HBAR Price Analysis: Hedara Price hints Reversal Within Channel Pattern

With the prolonged uptrend continuation in a rising channel, the HBAR prices skyrocket above the $0.080 mark. Furthermore, the reversal rally jumps 48% in the last five weeks resulting in the break out of the 50-day EMA.

Timeline of Hedera-hashgraph

Roughly two months ago, we explored HBAR's price action which was in the process of forming a cup and handle pattern. Fast forward to the present and that pattern has become more defined and seems to have reached its mid-point.

The ongoing rally with increasing volume activity indicates sustained recovery in Hedera (HBAR) price. In addition, this run-up breached the $0.075 neckline resistance of the inverted head and shoulder pattern, offering further growth opportunities for coin holders.

Hedera's native cryptocurrency HBAR has finally found a new price floor after a bearish performance that has gone on for months. It bottomed out near the $0.060 price level in June and retested the same support line in the first week of July.

Hedera (HBAR) has seen its market value drop from almost $7bn to $1.5bn in the recent crypto market crash. Despite the move downwards in price the project has interest from some of the biggest companies in the world.

Investors looking for the right coins to buy after the recent bear market should consider Hedera (HBAR) and Stellar Lumens (XLM). Both projects have got the backing of corporate giants in the technology and payments world and that could be a launchpad for future partnerships.

There are a growing number of cryptocurrencies on the market, and it can be difficult to decide which ones to buy into. This article looks at three promising coins to buy into Parody Coin (PARO), Solana (SOL) and Hedera (HBAR).

Hedera Hashgraph (CRYPTO: HBAR) has given a grant for the P2E racing game Meta Wizards to be built on its network. What Happened: On June 17, Hedera Hashgraph gave a grant to Meta Wizards, and in return, the company will be building the P2E racing game upon Hedera's network.

The HBAR Foundation has announced that it will be joining hands with the Dropper NFT in order to launch some services for them. Meanwhile, Its native token (HBAR)'s 24-hour trading volume has jumped by 30%.

Are you bored of watching red candles on your crypto portfolio? Then we strongly suggest that you consider adding Mehracki (MKI), Internet Computer (ICP), and Hedera (HBAR) to your investment portfolio. These 3 cryptoscan be added periodically and you should try to accumulate huge volumes in order to transform your portfolio and turn it into …

There is a distinct history and user base for every alternative cryptocurrency, or “altcoin.” Despite the abundance of alternative cryptocurrencies, not all of them are worthwhile investments. This could lead to a big price increase in the long run, as some may prove useful and desirable for a wide range of tasks. However, some of …