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HEDERA PRICE ANALYSIS & PREDICTION (March 7) – Hbar Sees 5% Daily Gains as Crypto Market Falls, Still Remains Bearish

Recovering slightly from yesterday's drops, Hbar posted a few gains today as it slowly climbs back. It currently looks strong but will likely resume bearish if the supply level continues to increase weekly. After a short increase last week, Hbar resumes selling on Monday after facing a rejection under $0.3 last weekend. It later found support above $0.2 and increased on Tuesday. The increase halted the following day, and the price dropped. Today, the price increased and showed strength amid the overnight reductions in altcoins' prices. This has brought a minor gain, but with the look of things, there's no assurance if the gain will hold for long. The current daily bearish bias may be sustained during the Asian session. And if that happens, Hbar may lose momentum and join other altcoins in a fresh dip. A change in the […]

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HEDERA PRICE ANALYSIS & PREDICTION (February 20) –Hbar Bounces Slightly After Weeks of Drops, Find Temporal Support

Hbar continued to recover after shedding massive losses in the past weeks. However, its outlook remains bearish on the daily chart but is now showing signs of strength after locating support. The aftermath of the early month crash has caused a lot skepticism among investors, although few mid-cap altcoins have seen a slight recovery but Hbar remains red amid rising supply. On Tuesday, the crypto found temporal support after testing the $0.19 level. It bounced off this level and increased near $0.23, retesting a recently broken minor support level as resistance. A rejection occurred there and the price retraced to where it currently trades at $0.22. The bears are still gaining dominance on the daily chart. If they step back into action, the price will continue to dip until exhaustion sets in. Meanwhile, the bulls are currently pessimistic about the […]

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