- The HBAR coin price is in a downtrend, around -6.5%, during the intraday trading session.
- The 24-hour trading volume is at $133 million.
- HBAR/BTC pair is trading negative by -3.6% at 0.00000760 BTC.
Daily technical chart and price trend of HBAR coin are showing a bearish trend. Based on the pivot level, the first support zone is 0.25 USDT. From another perspective, if it rushes, the resistance level to watch is 0.38 USDT. Thus, the graph made doji star candle pattern during the day, and the cost is relied upon to remain sideways with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost drops below the green ribbon, so it will guarantee a downswing in HBAR until it’s below the ribbon.
Trading volume (65.662 M) is underneath the 20-day moving average (272.615 M). To put it plainly, the volume is low, making the cost struggle at the resistance levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Schaff Trend Cycle indicator (bearish) with a 0.09 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward curve on the index.
HBAR Coin Price Action on a Correction Mode
The Hedera Hashgraph is priced at $0.321670 today and has a 24-hour trading volume of $ 133,450,279. HBAR prices have fallen -6.5% in the last 24 hours. There are 10 billion HBAR coins issued and a total of 50 billion coins. The STC points to a selling indication, and the traders have prompted low volume. In fact, the cost struggles at the resistance level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $0.38
Support Level: $0.25