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HBAR Price Analysis: Technicals Flash Strong Buy Signals With Spike in Volume! Here are The Next Significant Levels

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The Cryptocurrency market is trading in the green with most of the altcoins trying to recover the losses. HBAR on the other hand is a utility coin whose price actions are not driven by a community. It’s only a matter of time before it stops and makes a substantial move in one direction or the other. Furthermore, LCX’s cooperation with HBAR is significant and beneficial to both communities. 

One transaction from an external restricted account to a regular account recently added 730 million HBAR to the circulating supply.

https://twitter.com/hbarprice/status/1418352532003323904?s=21

Also Read : Is Elon Musk’s Remark to #Hashledger Is Implying to #Hedera? Is This a Big Catalyst for HBAR Price?

HBAR Price

During Q1, the HBAR/USD surged nearly 1,300 percent in value, outperforming many other cryptocurrencies. In the last seven days, there have also been volume increases. 

Despite the fact that weekly values are falling, the currency has gained 4.75 percent in the previous 24 hours and is now trading at $0.18. The $0.16 level must be converted into an important support level for HBAR. If the $0.16 levels are crossed, the following support levels are $0.148 and $0.1161, respectively.

HBAR Price

On the other hand, if the bullish market movement continues, the primary pivot level at $0.20 will open the gates to $0.25 and $0.28 in the broader picture. The MACD and SMA are both flashing buy signs at the moment, while the Relative Strength Index is neutral. 

Although it is a small currency, it still has a lot of potentials, therefore severe price changes are expected in the next few weeks.

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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.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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