HBAR/USDT Holding Support Level
Updated
With today's bloodbath in many cryptos, such as BTC and ETH, I was expecting HBAR to follow their lead and drop with them.
However, HBAR has held steady, and did not drop below a key support line that I have previously identified.
With the recent pickup in new accounts created, and with stronger network effects, I believe we could see an HBAR price well above $1 if the crypto bull market continues.
Of course, HBAR could rise in price even if other cryptos stay depressed, but a more positive outlook on the entire crypto market will help HBAR a lot as well.
Let me know what you think.
However, HBAR has held steady, and did not drop below a key support line that I have previously identified.
With the recent pickup in new accounts created, and with stronger network effects, I believe we could see an HBAR price well above $1 if the crypto bull market continues.
Of course, HBAR could rise in price even if other cryptos stay depressed, but a more positive outlook on the entire crypto market will help HBAR a lot as well.
Let me know what you think.
Note
I would also watch the MACD indicator. If it manages to go to positive territory and hold there for a while, we could potentially see a massive inflow of money into HBAR again.
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