Price Analysis

HBAR Price and The GRT Coin Price Plunge Hard, What’s Next?


    Hedera Hashgraph price dipped more than 15%, shedding the profits gained in the past week

    The Graph token also follows the suit with approximate 10% dip showcasing a possible downtrend

    Bitcoin and Ethereum also experience a giant dip, extracting more than 8% of the gains since the early trading hours

HBAR Price Slumps Heavily

HBAR price, which rose like a giant in the past couple of days, suffered an immense dip, probably due to market correction. Bitcoin price tanked hard and revisited much lower levels in the early trading hours, escorting many other crypto assets. HBAR also followed the suit and dipped profusely.

hbar price

Despite the dip, the trading volume appears to be quite sufficient to flip the bearish divergence very soon. Therefore, after the correction phase eases out a little a strong bounce back may lead the price to the set target above $0.5. 

At the time of writing, the HBAR price is $0.2938 with a drop of 13.94% in the past 24 hours. Despite the price attempting hard to move towards the north, the bears significantly pulled back towards the lower levels, yet far away from the support zone.Currently, it is mandatory for the price to break above $0.3 and rally high to resume with the bull run.

Technical Specifications

  • The resistance levels are at $0.35
  • The support levels are at $0.24
  • The indicators point out towards a sell signal

Also Read: Bitcoin Price Slumps Drastically, Is It A Indication Of A Bear Market?

The Graph Coin Price Slumps Hard

The GRT price since the past week is trending within a descending parallel channel with enough pumps and dumps. No doubt the GRT coin attempted very hard, a couple of times to break above the channel, yet failed each time and followed the channel.

grt price

The volume appears to be increased offlet, yet dipped in the past 24 hours as the traders shifted their focus from buying to selling. And hence declined the gains, more than the week’s accumulation. 

At the time of writing, the GRT price is $1.24 with a drop of 7.86% in the past 24 hours. Despite this, the all-time high seems to be a little far off, yet it can be achieved as the price breaks the upper barriers of the channel. Therefore, reducing the chances of further downtrend, the price needs to pick up in the coming trading hours. 

Technical Specifications

  • The resistance levels are at $1.41 initially and later at $1.53 and $1.67
  • The support levels are at $1.18
  • The indicators point out towards a ‘strong sell’ signal

Also Read: Theta Coin Price Rises High Despite A Bloodbath In Crypto Space

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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