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HBARUSDT

$HBAR.XHedera’s Token Price Spikes Prematurely After Google Joins the Network's Governing Council The cloud services arm of the Silicon Valley tech giant becomes the 11th member to join the council, but has no plans to further endorse the network. After Hedera Hashgraph announced Google would be joining its governing council on Tuesday, the price of the network’s native token HBAR rose above 5 cents for the first time since the network’s launch and above 2 cents for the first time in a month. As part of the body of advisers who oversee software changes for the network and ensure the hashgraph’s decentralization, Google Cloud Platform will run a node and make hashgraph analytics available alongside Google’s other public DLT datasets, Google Cloud developer advocate Allen Day wrote in a blog post. It’s the eleventh member of the council, and joins the likes of IBM, Tata Communications and Nomura Holdings. (To be clear, Google is joining the council, but Google Cloud Platform is running the node and providing analytics.) However, HBAR holders seem to have been reacting to headlines: The cloud services subsidiary has no plans to further invest in the Hedera network. Google’s Day told CoinDesk via email that it was “too early to say” what resources the company would provide or what analytics it would make available. (On Wednesday, when Day sent the statement to CoinDesk, HBAR peaked at nearly 7 cents; the token dipped to 5 cents as of press time.) “We’re not providing material financial support, purchasing Hedera coins or providing any other endorsement of Hedera’s network or currency,” he said. Google also said it has no plans to use the Hedera Consensus Service, which allows members to plug private networks into the public network. The service launched on Hedera’s mainnet this week. Rather, Google joined to “provide technical guidance and validate the technology,” Day said. “We are focused on developing solutions that drive real business value across the financial services ecosystem, from capital markets to retail banking and the DLT space. Google's Day lauded Hedera's speed and “inexpensive transactions with finality,” in a blog post published Tuesday. The hashgraph is smaller than normal blockchains because it does not store all transaction history (though it can be optionally stored on a “mirror” network). Hedera's public testnets and mirror nodes run on Google Cloud. When Hedera Hashgraph had its mainnet launch in September, 10 of the 39 governing council slots were filled. Even as the price of the network’s token, HBAR, tanked and Hedera delayed token distributions to SAFT holders in an effort to shore up the price, none of the members have left the governing council. “I’ve followed Hashgraph from the beginning, and have always looked beyond the token,” said Steve Wilson, a principal analyst at emerging technologies advisory firm Constellation Research. “As I see it, it wasn’t actually designed primarily to support a coin – like BTC and ETH were. So it delivers a better mix of performance, security and determinism.” Correction (Feb. 14, 20:50): An earlier version of this story incorrectly listed Google Cloud Platform as the entity joining the Hedera governing council. Following the publication of this article, a spokesperson clarified that Google, not its cloud subsidiary, as was originally announced in a press release, would be joining the council.
BINANCE:HBARUSDLong
by BADQOMOCAWGOWLD
HBAR Sets New All Time High As Bulls Maintain Their Power-HBAR is up nearly 95% over the last week 
-Price has formed an ascending channel
 -25 MA has continued to act as support

 Hedera Hashgraph (HBAR) has been outperforming the overall crypto market over the last week as prices have risen nearly 100% from $0.24 to $0.49. HBAR refers to itself as the “trust layer of the internet”. Hedera is a public network that allows individuals and businesses to create powerful decentralized applications (Dapps). HBAR has been growing in popularity & market cap rankings as its now the 39th largest cryptocurrency. HBAR was designed to be a fairer, more efficient system that eliminates the limitations that older blockchains face. 

Ever since the large market fall that occurred on September 7th, HBAR has been on an immensely strong uptrend. This uptrend has pushed HBAR to a new all time high of $0.49. Throughout this period, HBAR has formed an ascending channel formation (shown in light blue). The top trend of this channel has acted as a major resistance as each time price has reached it, it has gotten rejected back down to the median line of the channel (shown in red). At the time of writing, HBAR is trading within a major resistance zone of $0.45-$0.486. If bulls manage to break & hold this zone, we should expect price to reach the target given. 

Throughout this run up over the last week, HBAR has only touched the bottom trend of its ascending channel once. This shows that bulls are immensely in control as price continues to hug the top trend of its channel. At the time of writing, Hedera Hashgraph is trading above a minor support of $0.45. If bulls lose power & HBAR gets pulled below this mark, expect prices to drop to the major support of $0.423. If this level fails to hold, expect price to drop further to the major support of $0.389. This would bring HBAR to the bottom trend of its channel. Along with this trend lies the 25MA. This MA has held for nearly a week now & a break below will likely cause a bearish trend change. 

While looking at the Stochastic RSI, we can see strength is now heading towards the overbought region. If strength continues higher & enters within this zone, HBAR may be in for a push to a new all time high. The MACD has been stuck within a linear uptrend for the past few days. This continues bullish until the blue MA crossed below the orange MA.

 HBAR Intraday Analysis Spot rate: $0.467 Trend: Bullish Volatility: Medium Support: $0.4527 Resistance: $0.486
by CoinGape
HBAR pennant with RSI confirmation and large W pattern brewingForecasting #hbar price action over the next 7-10 days, which includes a weekend. Hedera's 2 year Open Access anniversary on 16 Sept carries potential for maximum marketing impact, newsworthy announcement(s) would be unsurprising. Recent (last 2-3 weeks) track record has seen (a) a new GC member announcement in LSE and (b) a comprehensive study on DLT energy consumption being released by UCL (also a GC member) showing HH as the most efficient DLT platform BY FAR. At a pace of news releasing every 10-14 days, timing is perfect and will trigger a massive pump before 19 Sept given all indications. TA forecast ~0.43c based on Fib retracement, pennant and W patterns FA forecast ~0.50c if price action coincides with positive news over the next 10 days. Market sentiment strong (@CredibleCrypto, @dobuybitcoin, @hbarprice, et al.)
Long
by i004909
2
HBARUSDT signalHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: 0.275-0.285 target: 0.31 and 0.33 after first target reached move ur stop to breakeven stop: ~0.265 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 3.5 Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
Is HBAR/BTC getting ready for a great move up?With positive fundamental news coming to HBAR in the past few weeks and days (LSE as GC member, NFT support on Mainnet, and rumours about a Fortune 10 company...), HBAR could be setting up for a breakout against Bitcoin. My thoughts is that if we take out the resistance level at .575, we could potentially test All-time-highs in the pair again. I will be watching if HBAR/BTC manages to stay above my 14 Day EMA. There is also a smaller wedge forming, with the same level of .575 to watch on the upside. As for the downside, pay attention to the .540 level as that could send the pair lower for a while. This is why it is important that HBAR continues to participate in the current bullrun, and does not fall too behind BTC's performance.
Long
by Amci99