Bitcoin

Rise

The post <a href="https://coinpedia.org/price-analysis/hbar-price-jumps-to-0-10-will-buyers-prolong-this-ride/">HBAR Price Jumps TO $0.10, Will Buyers Prolong This Ride?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a bullish start to the week, the HBAR price continues rises to challenge the next crucial psychological barrier and teases a breakout trend. With increased breakout chances, the HBAR price may soon siren an entry signal for interested players.&nbsp; 
Moreover, the ongoing rally comes with the double bottom breakout in the daily chart that marks a significant bullish development for Hedera. Therefore, the <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/">HBAR price prediction</a> remains optimistic for this year and teases a strong recovery.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="471" src="https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-1024x471.png" alt="" class="wp-image-258314" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-1024x471.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-300x138.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-768x353.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-1536x707.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/03145608/HBARUSD_2024-01-03_10-17-24.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/86Jz28w0/">TradingView</a> 
Starting at $0.085 this Monday, the HBAR price has jumped by 10.86% to currently trade at $0.0951. However, this comes with an intraday loss of 2.07% which forms a shooting star candle, reflecting an overhead barrier.&nbsp; 
The struggling buyers fail to overpower the supply present at the psychological barrier of $0.10, leading to an intraday pullback. However, due the ongoing streak of higher highs and higher lows, the pullback seems normal and may shortly bounce back higher.&nbsp; 
Moreover, the increased support from the overall market recovery with Bitcoin reaching $45K, and the rise in trading volume projects a potential bull run. For sideline traders, the breakout of the $0.10 mark will be the HBAR price action signal for entry.&nbsp; 
Technical indicator: 
MACD indicator: The&nbsp; MACD and signal lines are indecisive are they have provided multiple crossovers in a short period. However, the ongoing recovery adn the positive crossover teases a bull run in Hedera.&nbsp; 
EMA: The bullish trend in the 50D and 200D EMA sustains their path and remains strong dynamic support. 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-above-0-10">Will HBAR Price Rise Above $0.10?</h2> 
After the double bottom breakout and the increasing momentum of market recovery, the HBAR price trend is looking very bullish. With buyers expecting a run to $0.10, our analysis suggests a potential retest before the bull run. If buyers can’t keep up the recovery momentum, the correction trend could drop to $0.060.

HBAR Price Jumps TO $0.10, Will Buyers Prolong This Ride?

Table of Contents

CoinPedia News

Other articles published on Jan 3, 2024

Shiba Inu (SHIB) Warning Alert: Shibarium Eyes Dramatic Changes in 2024

African tech startups raised $2.9 billion in 2023 as funding declined by 39% YOY

Miners Unload BTC to Exchanges

Binance Debuts Token with Name of Elon Musk's Start-up, xAI

Is Binance CEO Richard Teng Changing the Industry’s Messianic Narrative + More News

EU banking watchdog to probe links between banks and crypto entities

Join our free newsletter for daily crypto updates!