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HBAR/USD had quite a price trend yesterday. The price increased by 15.3% in one day. It went from $0.06414544 to $0.07394772. At today’s high price in the market, traders decided to sell their crypto after thinking that it was the highest point the price could reach. This reflects the market trend we are seeing in the market today. There is still a possibility that the market may reverse to continue the upward trend.
Hedera Hashgraph Market Value Statistics:
- HBAR/USD price now: $0.069880255
- HBAR/Dollar Market Value: $1,579,716,032
- HBAR/USD transfer supply: 22.97 billion
- HBAR/USD Total Supply: 50,000,000,000
- HBAR/USD Coin Market Rank: #38
Key steps
- Resistance: $0.0750000, $0.07758857, $0.08000000
- Support: $0.06500000, $0.06412611, $0.06000000
Now go buy Hashgraph
Your capital is at risk.
Hedera Hashgraph Market Value Analysis: Indicators View
In the relative strength index, we can see that the RSI line has not reached the overbought zone. The price of the property is still in the value range. Therefore, the price hike may resume soon. Between yesterday and today the RSI line decreased from 64% to 54%. This is still in a strong market benchmark range. As the signal line has not yet reacted to the changes in the market, it confirms that the growth is likely to continue. Moving average convergence and divergence histograms still show strong bullish movements. But today’s bullish histogram is less high compared to yesterday’s histogram. But yesterday’s histogram is much higher than the one before that.
Hedara Hashgraph: HBAR/USD 4-hour chart view
In this timeframe chart, we can see how sellers dominated the first trading session of the day, but in the second session, the bearish momentum has slowed. This indicates a serious recovery. The bulls begin to take the third period. And, the RSI line is trying to recover to the upper level to confirm that the trend may continue soon.
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