Summary:
HBAR (Hedera Hashgraph) is the native cryptocurrency of the Hedera network, utilizing Hashgraph technology instead of a traditional blockchain. It is known for its high speed, low transaction fees, strong security, and energy efficiency. HBAR is widely used for smart contracts, fast payments, and enterprise-level decentralized applications (dApps).
Technical Analysis:
HBAR has shown strong resistance during recent market downturns and is currently in a consolidation phase. It has formed a well-structured setup suitable for both long and short trades.
The price is currently forming a Descending Triangle, maintaining a flat support level while making lower highs.
• After breaking the trigger level, it could move up toward the triangle’s resistance.
• There is a possibility of a trading range forming, but if the price confirms a breakout above the triangle, a bullish move may begin.
• If the price loses support and breaks downward, we could see a continuation of the bearish wave.
This setup provides clear trading opportunities depending on the direction of the breakout.
HBAR (Hedera Hashgraph) is the native cryptocurrency of the Hedera network, utilizing Hashgraph technology instead of a traditional blockchain. It is known for its high speed, low transaction fees, strong security, and energy efficiency. HBAR is widely used for smart contracts, fast payments, and enterprise-level decentralized applications (dApps).
Technical Analysis:
HBAR has shown strong resistance during recent market downturns and is currently in a consolidation phase. It has formed a well-structured setup suitable for both long and short trades.
The price is currently forming a Descending Triangle, maintaining a flat support level while making lower highs.
• After breaking the trigger level, it could move up toward the triangle’s resistance.
• There is a possibility of a trading range forming, but if the price confirms a breakout above the triangle, a bullish move may begin.
• If the price loses support and breaks downward, we could see a continuation of the bearish wave.
This setup provides clear trading opportunities depending on the direction of the breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.