Hedera

Bitcoin

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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/hbar-price-analysis-will-hbar-give-a-breakout-for-a-50-hike/">HBAR Price Analysis: Will HBAR Give A Breakout For A 50% Hike?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
As Bitcoin retreats from $35K, the buyers hold the uptrend above $34K and tease to prolong the uptrend with a new breakout. In a ripple effect, altcoins like the Hedera (HBAR) coin price take a bullish route to sharp recovery.&nbsp; 
Moreover, the sentiments improve as the HBAR price trend reclaims major resistance levels and average lines. Further, the improving sentiments align with the positive HBAR price prediction and a potential target of $0.80.&nbsp; 
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Moving sideways under the $0.050 mark and the influence of the 50-day EMA, the HBAR price trend experienced high selling pressure last month. However, taking a double bottom reversal from the crucial support level of $0.045 leads to a smooth recovery.&nbsp; 
Rising above the 50-day EMA and reclaiming the crucial psychological mark of $0.050, the uptrend continues to gain momentum. Further, the bull run challenges the 200-day EMA and prepares a positive trend within the triangle pattern.&nbsp; 
Currently, the HBAR price trades at $0.05276 with an intraday growth of 0.62% as it sustains the breakout. Moreover, the ongoing recovery rally accounts for a price jump of 15.47% over the last week, creating 6 bullish candles out of the 7 days.&nbsp; 
Technical indicator: 
MACD indicator: The daily RSI line continues to rise in a sharp fashion to approach the overbought boundary as it crosses the halfway line.&nbsp; 
EMAs: As the bull run approaches the 200-day EMA, the chances of a golden crossover are increasing drastically. Moreover, the golden crossover will improve the chances of a triangle breakout for Hedera. 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-above-0-050">Will HBAR Price Rise Above $0.050?</h2> 
As the crypto market skyrockets and approaches 2021 high, buyers are more interested in altcoins. Being a key performer in the last bull run, the HBAR price may soon gain momentum to reclaim the lost levels.&nbsp; 
As of now, the possibility of a positive trend within the triangle pattern is strong and may break above the resistance trendline. Therefore, the price trend may reach the $0.062 mark or the $0.080 mark (post-breakout).&nbsp; 
However, if the prices fail to exceed the 200-day EMA, the HBAR price may drop to the $0.045 mark.&nbsp;

HBAR Price Analysis: Will HBAR Give A Breakout For A 50% Hike?

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