Hedera (HBAR) Records a 2% Gain
Hedera (HBAR) has experienced a notable gain of over 2% in the past 24 hours, coinciding with the positive trend in the overall cryptocurrency market. This increase in price has brought HBAR to $0.0482 at the time of writing. Additionally, the altcoin has seen a significant surge in its trading volume, with a 130% increase to a total of $68,514,782.
During the previous 24-hour cycle, HBAR reached a peak at $0.04859 before pulling back slightly. However, it still remains closer to its high than its low for that period.
Technical Overview
If HBAR fails to establish a position above the current trend line, it could undergo a temporary correction and seek support at $0.04460. If this level is not held, the price may drop further to the subsequent support level at $0.03545. However, technical indicators on HBAR’s daily chart suggest that the value may continue to climb in the next 24-48 hours.
The daily Relative Strength Index (RSI) indicator and Moving Average Convergence Divergence (MACD) indicator both point towards positive sentiment on HBAR’s daily chart. The RSI line broke bullishly above the RSI Simple Moving Average (SMA) line, indicating stronger buying pressure. The MACD line also crossed above the MACD Signal line, suggesting a potential continuation of HBAR’s positive trend.
Bitcoin Minetrix and Its Innovative Platform
Bitcoin Minetrix aims to address risks and uncertainty surrounding Bitcoin (BTC) cloud mining by decentralizing the entire process. Their platform has garnered significant interest and their presale has already raised over $1.6 million.
Bitcoin Minetrix’s Looming Platform Launch
Following the conclusion of the ICO, Bitcoin Minetrix will begin developing their stake-to-mine platform. The official launch of the platform will provide a passive income stream for all MK token holders who stake their tokens.
Hot Take: Bitcoin Minetrix Presale Exceeds Expectations
The presale of Bitcoin Minetrix has surpassed expectations, raising over $1.6 million. With growing interest in BTC from institutional investors and the upcoming halving event, now may be a good time to consider investing in BTCMTX tokens.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.