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HBAR Price: Is Something Big Brewing? Signs of Recovery for Hedera Hashgraph!

Hedera Hashgraph (HBAR) is making cautious upward swings early on Monday, as it was obviously separating from bitcoin, and it’s already displaying clear indicators of a pump coming shortly. It was attempting to recoup losses from the previous session, and it is still one of the few cryptocurrencies to post weekly gains. HBAR Price still has more real-world utility than any other cryptocurrency and handles more transactions. 

So far, it has held the $0.16 support level. When BTC Price last experienced a decline like this, it was approximately $0.13 cents.

Also Read : Is Bitcoin Price Hinting Towards Deeper Declines? Will It Breach the Critical Support At $28k? Fear Grips the Market!

More Exciting Upcoming Projects

Hedera Hashgraph, which recently announced a partnership with Limechain, is one of the most renowned projects attempting to push DLT beyond blockchain.

Hedera hopes to employ LCX’s technical infrastructure to expand the Hedera Token Service (HTS) with the addition of a new security token standard and deliver secure, dependable, transparent, and compliant infrastructure for digital securities to its users as a result of this new relationship.

Even if the Stochastic oscillator has made a negative cross, the RSI and MACD have bullish divergences, indicating that a rebound is likely. In order to validate the probability of a breakout, HBAR must retake the channel’s midline. 

Hedera Hashgraph and other Altcoins are suffering as a result of Bitcoin’s poor performance. The most likely scenario for the HBAR price is a sideways consolidation in the $0.15-$0.18 area.

Despite the fact that the majority of moving averages, as well as the MACD and momentum indicators, all point to a bearish bias. At the moment, the price of Hedera Hashgraph is trading between the pivot point at $0.18 and the immediate support below at $0.16.

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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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