Hedera Hashgraph (HBAR) Presents Only Minimal Profit

The Hedra Hashgraph market as of today has only posted minimal gains. Yet, this crypto has made it to the second spot on the crypto daily movers list. HBAR has experienced just a 1.44% increase in price and now values at $0.6100. Let’s see if more can be expected from this market.

HBAR Analysis Data:
Hedera Hashgraph value now: $0.06100
HBAR market cap: $1,704,158,495
HBAR moving supply: 28,078,985,416
Hedera Hashgraph Supply: 50,000,000,000
HBAR Coinmarketcap ranking: #33

Major Price Levels:
Top: $0.06100, $0.06150, and $0.06200
Base: $0.06050, $0.0600, and $0.05050

Hedera Hashgraph (HBAR) Finds Support at the 61.80% Fibonacci Retracement Level

On the Hedera Hashgraph daily chart, it could be perceived that this market has been on a downward trend for a considerable length of time. However, it appears that at this point the market is attempting an upside pullback. This is coming from the fact that the last price candle is green and seems to be sitting at the 61.80 Fibonacci Retracement support level. However, the magnitude of the price candle hasn’t been of much significance. Consequently, this seems to be the reason why the line of the RSI indicator is still pointing slightly downward following a crossover. At this point, there is a need for more confirmation, and traders will need to exercise some patience before making decisions in this market.

Hedera Hashgraph (HBAR) Is Attempting to Extend Profits

On the 4-hour market, it appears that the HBAR/USD price action is trying to extend its profit towards higher price marks. This can be seen as another small green price candle that has appeared above the previous one. Also, it could be seen that the RSI indicator has displayed a crossover in the oversold region. Nevertheless, traders need to know that price activity is still below the 9- and 21-day EMA lines, which implies that price action may still be in a downtrend. Additionally, the appearance of the RSI crossover isn’t that encouraging, as it seems to be oriented sideways. Consequently, the attempt made by buyers to push Hedera Hashgraph price upwards may still be weak, and the price may fall toward the $0.0600 mark.

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