Bulllish RSI Divergence Set Hedera Price Rally To Hit $0.084

A bullish reversal from the $0.056 support hints at the formation of a double-bottom pattern. Moreover, this bullish pattern is quite well known at the market bottom and bolsters a strong bullish rally upon the breakout of its neckline resistance.

Timeline of Hedera-hashgraph

Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today's session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing.

Hedera (HBAR) is a leading cryptocurrency project focused on creating an energy-efficient layer-1 blockchain fit for enterprise purposes. Now, the price of HBAR has risen by an impressive 8% in a single day. Could this be the momentum needed to push HBAR to $1? 

Hedera [HBAR] was subject to a 8% price rise from $0.055 to $0.608 in the past week, thanks to a social push from its community. According to LunarCrush, HBAR had over 200 million social engagements, with 44,346 mentions and 418 active contributors.

The bull cycle within the descending triangle pattern encourages buyers to hit the $0.0622 resistance. Until the price action remains trapped in this pattern, the altcoin will continue to walk sideways.

HBAR's price shows the market a glimpse of bullish hope as the price broke out of its long-range movement with strong volume. HBAR trades above key resistance as price breaks out of range holding above 8 and 20-day EMA.

abrdn plc, a global investment company based in Scotland that reports £508 billion in assets and 5000 employees, has joined the Hedera Governing Council. According to Hedera, abrdn will move to make Hedera the technology of choice for investment fund tokenization.

U.K. investment company Abrdn has joined the Hedera Governing Council to improve fund management using Hedera Hashgraph's technology. The post UK Investment Firm Abrdn Continues Crypto Push With Hedera (HBAR) appeared first on BeInCrypto.

UK investment firm Abrdn is taking another major leap into digital assets space by joining the Hedera Governing Council. The post Abrdn takes another step into digital assets with Hedera partnership appeared first on The Block.

Hedera's [HBAR] development activity witnessed consistent growth since November 2018 as per recent data from Santiment. The network ranked third and stood behind Polkadot [DOT] and Cardano [ADA].

Hedera Hashgraph, the sleeping giant of the cryptocurrency market was assumed to surge by a large margin with the market turning bullish. HBAR price has climbed by 1.05% over the last day to reach $0.058256. It is one of those coins that includes strong long-term technicals, prominent participants, and investors.