Hedera Hashgraph Price Prediction for Today, December 20 – HBAR Technical Analysis

Hedera Hashgraph price prediction shows that HBAR can stay above the 9-day and 21-day moving averages.

Hedera Hashgraph Prediction Statistics Data:

• Current Hedera Hashgraph price – $0.086
• Hedera Hashgraph market capitalization – $2.8 billion
• Hedera Hashgraph Circulation Volume – 33.5 billion
• Hedera Hashgraph total supply – 50 billion
• Hedera Hashgraph CoinMarketCap Ranking – 30th

HBAR/USD Market

Main level:

Resistance levels: $0.100, $0.105, $0.110

Support levels: $0.070, $0.065, $0.060

According to the daily chart, HBAR/USD is hovering above the 9-day and 21-day moving averages with the coin crossing the top of the channel. The cryptocurrency is likely to stay above the upper limit of the channel, which could generate additional profits if buyers keep their coins above this barrier.

Hedera Hashgraph Price Prediction: HBAR/USD Could Rise

Hedera Hashgraph price is trading bullishly. If the resistance at $0.090 is broken, the bulls may cross the upper boundary of the channel and the coin may establish a further bullish trend. According to the daily chart, the bullish scenario is pulling back into the market as buyers continue to post firm commitments to the market. However, if the coin regains the $0.090 resistance level, traders could see a sharp rise in the market. This could further strengthen the market towards resistance levels of $0.100, $0.105, and $0.110.

The downside is that if the coin falls below the 9- and 21-day moving averages, a lower swing could be seen in the market to retest previous support. However, if the downtrend energizes the market, traders can expect further declines to the support levels of $0.070, $0.065, and $0.060, respectively. On the other hand, the 9-day moving average remains above the 21-day moving average, indicating that the market may continue to rise.

HBAR/BTC is trading bullishly

Compared to Bitcoin, Hedera Hashgraph price remained above the 9-day and 21-day moving averages and exceeded the channel upper limit. However, this resistance level is actually expected to be exceeded and the market price could close above it.

On the other hand, if HBAR/BTC falls below the 21-day moving average, it could trigger a new low and is likely to meet key support below 165 SAT. Meanwhile, if the coin crosses the channel upper limit and stays above it, HBAR/BTC could hit potential resistance above 235 SAT as the 9-day MA remains above the 21-day MA.

Hedera Hashgraph Alternative

Hedera Hashgraph price is currently trading at an increase of 6.52% as it crosses the upper boundary of the channel. However, if the bulls increase the pressure, the market price could reach the potential resistance level of $0.090. Meanwhile, weakness could return to the market and cause the coin to slide towards the lower border of the channel.

Meanwhile, investors should seize opportunities in the cryptocurrency space with $BTCMTX, an innovative token outperforming established coins such as Hedera Hashgraph (HBAR), which ranks 30th on CoinMarketCap. With over $5.6 million in revenue during the pre-sale phase, $BTCMTX is poised for incredible growth. Investors are advised to take immediate action to lock in their investments at prevailing prices before the expected surge in value.

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more