Hedera Hashgraph (HBAR) In Sight of $0.3500 Price Level

Price action in Hedera Hashgraph has progressed upward over the past two sessions. Today’s trading session has continued this trend, with the token’s price increasing by an additional 3.12%. The market currently stands on favorable grounds to continue moving north.

HBAR Statistics

Current Price of HBAR: $0.3227

Hedera Hashgraph Market Capitalization: $13.13B

Circulating Supply of HBAR: 50B

HBAR’s Total Supply: 38.25B

Hedera Hashgraph’s CoinMarketCap Rank: 16

Key Price Levels

Resistance: $0.3500, $0.4000, $0.4500

Support: $0.3000, $0.2500, $0.2000

Tailwind Can Still Propel HBAR Price Through the $0.3500 Ceiling

The Hedera Hashgraph market remains green today, despite experiencing stronger price increases in the previous session. However, the current session has faced some pressure, leading to a contraction in the corresponding price candle.

Nevertheless, buyers continue to lead. Additionally, price action remains above all Moving Average (MA) lines. Furthermore, the Stochastic Relative Strength Index (RSI) lines are still pointing upwards, suggesting the potential for further price increases.

Hedera Hashgraph Bulls Preserve Positivity

Analysis of the HBAR market on the 4-hour chart indicates that upside forces are advancing, albeit facing headwind resistance. This has resulted in reduced gains compared to the previous trading session.

Nonetheless, price action remains above all MA lines, with buyers maintaining significant influence. While the Stochastic RSI lines show signs of exhaustion by entering the overbought region, their upward projection in this region still indicates potential for upside momentum to push through the $0.3500 price level towards the $0.4000 mark.

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