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Hedera Hashgraph’s price forecast shows that HBAR could remain above the 9 and 21 day moving averages.
Hedera Hashgraph Prediction Statistics Data:
- Hedera Hashgraph price now – $0.086
- Market cap of Hedera Hashgraph – $2.8 billion
- Hedera Hashgraph circulates offer – 33.5 billion
- Hedera Hashgraph total supply – 50 billion
- Hedera Hashgraph Coinmarketcap Ranking – #30
HBAR/USD market
Key Levels:
Resistance levels: $0.100, $0.105, $0.110
Support levels: $0.070, $0.065, $0.060
According to the daily chart, HBAR/USD is hovering above the 9-day and 21-day moving averages as the coin crosses the upper limit of the channel. The cryptocurrency is likely to remain above the upper limit of the channel, and if the buyers keep the coin above this barrier, it could generate additional profits.
Hedera Hashgraph Price Prediction: HBAR/USD May Move Upward
The Hedera Hashgraph price is trading bullish. If the resistance at $0.090 gives way, the bulls may move above the upper limit of the channel and the coin may create additional bullish trends. According to the daily chart, the bullish scenario is returning to the market as buyers continue to make firm commitments to the market. However, traders could see a sharp rise in the market if the coin regains the $0.090 resistance level; this could further strengthen the market against the USD 0.100, USD 0.105 and USD 0.110 resistance levels.
On the other hand, a lower possible swing could likely enter the market to retest the previous support if the coin falls below the 9 and 21 day moving averages. However, if the bears manage to fuel the market, traders can expect a further decline towards the support levels of $0.070, $0.065 and $0.060 respectively. On the other hand, the 9-day MA remains above the 21-day MA, indicating that the market may continue its upward move.
HBAR/BTC is trading bullish
Against Bitcoin, Hedera Hashgraph price remains above the 9 and 21 day moving averages and crosses the upper limit of the channel. However, this is expected to effectively cross resistance level so that the market price may eventually close above it.
On the other hand, if HBAR/BTC falls below the 21-day moving average, it could renew the lows and likely meet the biggest support at 165 SAT and below. Meanwhile, if the coin crosses the upper limit of the channel and remains above the limit, HBAR/BTC could reach the potential resistance at 235 SAT and above as the 9-day MA remains above the 21-day MA.
Hedera Hashgraph Alternatives
The Hedera Hashgraph price is currently trading with a gain of 6.52% while crossing the upper limit of the channel. However, if the bulls increase the pressure, the market price could reach the potential resistance level of $0.090. Meanwhile, the bears may return to the market and allow the coin to slide towards the lower limit of the channel.
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