altFINS

Hedera

Momentum

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-trends-and-price-movements/" data-wpel-link="internal">Crypto Market Trends and Price Movements</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/ethereum-name-service-ens-nedir" data-wpel-link="internal">The cryptocurrency</a> market has been stagnant lately with minimal price movements in most top <strong>altcoins</strong>. Hedera (HBAR) initially saw a significant 50% increase this week amid rumors about BlackRock’s involvement with the token. Will the rise continue?</p> 
<h2 id="hbar-experiences-a-surge">HBAR Experiences a Surge</h2> 
<p style="text-align: justify">However, it later emerged that the news was false, causing <strong>HBAR’s</strong> price to revert to its current level of around $0.11 as of the writing of this article. According to the crypto analytics platform altFINS, <a href="https://en.coin-turk.com/cardano-to-expand-mithril-in-africa/" data-wpel-link="internal">Cardano</a>‘s price is currently trading at around $0.46 and showing very little movement.</p> 
<p style="text-align: justify">Analyses indicate that <strong><a href="https://coin-turk.com/29-ekim-btc-eth-xrp-bch-bnb-link-dot-ltc-ada-ve-bsv-fiyat-analizi" data-wpel-link="internal">ADA</a></strong> is following a downward channel pattern with mixed trends. Investors experiencing volatility within price channel trend lines could signal a potential rapid price movement in the direction of the breakout. altFINS also stated that <a href="https://en.coin-turk.com/vodafone-germany-chooses-cardano-over-ethereum-for-nft-collection-project/" data-wpel-link="internal">ADA</a>‘s trend is bearish in the short and medium term, but bullish in the long term. Momentum indicators continue to show uncertainty. The MACD line is above the MACD signal line, but the RSI is below 45. Decreasing MACD Histogram bars indicate decreasing momentum. Key support levels for ADA are identified at $0.46 and $0.35, while resistance areas are set at $0.57, $0.65 to $0.68, and $0.80.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-345686 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/hdra-1.jpg" alt="" width="1228" height="492"></p> 
<h2 id="critical-levels-for-hbar">Critical Levels for HBAR</h2> 
<p style="text-align: justify">HBAR’s price rose to $0.18 due to BlackRock, but despite still being up 50% this week, it has fallen back to $0.11. According to altFINS, the bullish trend in HBAR’s formation could indicate a restart of the uptrend. Experts advise investors to expect the price to potentially find support at the $0.10 level, which could serve as an entry point for transactions. altFINS notes that HBAR’s trend is bearish in the medium term but bullish in the short and long term.</p> 
<p style="text-align: justify">Key support areas for HBAR are set at $0.12 and $0.10, while resistance areas are defined at $0.14 and $0.18. Some popular crypto analysts like CrediBULL believe that BlackRock is actually involved in the tokenization of HBAR.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-trends-and-price-movements/" data-wpel-link="internal">Crypto Market Trends and Price Movements</a></h5>

Crypto Market Trends and Price Movements

Table of Contents

COINTURK NEWS

Other articles published on Apr 29, 2024

Analysis of the YIEDL Security Breach

Omnichain Protocol Omnity Initiates Integration for Fee-Free Rune Token Trading

Dogecoin’s Resilience Redefines Crypto: Are Memecoins Becoming a Legitimate Asset Class? Experts ...

Trudeau proposes 67% Capital Gains Tax for stocks and crypto

Pakistan Propels Digital Currency Development to Boost Economy

Shiba Inu Prepares for Shibarium Network Overhaul with May 2nd Hard Fork

Join our free newsletter for daily crypto updates!