Price Analysis

Hedera Hashgraph On A Uptrend ! How High Will HBAR Price Climb?

Written by: Anjali Belgaumkar

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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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Aug 15, 2021

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The price of HBAR has been quite stable. HBAR has been on an upward trend since June, late July, and now August. The consolidated phase since May, popularly known as the “quiet before the storm,” suggests that HBAR price projections are on the verge of a breakthrough. 

On a long-term time scale, the fundamentals appear to support positive attitudes. VCCESS started on Hedera Hashgraph in July to help non-crypto natives navigate a marketplace for digital assets, hoping to boost the adoption of its ecosystem even further.

Dropp, a micropayment platform based on the Hedera Hashgraph network, debuted on the market this week. Dropp enables businesses to make more money while allowing small-value purchases to be made with cheaper rates than other popular payment systems. 

While positive optimism is driving cryptos higher, it appears that HBAR may have gotten off to a late start and is now catching up to its peers. At the time of writing, HBAR is trading at $0.228, up more than 7% in the last 24 hours.

Moving averages, as well as key technical indicators MACD and momentum, are suggesting a strong buy signal among investors on the 4-hour price chart of HBAR/USD. We could see Hedera Hashgraph’s cryptocurrency rise further in the near-term if market sentiment remains positive. 

Following increased community excitement about a new exchange listing, Hedera Hashgraph soared to $0.263 on August 14.The price of HBAR has crossed the pivot point and is now trading at $0.25. The resistance levels are at 

Buyers could push it higher in the next few days, testing the next barriers at $0.268 and $0.30.

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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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