Hedera (HBAR) Surges by 16%, Will Bulls Break Free of Bearish Grip?
- Hedera’s price surged by 16% in the last 24 hours indicating bullishness.
- HBAR price is in prolonged bearishness, trading below 50-day and 200-day EMA levels.
Hedera’s price rose by 16% in the last 24 hours and showed a decent recovery from the recent low of $0.126. It formed a bullish candle and recovered approximately 29% in the last two trading sessions.
Despite the bullish surge, HBAR price is still in a solid bearish grip trading below the 50-day and 200-day EMA levels. Moreover, both EMAs might display a death crossover in upcoming sessions.
In January HBAR price hit a high of $0.401 and halted as the buyer failed to maintain the buying momentum. From there, the price witnessed a major sell-off. The altcoin lost the bullish momentum and broke below the 50-day and 200-day EMAs. Luckily, the buyers were active at lower levels and succeeded in halting the continuous downfall.
According to CMC data, at the time of writing, the HBAR is trading at $0.15606 with an intraday increase of 16%. In the last 24 hours, the trading volume increased by 42%, and the volume to market cap stands at 8.15%.
Will Hedera (HBAR) price Make A Comeback?
Meanwhile, gradually, the buying volume increased and the price also followed the same direction. It shows that the buyers are active at the lower levels. At present, Hedera’s price is racing toward the 50-day EMA level and preparing for another attempt to break out.
The price analysis shows that bears have full control of the trend now. On the higher side, $0.180 and $0.190 are acting as an immediate barrier for the bulls. This altcoin needs fresh buying or whale participation to break out of the current bearish momentum.
Moreover, till the Hedera price trades below the $0.200 level, the probability of a bullish rally will remain low. The analysis suggests the HBAR trend is bearish and investors should wait for a proper breakout above $0.200 before taking any further moves.
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Hedera (HBAR) Surges by 16%, Will Bulls Break Free of Bearish Grip?
- Hedera’s price surged by 16% in the last 24 hours indicating bullishness.
- HBAR price is in prolonged bearishness, trading below 50-day and 200-day EMA levels.
Hedera’s price rose by 16% in the last 24 hours and showed a decent recovery from the recent low of $0.126. It formed a bullish candle and recovered approximately 29% in the last two trading sessions.
Despite the bullish surge, HBAR price is still in a solid bearish grip trading below the 50-day and 200-day EMA levels. Moreover, both EMAs might display a death crossover in upcoming sessions.
In January HBAR price hit a high of $0.401 and halted as the buyer failed to maintain the buying momentum. From there, the price witnessed a major sell-off. The altcoin lost the bullish momentum and broke below the 50-day and 200-day EMAs. Luckily, the buyers were active at lower levels and succeeded in halting the continuous downfall.
According to CMC data, at the time of writing, the HBAR is trading at $0.15606 with an intraday increase of 16%. In the last 24 hours, the trading volume increased by 42%, and the volume to market cap stands at 8.15%.
Will Hedera (HBAR) price Make A Comeback?
Meanwhile, gradually, the buying volume increased and the price also followed the same direction. It shows that the buyers are active at the lower levels. At present, Hedera’s price is racing toward the 50-day EMA level and preparing for another attempt to break out.
The price analysis shows that bears have full control of the trend now. On the higher side, $0.180 and $0.190 are acting as an immediate barrier for the bulls. This altcoin needs fresh buying or whale participation to break out of the current bearish momentum.
Moreover, till the Hedera price trades below the $0.200 level, the probability of a bullish rally will remain low. The analysis suggests the HBAR trend is bearish and investors should wait for a proper breakout above $0.200 before taking any further moves.
Highlighted Crypto News Today:
Nigerian Court Adjourns Binance’s $81.5B Tax Evasion Case to April 30
Read More
Motion Granted: Second Circuit Court Pauses SEC vs Ripple Appeal for Talks