HBAR/USD Rises as Price Touches $0.055 Resistance

The Hedera price prediction reveals that HBAR could stay above the 9-day and 21-day moving averages for it to create more additional uptrends.

Hedera Prediction Statistics Data:

• Hedera price now – $0.053
• Hedera market cap – $1.69 billion
• Hedera circulating supply – 32.2 billion
• Hedera total supply – 50 billion
• Hedera Coinmarketcap ranking – #33

HBAR /USD Market

Key Levels:

Resistance levels: $0.060, $0.062, $0.064

Support levels: $0.046, $0.044, $0.042

Looking at the daily chart, HBAR/USD is hovering above the 9-day and 21-day moving averages within the channel. The cryptocurrency is likely to cross above the upper boundary of the channel, and should the buyers push the coin above this barrier, it may remain on the upside.

Hedera Price Prediction: Hedera May Create Additional Upsides

The Hedera price is trading bullishly, if the resistance of $0.055 gives way, the bulls may cross above the upper boundary of the channel, and the coin could create additional bullish trends. According to the daily chart, the bullish scenario is stepping back into the market as buyers continue to post firm commitments into the market. However, traders could see a sharp rise in the market if the coin reclaims the resistance level of $0.055; this could further strengthen the market to the resistance levels of $0.060, $0.062, and $0.064.

On the downside, a lower possible swing may likely come into the market to retest the previous support if the coin slide below the 9-day and 21-day moving averages. However, if the bears manage to fuel the market, traders may expect a further drop to the support levels of $0.046, $0.044, and $0.042 respectively. On the other hand, the technical indicator Relative Strength Index (14) is now crossing above the 60-level, indicating that the market may continue with the upward movement.

Against Bitcoin, the Hedera price remains above the 9-day and 21-day moving averages in other to cross above the upper boundary of the channel. However, this resistance level is expected to effectively exceed so that the market price may end up closing above it.

On the other hand, if HBAR/BTC trades below the moving averages, it could refresh lows and could meet the major support at 160 SAT and below. Meanwhile, if the coin crosses above the upper boundary of the channel, HBAR/BTC could hit the potential resistance at 200 SAT and above as the technical indicator Relative Strength Index (14) moves to cross into the overbought region.

Hedera Alternatives

The Hedera price may need to cross above the upper boundary of the channel to confirm the bullish trend and may need to stay there to create additional gains. Meanwhile, if the sellers bring the price lower, traders can expect a very strong support at $0.050; this could then be followed up with another support at $0.045.

Meanwhile, as part of Wall Street Memes’ marketing strategy, the team has launched an airdrop campaign for presale supporters. This campaign will see a whopping $50,000 worth of $WSM split between five lucky winners. At the moment, the token has raised close to $16m so far in the ongoing presale.

Wall Street Memes – Next Big Crypto

• Early Access Presale Live Now
• Established Community of Stocks & Crypto Traders
• Featured on BeInCrypto, Bitcoinist, Yahoo Finance
• Rated Best Crypto to Buy Now In Meme Coin Sector
• Team Behind OpenSea NFT Collection – Wall St Bulls
• Tweets Replied to by Elon Musk