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Hedera Hashgraph (HBAR) Price and Graph Token (GRT) Price Poised to Rebound to Reach New Highs

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Highlights

    HBAR price is expected to rally hard, and may also form new all-time highs in coming days.

    The Graph token is on the verge to regain the lost levels close to $1.

    CRV token price almost doubled within a week and expected to hit

The Hedera Hashgraph price grabbed the attention of the crypto space by swinging more than 50% in just a matter of 24 hours. However, the rally remained short-lived as a massive dump was expected to follow declining the price nearly 40%.

Yet, the HBAR price is expected to hit $0.2 in coming days as predicted by an analyst, ForecastCity_ME. He has also told that the price may experience a dump towards the levels around $0.0775 but it would be a temporary retracement. 

Hbar graph

According to the chart posted by the analyst, the HBAR price is above the 21-day EMA which is acting as strong support. Despite the RSI levels having dropped due to the price plunge, the slight recovery in the levels have been recorded, manifesting a bullish trend.

The analyst has also set the targets for the asset to hit accordingly, $0.11 being the first. Later the next target is at $0.125, third target at $0,1374, fourth target at $0.1661 and the fifth target at $0.2118.

The analyst has also mentioned the support levels at $0.0647, later at $0.05, $0.035 and finally at $0.0227. 

The Graph Token Price May Form New ATH Soon

The  GRT token which rallied hard since its inception was expected to hit $1 but a drastic plunge drained out all the profits by declining the price close to $0.3. Later a series of plunge continued despite some surges. 

However, the GRT price is expected to rally hard following a bullish trend as predicted by an analyst, M u Q.

As per the analyst, the GRT price chart appears to as a cup and handle pattern which signifies a major jump in the coming days. Else it might be just a continuation of an ascending triangle where-in a breakout is mandatory

Apart from the HBAR price and GRT price, Curve(CRV) price has also rallied magnificently in the past couple of days.it has rallied nearly 300% in the last 10 days and poised to rally further to break the above resistance level. Therefore, the cryptos rallying hard despite the major cryptos like Bitcoin plunge, indicate a strong altcoin season incoming anytime in 2021.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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