Hedera (HBARUSD) Suggests Buying Time

Hedera (HBARUSD) Price Forecast: August 1

HBARUSD suggests its buying time is now as the price runs smoothly above the resistance level, indicating the investors’ confidence in the coin. The bulls are exerting significant pressure on the cryptocurrency. On the other hand, the bullish trend is expected to continue rising and may even reach the $0.310 upper high level if the coin prices can hold above the previous high of $0.305.

Key Levels:
Resistance Levels: $0.280, $0.281, $0.282
Support Levels: $0.156, $0.154, $0.153

HBAR (USD) Long-term Trend: Bullish (Daily Chart)

The HBARUSD pair is moving in a bullish direction today. The price suggests a buying time as the crypto experiences price resurgence on the higher time frame, indicating a buy signal for coin buyers.
However, the previous action by the bulls at the $0.305 high level in the last few days has sustained the coin price above the trend line lately.

With sustained buying, the Hedera price rebounded and challenged another resistance zone of $0.275 above the moving averages as the daily chart resumes today, indicating a buying time and buyers’ attempt to prolong the bullish rally.

Additional efforts by the bulls to retest the $0.305 previous swing high would invalidate any further bearish thesis.

Notably, the Hedera pair suggests a buying time and may continue in the same direction as indicated by the daily signal pointing upwards.

Hence, buyers might push the price of HBARUSD further up to a significant level. In this case, the target might be the $0.310 supply level in the coming days, suggesting a buy in the long-term forecast.

HBAR (USD) Medium-term Trend: Bullish (4H Chart)

On the medium-term chart, Hedera prices are above the moving averages, indicating bullish momentum and a break of the previous high. The pair is in a smooth uptrend, as shown below.
Bullish pressure at the $0.256 high in the previous move has maintained the pair’s recent upward stability.

HBARUSD is losing bearish momentum and rising to the $0.275 above the moving averages on the 4-hour chart today. Strong bullish sentiment suggests buyers are gaining time.

Hence, the Hedera market is showing more upside as indicated by the daily signal.

In light of this, the token price may surge to $0.299 and extend to a $0.310 upper resistance level, resulting in potential growth.

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