Hedera Price Prediction: HBAR Holds $0.14 Support as Market Cap Hits $6.1B
The post Hedera Price Prediction: HBAR Holds $0.14 Support as Market Cap Hits $6.1B appeared on BitcoinEthereumNews.com. This pattern is marked by a sequence of lower highs and lower lows, where price consistently fails to break the channel’s upper resistance line. Hedera Hashgraph (HBAR) price prediction is clinging to the $0.14 support level after failing to break through a critical resistance zone near $0.15. Market participants are closely monitoring whether HBAR will continue within its downtrend or build momentum for a reversal. Despite recent declines, short-term chart formations suggest a potential shift in sentiment. However, a decisive move is needed before a clear trend direction emerges. Descending Channel Signals Continued Pressure Below $0.15 The 4-hour chart recently shared by @AltwolfCrypto highlights a descending channel that has guided HBAR’s movement since early May. The 50 EMA has reinforced this downtrend, acting as dynamic resistance during every attempted recovery. Each rejection around the $0.15 mark has aligned with the channel’s upper boundary, making it a pivotal level for traders watching for either continuation or reversal. Source: X HBAR’s price prediction, most recent rejection near $0.15, suggests the pattern remains intact, with a projected path pointing toward the $0.125 region, where prior support has historically attracted buying interest. The channel is well respected, and unless the price closes convincingly above both the 50 EMA and descending resistance, the bias remains tilted to the downside. AltWolf’s analysis emphasizes how tightly the asset is being compressed within this bearish structure, creating pressure that could soon result in a breakout or deeper correction. Market Data Reflects Cautious Sentiment Despite Strong Fundamentals Additionally, HBAR is currently trading at $0.14, down 4.45% over the past 24 hours, according to Brave New Coin. The asset maintains a solid market position, ranking #29 globally with a market capitalization of over $6.1 billion. The circulating supply stands at approximately 42.37 billion tokens, and 24-hour trading volume is near…
The post Hedera Price Prediction: HBAR Holds $0.14 Support as Market Cap Hits $6.1B appeared on BitcoinEthereumNews.com.
This pattern is marked by a sequence of lower highs and lower lows, where price consistently fails to break the channel’s upper resistance line. Hedera Hashgraph (HBAR) price prediction is clinging to the $0.14 support level after failing to break through a critical resistance zone near $0.15. Market participants are closely monitoring whether HBAR will continue within its downtrend or build momentum for a reversal. Despite recent declines, short-term chart formations suggest a potential shift in sentiment. However, a decisive move is needed before a clear trend direction emerges. Descending Channel Signals Continued Pressure Below $0.15 The 4-hour chart recently shared by @AltwolfCrypto highlights a descending channel that has guided HBAR’s movement since early May. The 50 EMA has reinforced this downtrend, acting as dynamic resistance during every attempted recovery. Each rejection around the $0.15 mark has aligned with the channel’s upper boundary, making it a pivotal level for traders watching for either continuation or reversal. Source: X HBAR’s price prediction, most recent rejection near $0.15, suggests the pattern remains intact, with a projected path pointing toward the $0.125 region, where prior support has historically attracted buying interest. The channel is well respected, and unless the price closes convincingly above both the 50 EMA and descending resistance, the bias remains tilted to the downside. AltWolf’s analysis emphasizes how tightly the asset is being compressed within this bearish structure, creating pressure that could soon result in a breakout or deeper correction. Market Data Reflects Cautious Sentiment Despite Strong Fundamentals Additionally, HBAR is currently trading at $0.14, down 4.45% over the past 24 hours, according to Brave New Coin. The asset maintains a solid market position, ranking #29 globally with a market capitalization of over $6.1 billion. The circulating supply stands at approximately 42.37 billion tokens, and 24-hour trading volume is near…
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