Home »
Join Us on Google News
According to the daily time frame chart’s Hedera price prediction, the HBAR cryptocurrency is currently in a phase of consolidation. Over the chart with a daily time window, HBAR cryptocurrency has been declining since November 2022. But HBAR slept until it reached its lowest point of $0.035 before gaining support and soaring back into the consolidation stage. However, the volume change needs to be improved as it is currently below average.
Hedera Price was trading at $0.040125 and has increased its market capitalization by 1.19% during the last day. The intraday trading session saw a 38.59% spike in trade volume. This implies that buyers are attempting to give the token a jumpstart. The market cap to volume ratio is 0.0169.
Hedera price prediction showcases the token’s recovery phase over the daily time frame chart. However, volume change is still below average and needs to grow for HBAR crypto to surge towards the primary resistance level at $0.045. Meanwhile, HBAR crypto is trying to recover towards 20-EMA but is still trading below 50, 100 and 200-days Daily Moving Average.
Technical indicators suggest that HBAR cryptocurrency is trying to surge towards the resistance level over the daily time frame chart. Relative strength index showcases the upward trend of HBAR crypto. RSI is at 44 and is surging towards neutrality to register its breakout. MACD exhibits the uptrend momentum of Hedera price over the daily time frame chart. The MACD line is above the signal line after a positive crossover.
According to the daily time frame chart’s Hedera price prediction, the HBAR cryptocurrency is currently in a phase of consolidation. The intraday trading session saw a 38.59% spike in trade volume. However, volume change is still below average and needs to grow for HBAR crypto to surge towards the primary resistance level at $0.045. Technical indicators suggest that HBAR cryptocurrency is trying to surge towards the resistance level over the daily time frame chart.
Support Levels: $0.038 and $0.035
Resistance Levels: $0.042 and $0.045
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading any assets comes with a risk of financial loss.
© Copyright 2022. The Coin Republic
Login to your account below
Please enter your username or email address to reset your password.
