HBAR: Pullback in UptrendHedera Hashgraph (HBAR) technical analysis:
Trade setup : Price was rejected at $0.10 and broke out of Descending Triangle (bearish) below $0.08 support. Pullback to $0.06 support and 200-day moving average and could serve as an attractive swing entry area.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.06, then $0.04. The nearest Resistance Zone is $0.08, then $0.10.
Hbar
#HBAR/USDT Technical Analysis: Bullish Long-Term Outlook HBAR Technical Analysis: Bullish Long-Term Outlook Despite Short-Term Correction Expected:-
Based on the technical analysis, HBAR is currently trading at $0.072, representing a 100% gain from the recent bottom and a 170% increase from the previous low within the last two months. However, the chart indicates that $0.1 is a strong resistance level, and there is strong rejection from this level.
Furthermore, today marks the unlocking of 3 billion HBAR tokens, which could be perceived as negative news for current holders. There is a fear that those who have been holding these tokens for a long time may sell them in the market, resulting in a further decline in HBAR's price. Therefore, it is advisable to stay away from HBAR in the coming days.
As per the technical analysis, a 15-20% correction from the current level is expected, and HBAR may test the $0.05 level in the near future. However, in the long term, the outlook for HBAR is bullish, and it is recommended to accumulate it during significant dips.
The Fib retracement level shows that the 0.618 Fib retracement support is also at the $0.05 level, which implies that there could be a bounce from that point.
The upper side targets are considered to be the resistance levels, which are $0.1, $0.177, and $0.44. On the other hand, the support levels are $0.05 and $0.037.
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Hedera Takes on Carbon Neutrality and Growing App Ecosystem🌍📈Hedera (HBAR) Marketplace: Enterprise Solutions and Funding for Sustainable Development, DeFi, and Metaverse 🔥📈💰
The Hedera Governing Council is responsible for managing the network and consists of 39 highly diversified organizations and enterprises representing 11 unique sectors 🌍, including IBM, Google, Boeing, Deutsche Telekom, LG Electronics, Dell, Nomura, Standard Bank, Ubisoft, and more.
The HBAR Foundation is an organization that promotes the development of the Hedera ecosystem 🌱. The Foundation provides grants and other resources to startups, enterprises, and organizations that aim to launch applications in the areas of sustainable development ♻️, decentralized finance (DeFi) 💰, Fintech 💳, Metaverse 🌌, and other sectors. It has huge financial resources 💰💰, including a $100 million sustainable development fund ♻️, a $155 million DeFi-oriented fund 💰, and a $250 million Metaverse-oriented fund 🌌.
HBAR Foundation Awards Over $400 Million in Grants to Support 225 Projects
➖ In 2022, the HBAR Foundation awarded over $400 million in grants to support the development of 225 projects, with each dollar allocated to a specific purpose. Over 90% of the funding is tied to the completion of clearly defined project development stages. In the same year, the HBAR Foundation received almost 1,300 grant applications, which is more than 100 applications per month, indicating strong interest from developers and a growing ecosystem.
➖ In February 2022, the Smart Contracts 2.0 service was launched, bringing Ethereum Virtual Machine (EVM) compatibility and Solidity-based functionality to Hedera.
➖ In September 2022, LG (a member of the Hedera Governing Council) announced the launch of LG Art Lab, an NFT marketplace based on Hedera that allows LG SmartTV owners to find, buy, and sell Hedera NFTs directly on their TVs.
Exploring the Future of Tokenizing Investment Funds: abrdn and Hedera Partnership
🔎 Another member of the Hedera Governing Council, Scottish asset management company abrdn (managing £508 billion), is exploring the future prospects of tokenizing investment funds using Hedera for listing on digital exchanges.
👥 The project's leadership positions are held by individuals with experience working in leading corporations and government institutions. Recently, Nilmini Rubin was appointed Head of Global Policy, who previously worked as Director of International Finance at the US National Security Council.
Hedera Takes Lead in Carbon Neutrality and Prepares for Major Expansion in Q1 2023 🔥💰💻
🌱💰 Hedera, a regular attendee of the Davos Forum, has announced that environmental sustainability is now its primary value. The network has officially committed to operating with a negative carbon footprint, purchasing carbon offsets on a quarterly basis determined by Terrapass.
💰💰 HBAR, the native cryptocurrency of the Hedera network, has a fixed supply of 50 billion coins, with 26.35 billion currently in circulation. The Hedera Treasury distributes HBAR on a quarterly basis according to a distribution schedule that runs until 2025.
🚀 Hedera's Growth and Sustainability Initiatives 🌿🌍💹
In 2022, Hedera launched staking, reducing the number of coins in circulation. By the end of the year, 31.3 billion HBAR had been staked. The HBAR Foundation expects nearly 80 projects to be launched on the Hedera network by the end of Q1 2023, compared to only 89 applications at the end of 2022.
While only 89 applications are currently active on the Hedera network, 45% of them are grant recipients. This small number is offset by the rapid development of these projects, as most grants were only awarded in 2022. With the adoption of the Ethereum virtual machine, Hedera's expansion is set to accelerate.
Short Term Trade $HBARBullish divergence on the 1HR Time frame. Multiple time frame confluence on FIB retracement @ 0.0750$. Target near the green box for 10-15% potential gains.
Not financial advice, DYOR, Just a trade idea. Good luck.
HBAR Price Prediction As Bears Try To Shift The Momentum#HBAR Trading Price:- $0.077
According to the chart, HBAR is currently trading at a high resistance level of $0.77. Based on this, I expect to see a retracement from this level, which could potentially result in a 30% retracement from the red box resistance level.
In addition, there appears to be a strong inverse head and shoulder pattern forming on the weekly time frame, which is a bullish indicator for the long-term. However, it is important to note that this will only be valid if there is a breakout above the red neck line resistance area.
If the breakout is successful, the minimum target could potentially be a 128% increase, which would equate to around $0.2. However, it is important to exercise caution, as if the green box support is broken, there is the possibility of seeing another new low/bottom.
Key levels to keep an eye on include support at $0.055/$0.031 and resistance at $0.086/$0.2.
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Keep Your Eyes on HBAR#HBAR appears to be heading towards a retest of its trendline in the next hour on the 1-hour timeframe, which could result in a potential bounce if everything goes as expected. However, it's important to keep an eye on the trendline as a break below it could signal a bearish trend.
A break of static resistance is not yet confirmedWe saw that the resistance of the $0.080 to $0.085 range was broken. Importantly, resistance has been placed above this level in the $0.10 range, temporarily blocking HBAR price from further growth.
Therefore, the strong negative reaction that has been observed in the past few days can cause the price to enter the range trend this week.
The resistance support levels drawn on the chart can be considered reactive and important ranges, which can be used for short-term trades in case of the formation of return patterns in the low times.
Also, as long as the bottom of the channel is not broken, there is a potential for the trend to remain bullish in the 4-hour timeframe. A break of static resistance is not yet confirmed and requires daily candles to stabilize above this level.
HBARUSDT IDEAHBARUSD HBARUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
HBAR finally on the moveQuick update - broke out of falling wedge recently, held above weekly support last night. Next up is likely 8 and then 9.7 cents. Doubting we'll see a re-test at top of wedge (but possible), if any re-test at this point, more likely the top of weekly support.
Meanwhile, the HBAR/BTC pairing just broke above previously weekly lows, and if it holds above 261 by close today, we should see it rise above weekly support next as well:
Long-term plan is still expanded flat correction:
But, I have a running theory that most of crypto wants to see double-top here, with some outliers - HBAR may be an outlier considering it never ran as much as other promising technologies during the last bull stage:
HBAR How we caught the easy 60% Move 🔥💸When everyone is getting bearish most altcoins were hitting the weekly demand zone,One of the most lucrative coins for our team to look at was the HBAR coin which it hit the weekly demand zone. So we entered positions both in spot and future"s and we are currently up by 60%.
There are many more coins that have hit the weekly demand zone and have run higher from the bottom.
Message us if you have any queries and follow for more charts updates.
The old hbar idea is linked below.
✴️ Hedera Hashgraph | 260% Potential (Name Your Altcoin #26 ✅) The altcoins market continues to heat up and we move to HBARUSDT (Hedera Hashgraph) next at the request of one of our followers.
This altcoin pair went bullish by mid-January and has been consolidating for the past two weeks, with high volume and a strong RSI.
This is telling us that the bulls are in full control of the chart, since these signals are available while HBARUSDT trades above EMA21 and EMA10.
The next target is set at 61% at $0.11111 followed by 261% at $0.25868.
These targets can be hit in the short to mid-term (1-3 months).
Namaste.