Token

Hedera

BlackRock

<p>The post <a href="https://coinpedia.org/price-analysis/hbars-blackrock-rollercoaster-100-surge-47-plunge-whats-next/" rel="noopener noreferrer nofollow">HBAR’s BlackRock Rollercoaster: 100% Surge, 47% Plunge, What’s Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock’s ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor.</p>
<p>This resulted in a significant increase in the selling pressure for the altcoin in the market. Despite a correction of approximately 50%, the HBAR price is presently trading with a daily gain of 51.63% in valuation. Moreover, the altcoin has successfully claimed a spot in the top 25 cryptocurrencies.</p>
<h2 class="wp-block-heading" id="h-hedera-token-records-a-pump-and-dump-situation-today">Hedera Token Records A Pump And Dump Situation Today!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/" rel="noopener noreferrer nofollow">Hedera price</a> displayed a bearish price sentiment for the first month, indicating a weak buying pressure in the crypto market. However, as the volatility increased, the bulls successfully broke out of the resistance level and jumped 105% in valuation before facing rejection at $0.139.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/4DDv8XL_Soi5xah5RFMYGyG9QzOcDGy2x6bID48S8idBj94RaylgXcgSI61PxEH68VCVhYAaZwBA0oYOuqN7L5_d43UcSLhDEGVTsJRZr3letrbFCWtfUIIS_jD0OAlWS1gkn58XlUkUh_LeCEiHSdM" alt="Hedera Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: HBAR/USDT
 </figcaption>
</figure>
<p>After displaying a sideways trend for a while, the bulls lost momentum, resulting in the price losing 44.38% in its portfolio. Recently, the bulls recorded a significant jump of over 100% within hours and recorded a high of $0.180. Since then, the price has experienced increased selling pressure.</p>
<p>The Relative Strength Index (RSI) surpassed the overbought range, indicating a strong bullish price action in the market. However, the price recorded a sharp fall, indicating a mixed sentiment in the crypto space.</p>
<h2 class="wp-block-heading" id="h-will-hbar-price-ever-go-up">Will HBAR Price Ever Go Up?</h2>
<p>If the market holds the price above the support level of $0.139, the bulls will regain momentum and test its resistance level of $0.160. Maintaining the price at that level will set the stage for Hedera price to attempt to retest its upper high of $0.180 in the coming time.</p>
<p>Conversely, if the bulls fail to regain momentum, the HBAR price will continue trading under a bearish influence and prepare to test its lower support level of $0.120.</p>

HBAR’s BlackRock Rollercoaster: 100% Surge, 47% Plunge, What’s Next?

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