Hedera

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Hedera (HBAR) price showed a flag pattern breakout and looks bullish.</a></li>
 <li><span>2</span> <a>Buyers have picked strength and retested the trendline mark of $0.1000.</a></li>
</ul>
<p>HBAR crypto trades in a bullish bias and buyers are ruling the trend decisively. Recently, a much awaited breakout was witnessed and a surge over 25% in the last two weeks was noted.</p>
<p>The overall trend is bullish and the token is poised for an up move and may deliver the bullish delights in the next sessions.</p>
<p>At press time, the <a href="https://www.thecoinrepublic.com/2024/04/05/hedera-hashgraph-price-prediction-will-hbar-price-rebound/" target="_blank" rel="noopener noreferrer nofollow">Hedera </a>Hashgraph token (HBAR) price traded at $0.1101 with an intraday gain of 0.22%, reflecting a bullish stance. It has a monthly return ratio of 5.13% and 89.71% yearly, signifying a long term bullish trend.</p>
<p>The pair of HBAR/BTC is at 0.00000173 BTC, and the market cap is $3.94 Billion. Analysts are bullish and suggest that the HBAR crypto may replicate a sharp bull run and will reach the upside of $0.1500 shortly.</p>
<h2 class="wp-block-heading" id="strong-what-s-next-for-hbar-crypto-after-flag-breakout-strong"><strong>What’s Next For HBAR Crypto After Flag Breakout?</strong></h2>
<p>On the daily charts, the Hedera Hashgraph token has retested the trendline region of $0.0900 and rebounded from the 200 day EMA mark this week. Meanwhile, the buyers have started accumulating and eyeing to defeat the seller army.</p> <iframe loading="lazy" title="Santiment Chart: Price (HBAR), Volume (HBAR)" width="1170" height="400" src="https://embed.santiment.net/chart?ps=hedera-hashgraph&amp;pt=HBAR&amp;df=2023-11-03T18%3A29%3A59.188Z&amp;dt=2024-05-03T18%3A29%3A59.188Z&amp;sat=shchcfg_Q6z_unxPCNDG&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The intraday trading volume dropped over 45% to $149.44 Million, reflecting low volume buying, which is a prime concern. A break and close above the $0.1200 would confirm the up move and will be a fresh buy opportunity later.</p>
<h3 class="wp-block-heading" id="strong-hbar-shows-sharp-price-volatility-what-does-it-mean-strong"><strong>HBAR Shows Sharp Price Volatility, What Does It Mean?</strong></h3>
<p>Per the Santiment data, the price volatility curve reflected roller coaster moves last week and is displaying massive fluctuations. The volatility curve suddenly spiked over 38% and then dropped over 43%, noting around 0.026, implying sharp trading activity.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (HBAR), Weighted sentiment (Total) (HBAR)" width="1170" height="400" src="https://embed.santiment.net/chart?ps=hedera-hashgraph&amp;pt=HBAR&amp;df=2023-11-03T18%3A29%3A59.188Z&amp;dt=2024-05-03T18%3A29%3A59.188Z&amp;sat=shchcfg_Q6z_unxPCNDG&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The weighted sentiment data remained stable and stayed close to the midline, noted at 0.08 mark, implying neutral outlook among the investors.</p>
<h4 class="wp-block-heading"><strong>What Does Development Activity and Open Interest Data Suggest?</strong></h4>
<p>The development activity data showed a consistent up move and has delivered a down move over 4.37% to 434. This data highlights the short term bullish trend and investors are showcasing their interest.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (HBAR), Total Open Interest in USD (HBAR)" width="1170" height="400" src="https://embed.santiment.net/chart?ps=hedera-hashgraph&amp;pt=HBAR&amp;df=2023-11-03T18%3A29%3A59.188Z&amp;dt=2024-05-03T18%3A29%3A59.188Z&amp;sat=shchcfg_Q6z_unxPCNDG&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Btotal_open_interest&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>However, the derivative data signifies short covering data in the past weeks, open interest dropped over 7.89% to $70.18 Million. However, this week, followed by a price up move, the buyers are making fresh long additions and putting efforts to initiate an up move.</p>
<p>HBAR market cap soared by 0.87% to $5.99 Billion, whereas the total supply was noted at 73.68 million. However, the coin ranked at 24 per the market cap listing.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The HBAR price crossed the key moving averages and is directing buying momentum in the last sessions. Similarly, the trend is bullish and technical indicators are suggesting further upside toward $0.1400.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.1000 and $0.0960</p>
<p><strong>Resistance Levels:</strong> $0.1300 and $0.1500&nbsp;</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

HBAR Gained Momentum: Can HBAR Stretch Its Ascent Toward $0.1500?

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Thecoinrepublic.com

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