The Hedera Price Prediction and Analysis for Crypto Readers
The Hedera price prediction for HBAR reveals that the coin is experiencing a slight bullish movement and aims to reach the $0.060 level. Currently, the Hedera price is $0.053 with a market cap of $1.73 billion. The coin is ranked #32 on Coinmarketcap, with a circulating supply of 32.5 billion and a total supply of 50 billion.
Hedera Prediction Statistics Data:
- Hedera price now – $0.053
- Hedera market cap – $1.73 billion
- Hedera circulating supply – 32.5 billion
- Hedera total supply – 50 billion
- Hedera Coinmarketcap ranking – #32
Key Levels:
- Resistance levels: $0.066, $0.068, $0.070
- Support levels: $0.042, $0.038, $0.036
HBAR/USD Market:
The HBAR/USD is currently ranging within the 9-day and 21-day moving averages, hovering at $0.053. Although an early trading session attempted to push the coin to $0.055, it failed to generate sustainable gains. However, further attempts may cause the coin to cross above the upper boundary of the channel.
Hedera Price Prediction: Hedera (HBAR) Needs to Stay Above $0.053 Level
According to the daily chart, if the Hedera price fails to rally from current levels, there is a greater chance of a decline towards the lower boundary of the channel. A break below $0.050 may provoke further movement downwards, reaching the support levels of $0.042, $0.038, and $0.036. However, if the 9-day MA crosses above the 21-day MA, and HBAR/USD crosses above the upper boundary of the channel, the coin may reach potential resistance levels of $0.066, $0.068, and $0.070. The Relative Strength Index (14) indicates a possible upward movement.
HBAR/BTC Market:
Against Bitcoin, the Hedera price is hovering above the 9-day and 21-day moving averages at 183 SAT. Although the bullish structure may not come into play immediately, the coin is expected to move sideways or hover above the moving averages if the Relative Strength Index (14) crosses above the 60-level.
Conclusion:
The Hedera price is currently trading with a slight gain, but it has yet to cross above the 9-day and 21-day moving averages. The coin needs to stay above the important level of $0.055 in order to head towards the upper boundary of the channel. In the market, a new token has emerged with a large and strong community, offering crypto fashion merchandise and raising $21 million in the presale.
Hot Take:
The Hedera price prediction suggests that the coin has the potential for an upward movement if certain conditions are met. However, the market is also experiencing the emergence of alternative tokens, which may present new opportunities for crypto investors.
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