Hedera

The collaboration between Hitachi US and the Hedera Council marks a substantial merger of industrial know-how with cutting-edge blockchain technology.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-1.png?fit&#61;900%2C300&amp;ssl&#61;1" />CryptosHeadlines Platform Has Launched its Native token <a href="https://cryptosheadlinestoken.com/" rel="noopener noreferrer nofollow">Get Waitlisted Now</a>Focused on spearheading proof-of-concepts in supply chain and sustainability, the partnership capitalizes on Hitachi’s extensive industry knowledge. However, <a href="https://cryptosheadlines.com/thorchain-rune-exhibits-recovery-indications-amid-bearish-market-trend/" rel="noopener noreferrer nofollow">market trends surrounding Hedera’s HBAR token indicate</a> volatility, with ongoing selling pressure and a possible impending price decline, as indicated by technical indicators.<h3 id="hitachi-us-joins-hedera-council-for-blockchain-innovation">Hitachi US Joins Hedera Council for Blockchain Innovation</h3>Hitachi US and Hedera Council have <a href="https://cryptosheadlines.com/binance-listed-meme-token-joins-forces-with-64-billion-bitcoin-company/" rel="noopener noreferrer nofollow">joined forces</a>, aiming to blend Hitachi’s industry expertise with Hedera’s blockchain tech. The collaboration plans to initiate projects developing proof-of-concepts for holistic supply chain and sustainability solutions in the <a href="https://cryptosheadlines.com/ibm-ceo-says-ai-could-replace-7800-jobs-in-the-coming-years/" rel="noopener noreferrer nofollow">coming year</a>.Hitachi US, known for diverse products in electronics, healthcare, energy, and IoT, brings innovation to the industrial sector. Their integration into the Hedera Council indicates a move to leverage their experience for transformative industrial applications. The partnership is expected to showcase the practical use of web3 technologies in real-world scenarios.<h3 id="hbar-market-impact-and-technical-analysis-post-hitachi-us-hedera-council">HBAR Market Impact and Technical Analysis Post Hitachi-US-Hedera-Council</h3>The announcement of Hitachi US joining the Hedera Council has reverberated in the <a href="https://cryptosheadlines.com/binance-trying-to-again-enter-in-japanese-crypto-market/" rel="noopener noreferrer nofollow">crypto market</a>, influencing the price of Hedera’s native token, HBAR. Currently priced at around $0.07847, HBAR experienced declines of 1.75% in the last day and 0.56% over the past week. Despite these fluctuations, Hedera maintains a substantial <a href="https://cryptosheadlines.com/usdt-market-cap-reaches-record-high-binance-ceo-cz-acknowledges-with-busd-tweet/" rel="noopener noreferrer nofollow">market cap</a> of $2,638,745,973, underscoring its prominence in the cryptocurrency space.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/cryptosheadlines003-8.webp?resize&#61;640%2C360&amp;ssl&#61;1" />HBAR/USDT 1-Day chart (Source: <a href="https://www.google.com/url?q&#61;https://coinmarketcap.com/currencies/hedera/&amp;sa&#61;D&amp;source&#61;editors&amp;ust&#61;1705344390415306&amp;usg&#61;AOvVaw2VciUhE5kZHAf6mzHdyVuF" rel="noopener noreferrer nofollow">Coinmarketcap</a>)However, a closer look at the technical analysis of HBAR’s price movement reveals a <a href="https://cryptosheadlines.com/top-brands-embrace-crypto-despite-mixed-sentiments-among-americans/" rel="noopener noreferrer nofollow">mixed sentiment</a> in the market. The Chaikin Money Flow indicator on the 4-hour chart signals selling pressure, with a downward movement at -0.11, indicating a higher likelihood of investors disposing of their assets and a <a href="https://cryptosheadlines.com/shib-burn-rate-accelerates-price-continues-to-struggle-in-the-red-zone/" rel="noopener noreferrer nofollow">continued decline in prices</a>.<a href="https://cryptosheadlines.com/bitcoins-bull-run-pauses-ahead-of-halving-event/" rel="noopener noreferrer nofollow">Also Read: Bitcoin&#39;s Bull Run Pauses Ahead of Halving Event</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/cryptosheadlines004-7.webp?resize&#61;640%2C267&amp;ssl&#61;1" />HBAR/USDT 4-Hour chart (Source: <a href="https://www.google.com/url?q&#61;https://www.tradingview.com/chart/0eJ6nT9l/?symbol%3DBINANCE%253AHBARUSDT&amp;sa&#61;D&amp;source&#61;editors&amp;ust&#61;1705344390415907&amp;usg&#61;AOvVaw34WcCsU3gL7gl6J3nddz8R" rel="noopener noreferrer nofollow">Tradingview</a>)Adding to the complexity of market sentiment, the MACD line is currently below its signal in the 4-hour chart, presenting a bearish indicator. This aligns with the concept of selling pressure and strengthens the probability of a downward price movement. Traders are advised to exercise caution and consider this crossover as a potential confirmation of a trend reversal while making their trading decisions.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Hitachi US and Hedera Council Partnership: Market Downturn Warning

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