Hedera Hashgraph Price Prediction for Today, May 15 – HBAR Technical Analysis

adminMay 16, 2024

join us telegram A channel to stay up to date on breaking news coverage

Hedera Hashgraph price prediction shows that the slight bullish movement in Hedera (HBAR) remains intact as the coin targets the $0.1120 level.

HBAR Surge: Expert Analysis and Insights on Hedera from Mudrex

At the end of April 2024, HBAR witnessed an impressive surge of nearly 100%, pushing the price to $0.1810, hitting a two-year high. The catalyst for this surge came from a somewhat misinterpreted announcement from the HBAR Foundation, which caused confusion among cryptocurrency influencers and triggered a sharp rise in the price of the HBAR token.

Hedera Hashgraph Prediction Statistics Data:

Current Hedera Hashgraph price – $0.1100
Hedera Hashgraph market cap – $3.9 billion
Hedera Hashgraph Circulation Volume – 35.7 billion
Hedera Hashgraph total supply – 50 billion
Hedera Hashgraph CoinMarketCap Ranking – 26th

HBAR/USD Market

Main level:

Resistance levels: $0.1600, $0.1700, $0.1800

Support levels: $0.0600, $0.0500, $0.0400

Hedera Hashgraph Price Prediction for Today, May 15 – HBAR Technical Analysis — HBARUSD – Daily Chart

HBAR/USD is fluctuating between the 9-day moving average and the 21-day moving average, and the Hedera Hashgraph price is currently at $0.1100 after reaching a daily high of $0.1105. Despite early session attempts to rally as high as $0.1110, sustainable gains were not achieved. However, further attempts could potentially push the coin towards the upper boundary of the channel.

Hedera Hashgraph Price Prediction: HBAR/USD Should Stay Above $0.1100 Level

According to the daily chart, the longer the Hedera Hashgraph price remains stuck at its current trading level, the more likely it is that buyers will see the price decline towards the lower boundary of the channel. A break below the $0.1000 level could lead to a decline towards the support levels of $0.0600, $0.0500, and $0.0400.

Conversely, if the 9-day MA crosses the 21-day MA, Hedera (HBAR/USD) may show an upward trend. A break above the upper boundary of the channel could push the price towards potential resistance levels of $0.1600, $0.1700, and $0.1800. Buyers may also need to increase their buying pressure, which could indicate an upward trend in the market.

HBAR/BTC may be trading bearishly

Compared to Bitcoin, Hedera Hashgraph price appears to be falling below its 9- and 21-day moving averages, which are currently at 169 SAT. Although a bullish breakout is not imminent, Hedera Hashgraph (HBAR) could continue to trade sideways or hover below these moving averages if bears increase selling pressure.

Nonetheless, the trend is likely to remain in a range until the price breaks the moving average and heads north. However, if the coin rises and breaks above the upper boundary of the channel, it could potentially reach resistance levels above 240 SAT. Conversely, support levels are likely to occur below SAT 110.

In the latest analysis, @suliantoip shared insights with his extensive following of over 21,000 on X (formerly Twitter), highlighting $HBAR’s +35% surge since bottoming out. If his followers choose to follow suit, they are likely to benefit more.

$HBAR It’s up +35% since the bottom was called.
Follow us for more. https://t.co/KKJUP1n6cW pic.twitter.com/eFGG1tTBiZ
— Sulianto Indria Putra (@suliantoip) May 12, 2024

Alternatives to Hedera Hashgraph

Hedera Hashgraph is currently up 4.46% and has the potential to surpass the 9-day and 21-day moving averages. If the bullish momentum continues, the market price may reach the resistance level of $0.112. However, if bearish pressure arises again, the price may fall towards the lower boundary of the channel. Meanwhile, investors should seize the opportunity with $DOGEVERSE, an innovative token that is poised to outperform established coins such as Hedera Hashgraph (HBAR), which ranks 26th on CoinMarketCap. Having raised over $15 million in the pre-sale phase, Dogeverse is poised for significant growth. Investors are advised to act quickly to secure their investment at current prices before the expected surge in value.

Time is running out: 100x presale is ending soon!

Don’t hesitate any longer. Time is running out for Dogeverse’s 100x pre-sale! This is your last chance to acquire a stake in a project with tremendous growth potential. With pre-sale coming to an end, now is your chance to be a part of something special.

You can enjoy the benefits of Dogeverse now.