price of HBAR is attempting to break out of this downtrend channel; if successful, the price of HBAR could rally aggressively as bulls would be ready to send the price to $0.1, gaining significant price control.

The Relative Strength Index (RSI) for HBAR shows low buy order as the value is below the 50 mark area on the daily timeframe.

Daily resistance for the HBAR price – $0.1.

Daily support for the HBAR price – $0.055.

Featured Image From Zipmex, Charts From Tradingview

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price out above hbar trades movement volume

Источник: newsbtc.com

price out → Результатов: 126


Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels.

2019-3-31 13:29


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together

Many cryptocurrencies surged after the market rejoiced in the presence of the bull. However, the bull seemed to have left the market as major coins acquired new normalcy. While, Ethereum [ETH], the second largest cryptocurrency and Tron [TRX], the eleventh largest cryptocurrency, were battling it out in the coin market, Ethereum’s Vitalik Buterin and Tron’s […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together appeared first on AMBCrypto.

2019-3-29 12:30


Фото:

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for

Cardano, the tenth largest cryptocurrency on CoinMarketCap had a decent rally over the past few days. The price of the cryptocurrency surged by 133% since December 16, 2018. However, the rally seems to be coming to an end as price candles have formed at the end of the ascending channel/rising channel.

2019-3-28 16:45


Newsflash: Bitcoin Price Stumbles Below $4,000; No Fret, A Swift Rebound is Coming

In the past several hours, the bitcoin price slipped below the $4,000 mark from $4,035 to $3,934, recording a 1 percent drop against the U. S. dollar. Given the fact that it took nearly three weeks for bitcoin to break out of the $3,000 region and reach $4,000, the sudden drop in the price of bitcoin below the $4,000 level initially led traders to reconsider the near-term price trend of the dominant cryptocurrency.

2019-3-26 11:50


Bitcoin Price: Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range.

2019-3-24 21:30


Фото:

Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:Figure 1: BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s.

2019-3-23 01:23


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

HBAR price prediction as Hedera Hashgraph coin jumps

Hedera Hashgraph (HBAR) price jumped on Sunday as Bitcoin and other major cryptocurrencies continued consolidating. It rose to a high of $0. 064, the highest point since April 20th. In all, the coin has risen by over 8.