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HBAR decreases as the Hedera network prepares to deliver tokens worth millions of dollars this week. This announcement was made in a tweet by well-known Chinese journalist Colin Wu, who listed Hedera Network as one of the few projects scheduled to release millions of dollars worth of cryptocurrency within the next week.
According to Token Unlocks, this week AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR, and ACA tokens will be in a huge unlock. dYdX will unlock 6.52 million DYDX ($14.41 million); Optimism will unlock 24.16 million OP ($35.03 million); Hedera will unlock 1.15 billion HBAR ($67.23…
— Wu Blockchain (@WuBlockchain) August 28, 2023
Check out what Wu Blockchain has to say about Hedera Token
According to Token Unlocks, a dashboard that tracks vested tokens and notifies of unlock occurrences using on-chain data, almost $64 million worth of HBAR was set to be unlocked on Friday, September 1. As a result of the increased supply of tokens, the value of HBAR is expected to continue to decrease shortly.
Check this out to discover more. Continue below to stay updated on the HBARUSD market.
Hedera (HBARUSD) Key Levels to Watch: August 28
The market’s overall trend has flipped bearish since the return from the $0.09230 resistance. Afterward, there was a significant downturn that persisted for over three months. During the emerging downtrend, a bearish order block formed at the $0.07590 supply zone.
From the psychological level of $0.40000, HBARUSD experienced a bullish expansion as the price retraced after getting into an oversold state. The bearish order block formed at the $0.07590 supply zone after the retracement continued.
Hedera Key Levels
Resistance Levels: $0.06900, $0.07590, $0.09230
Support Levels: $0.05250, $0.04560, $0.40000
Total Market Capitalization: $1.05T
Hedera Market Capitalization: $1.8B
Hedera Volume: $48M
Market Rank: #30
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