Latest PostPrice Analysis

HBAR Price: Key Levels To Watch, Will the Previous All-Time Highs Be Broken Soon?

news-image

By the end of 2021, Hedera Hashgraph may have made significant progress toward institutional adoption and will have acquired many institutional collaborations, putting the crypto project ahead of many others in the domain of enterprise-focused projects.

Hedera Hashgraph will also be speaking at the upcoming Smart Contract Summit. Yamgo, the parent company of blockchain advertising platform AdsDax, recently announced the debut of its Rewards Platform, which uses Hedera Hashgraph technology to allow users to earn HBAR tokens in exchange for actions made on their platform.

The HBAR ecosystem could have a bright future ahead of it in 2021, thanks to its continuous developments.

HBAR Price Next Target Levels

Because of its strong fundamentals, Hbar has expanded at an exponential rate, and the project has a lot of potentials. After testing the $0.152 level on July 21, Hedera Hashgraph began a new uptrend. Following that, HBAR has shown bullish higher momentum. 

The current price of Hedera Hashgraph is $0.184839. It is currently 58.8% lower than its all-time high price of $0.45, set in mid-March. The price of HBAR has dropped -9.7% in the previous 24 hours but has risen 15.50% in the last seven days. The range of bullish HBAR price predictions is $0.20 to $0.40.

The first major resistance level, if the Bullish Rally continues, is $0.2085, followed by $0.2211 and $0.2337. If the bears gain control, support levels at $0.18, $0.17, and $0.15 will be tested. 

With the RSI climbing over the neutral threshold of 50, momentum indicators are supporting the recent positive surge. Buy indications are also flashing on the MACD. 

This year, it has a good chance of surpassing its current all-time high (ATH) of $0.448. However, this will only happen if it overcomes a number of previous psychological barriers.

Show More

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.

Related Articles

Back to top button
Close
Close