Analytics

Hedera Price Prediction: Sellers Lose Control, Buyers Might Drive HBAR

  • The current price of Hedera is $0.06839 with a gain of 4.41% during the last intraday trading session.
  • The HBAR/BTC pair is trading at 0.000002246 BTC with a gain of 2.66% in the last 24 hours.
  • The HABR price is moving above the 20,50,100 days of EMA and is below the 200 days of DMA.

Hedera seems to regain the upward momentum the buyers are trying to take over the HBAR. The sellers have given dips over the daily price chart. Now as the HBAR is following an upward trend the buyers might dominate the HBAR market.

The current price of the Hedera is $0.06839 with a gain of 4.41% during the last intraday trading session. The buyers might drive the price up to the primary resistance of $0.07512 and if the bulls continue to dominate the HBAR then the price may move up to the secondary resistance of $0.09236. The sellers have got a bite to dust now if they attempt to enter the trade we may see some dips. The bearish trend might take the price primary support of $0.05706 furthermore to the secondary support of $0.03566.

Source: HABR/USD by TraddingView

In the past 24 hours, the HABR’s volume climbed by 24.09%. The HBAR’s increased volume indicates that the buyers may have control over it. The volume-to-market cap ratio is 0.0318. The sellers’ control over the HBAR appears to be slipping.

The Technical Analysis of HBAR

Source: HABR/USD by TraddingView

The Technical indicators Show That: The RSI appears to be driven by the buyers that sellers have attempted to neutralize the RSI. The current RSI is 54.81 and the average RSI is 51.09. The RSI might move closer to the overbought zone as the bulls dominate the market of HBAR. The intersection of MACD and MACD signals has indicated a positive crossover. The HABR price is moving above the 20,50,100 days of Exponential Moving Average and is below the 200 day of Daily Moving Averages.

Conclusion

The Hedera price analysis indicates that the buyers are attempting to take over the market, and the sellers previously attempted to give dips over the daily price chart. With HBAR’s increased volume, the buyers may have control over it. The technical indicators, including the positive MACD crossover and rising above moving averages, indicate a bullish trend that may continue with resistance levels at $0.07512 and $0.09236. The current price of Hedera is $0.068039 with a gain of 4.4% during the last intraday trading session.

Technical Levels

Support Levels: $0.05706 and $0.03566

Resistance Levels: $0.07512 and $0.09236

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

   

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