Token

Hedera

Resistance

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Hedera crypto asset (HBAR) is displaying bullish characteristics, RSI is rising smoothly.</a></li>
 <li><span>2</span> <a>The Hedera crypto chart shows a surge of 0.63% in the last 24 hours, and is currently trading at $0.07466.</a></li>
</ul>
<p>Hedera crypto is a public network for a decentralized economy that enables people and businesses to build powerful DApps. Hedera Hashgraph has a unique consensus system called Hashgraph consensus to secure its network. This system has a rotating governing council of up to 39 diverse organizations from up to 11 different sectors.</p>
<p>Hedera raised funds through an ICO in August 2018 and opened its mainnet to the public in September, 2019.&nbsp;</p>
<p>During the ICO, investors could buy the platform’s own utility token (HBAR) at the best price possible.</p>
<p>Hedera (HBAR) is the cryptocurrency of Hedera Hashgraph, a platform that offers an alternative to blockchain technology and strives to be faster, efficient and secure.</p>
<p>They are responsible for guiding the Hedera codebase, making platform decisions and running the initial nodes on the Hedera public network.</p>
<p>Hedera crypto uses a proof-of-stake (PoS) mechanism that lets HBAR users stake their resources to support the network.&nbsp;</p>
<p>Currently, all Hedera nodes are controlled by either Hedera or the governing council members, but they plan to change to a permissionless system in the future.</p>
<h2 class="wp-block-heading" id="strong-the-chart-outlook-on-day-time-frame-strong"><strong>The Chart Outlook on Day Time Frame</strong></h2>
<p>The Hedera crypto (HBAR) chart is showing bullish behavior. It performed well last week, last month, and over the last three months, by 52.12%, 23.24%, and 22.59% respectively, confirming a strong uptrend.</p>
<p>The Hedera crypto is highlighting a surge of 0.63% in the last 24 hours, and currently trading at $0.07466.</p>
<p>However, if the demand for the HBAR Token remains high, the asset price could bounce back from the current level. The next goal for the HBAR price is to reach $0.09000.</p>
<p>However, if the HBAR crypto price fails to stay above the $0.06000 level, it could decline further.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-1024x472.png" alt=" Hedera Crypto " class="wp-image-183676" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-250.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">HBAR/USD</a>: COINBASE.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>The Hedera crypto asset (HBAR) is displaying bullishness and rising tendency as it continues to move above major EMAs.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-1024x472.png" alt=" Hedera Crypto " class="wp-image-183675" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-249.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source:<a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow"> HBAR/USD</a>: COINBASE.1.D. by TradingView
  </figcaption>
 </figure>
</div>
<p>The Hedera crypto asset<a href="https://www.thecoinrepublic.com/2023/12/04/explore-how-hedera-network-works-and-benefits-of-the-hbar-token/" target="_blank" rel="noopener noreferrer nofollow"> (HBAR)</a> is displaying bullish characteristics and the RSI is rising smoothly, implying that the asset is gaining momentum and can achieve new peaks.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The demand for the HBAR Token remains high, the asset price could bounce back from the current level. However, if the HBAR crypto price fails to stay above the $0.06000 level, it could decline further as well.</p>
<p>Hedera is rising steadily as it sustains above major trend EMAs. The RSI is rising smoothly, implying that the asset is gaining momentum and could mark new peaks.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.06000</p>
<p><strong>Resistance Levels</strong>: $0.09000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Can Hedera Crypto Price (HBAR) Gain Further After Latest Move?

Table of Contents

Thecoinrepublic.com

Other articles published on Dec 9, 2023

Market Experts Predict When The Shiba Inu Price Will Reach $0.01

US, South Korea and Japan collaborate to tackle North Korea cyberattacks

Why the Bitcoin rally may not end anytime soon

Solana Rockets Up 14%, But Watch Out For Whale Selling

Optimism Price Prediction: Can the OP Crypto Conquer $10 By 2025?

Ethereum-Based Project Blast Revamps Its Narrative With Major Update

Join our free newsletter for daily crypto updates!