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The Hedera Hashgraph price prediction reveals that the slight bullish movement for Hedera (HBAR) is still intact as the coin aims at the $0.1120 level.
HBAR Surge: Expert Analysis and Insights on Hedera by Mudrex
In late April 2024, HBAR witnessed an impressive surge of approximately 100%, propelling its price to $0.1810, marking its highest point in two years. The catalyst for this surge stemmed from a somewhat misinterpreted announcement by the HBAR Foundation, leading to confusion among crypto influencers and igniting a swift climb in the HBAR token’s price.
Hedera Hashgraph Prediction Statistics Data:
- Hedera Hashgraph price now – $0.1100
- Hedera Hashgraph market cap – $3.9 billion
- Hedera Hashgraph circulating supply – 35.7 billion
- Hedera Hashgraph total supply – 50 billion
- Hedera Hashgraph Coinmarketcap ranking – #26
HBAR/USD Market
Key Levels:
Resistance levels: $0.1600, $0.1700, $0.1800
Support levels: $0.0600, $0.0500, $0.0400
HBAR/USD is fluctuating between the 9-day and 21-day moving averages, with the Hedera Hashgraph price currently at $0.1100 after reaching a daily high of $0.1105. Despite an early session attempt to climb to $0.1110, sustainable gains were not achieved. However, further attempts could potentially drive the coin toward the upper boundary of the channel.
Hedera Hashgraph Price Prediction: HBAR/USD Needs to Stay Above the $0.1100 Level
According to the daily chart, the longer the Hedera Hashgraph price remains stagnant at current trading levels, the higher the likelihood that buyers may see the price drop toward the lower boundary of the channel. A break below the $0.1000 level could trigger a decline toward the support levels of $0.0600, $0.0500, and $0.0400.
Conversely, if the 9-day MA crosses above the 21-day MA, Hedera (HBAR/USD) may experience upward movement. Breaking toward the upper boundary of the channel could push the price to potential resistance levels of $0.1600, $0.1700, and $0.1800. Additionally, the buyers may need to increase the buying pressure which could indicate that the market may trend upward.
HBAR/BTC May Trade Bearishly
Against Bitcoin, the Hedera Hashgraph price is seen sliding below the 9-day and 21-day moving averages, currently at 169 SAT. Although a bullish breakout is not imminent, Hedera Hashgraph (HBAR) might continue to trade sideways or hover below these moving averages if the bears increase the selling pressure.
Nevertheless, until the price breaks above the moving averages and heads toward the north, the trend is likely to remain range-bound. However, if the coin moves upward and surpasses the upper boundary of the channel, it could potentially reach resistance levels at 240 SAT and above. Conversely, the support level is likely to play out around 110 SAT and below.
In the latest analysis, @suliantoip shared insights with his extensive following of over 21k on X (formerly Twitter), highlighting that $HBAR has surged by +35% since identifying the bottom. There’s potential for further gains if his followers choose to follow suit.
$HBAR up by +35% since called out bottom.
Follow for more. https://t.co/KKJUP1n6cW pic.twitter.com/eFGG1tTBiZ
— Sulianto Indria Putra (@suliantoip) May 12, 2024
Alternatives to Hedera Hashgraph
Hedera Hashgraph is currently trading up by 4.46%, potentially crossing above the 9-day and 21-day moving averages. If bullish momentum continues, the market price could reach the resistance level of $0.112. However, if bearish pressure returns, the price may drop towards the lower boundary of the channel. Meanwhile, investors should seize the opportunity with $DOGEVERSE, an innovative token poised to outperform established coins like Hedera Hashgraph (HBAR), which ranks 26th on CoinMarketCap. With over $15 million raised during its presale phase, Dogeverse is set for significant growth. Investors are encouraged to act swiftly to secure their investment at the current price before the anticipated surge in value.
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