NFT Collection The Superlative Secret Society Price, Stats, and Review
FBI drops probe into Kraken’s founder Jesse Powell, returns seized devices
Nano Labs expands Binance Coin treasury reserve to $90m
Ethereum Based Meme Coin PEPETO Raises Above $5.5M in Presale
Cardano News: ETF Momentum Builds, Is ADA Set For Its Most Explosive Breakout Yet?
Charles Hoskinson Calls Out ‘Emotional Voting’ in Cardano Ecosystem
Bitcoin to $200K? Here’s What That Would Mean for Dogecoin, Remittix, Litecoin and Pi Network Prices
Solana Wild July – Top Solana Memecoins That Will Pump Next
Fundstrat’s Tom Lee: Bitcoin Could Reach Over $1 Million Becoming ‘Digital Gold’
FBI ends probe of Kraken co-founder, returns confiscated devices — Report
JPMorgan Eyes Crypto-Backed Loans Amid Shifting Regulatory Winds
Bitcoin at $1M forecast gains ground as money supply heads for $200 trillion
El Salvador’s ‘Daily Bitcoin’ claims crumble under IMF scrutiny
Ethereum Price Surge: Analysts Predict Final Bullish Phase Could Send ETH to $8K
Kaspa [KAS] soars 13% – But THIS resistance zone signals caution!
StablecoinX to Go Public With TLGY, Builds $360M ENA Reserve
Cardano Clash: Hoskinson Defends IOG Amid Whale Backlash
Pi Network (PI) Bucks Altcoin Trend, while Bitcoin Stalls near $120K
What does the US GENIUS Act mean for stablecoins?
Breaking: FBI Drops Two-Year Investigation Into Kraken Founder Jesse Powell
TRON Price Prediction: TRX Could Skyrocket To $1.50 If DeFi & NFTs Explode Across Its Network
SharpLink flexes treasury muscle with massive ETH buy, outmaneuvers rival BitMine
Best Crypto to Buy Now as Signals Point to an Altcoin Season Next
PNC Bank Embraces Crypto With Coinbase Collaboration
Ether ETFs Charge Ahead With $297 Million Inflow as Bitcoin ETFs Break Green Streak
HBAR Price Prediction: This Chart Pattern can Pull Hedera Price Out of Uncertainty and Trigger a 55% Move
HBAR Price Prediction: The hedera coin price in a correction phase for the past two months shows the formation of a symmetrical triangle pattern. In theory, this pattern is a continuation setup that may offer a short break before resuming the prevailing uptrend. Here’s how interested trades may trade this pattern to grab the upcoming recovery rally.
Key Points:
- The space between the triangle pattern is narrowed enough to consider a no-trading zone
- A breakout from either trendline of the triangle pattern is needed to trigger a direction move
- The intraday trading volume in the HBAR coin is $204.5 Million, indicating a 104% gain.
Source-Tradingview
Under the influence of the symmetrical triangle pattern, the Hedera price spread is narrowing within two converging trendlines. The price has reached nearly the peak of the triangle and is poised for a breakout move.
With a higher possibility, a breakout above the overhead trendline will signal the continuation of the prior uptrend. A daily candle closing above the trendline will offer buyers a strong launchpad to jump higher.
Also Read: 15 New Cryptocurrencies In Upcoming Binance Listing For 2023
The potential rally may surge the altcoin to $0.07, $0.079, or $0.1 recording a max gain of 55%.
On a contrary note, a breakdown below the pattern’s support trendline could worsen the situation for HBAR. This breakdown may also plunge the coin price below the 61.8% Fibonacci retracement level and accelerate the selling pressure.
Technical Indicator
Moving Average Convergence Divergence: the MACD(blue) and signal(orange) slope wavering around the midline indicates indecisiveness among market participants.
Exponential Moving Average: The 100-and-200-day EMA slope above the HBAR reflects the market sentiment is bearish.
Hedera Coin Price Intraday Levels
- Spot rate: $0.062
- Trend: Bullish
- Volatility: Medium
- Resistance levels- $0.07 and $0.079
- Support levels- $0.056 and $0.044
The post HBAR Price Prediction: This Chart Pattern can Pull Hedera Price Out of Uncertainty and Trigger a 55% Move appeared first on CoinGape.
