HBAR/USD Moves to Climb $0.080 Level – Cryptovibes.com – Daily Cryptocurrency and FX News

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Hedera Price Analysis – June 21

The Hedera price is currently making another attempt at breaking out above $0.070 resistance.


Key Levels:

Resistance levels: $0.120, $0.130, $0.140

Support levels: $0.040, $0.030, $0.020

HBARUSD – Daily Chart

HBAR/USD bulls were rejected around the $0.079 level as the coin dropped to the low of $0.069. However, the Hedera price is floating within the 9-day and 21-day moving averages and it’s likely to cross above the 21-day moving average. More so, the technical indicator Relative Strength Index (14) indicates bullish movement as the signal line moves to cross above 50-level, indicating that the market sentiment is presently bullish.

Hedera Price Analysis: HBAR Price May Follow the Uptrend

The Hedera price is changing hands at $0.073 where it faces up. More so, if the HBAR/USD breaks the $0.075 resistance level, the coin may continue its upward movement to retest the previous high of $0.079. Therefore, the nearest resistance levels are located at $0.120, $0.130, and $0.140, but crossing below the 9-day moving average may reach the support levels at $0.040, $0.030, and $0.020 respectively.

HBAR/BTC Market: Hedera Price Heads to the North

When compared with Bitcoin, the Hedera price has been moving in the direction above the 9-day and 21-day moving averages as the bulls continue to push the coin to the positive side. On the downside, if the market price crosses below the moving averages and face the lower boundary of the channel, the next support level may be located at 320 SAT and then locate further key support at 300 SAT and below if the sell-off later becomes huge.

HBARBTC – Daily Chart

However, on the upside, if the bulls push the price back above the upper boundary of the channel; Hedera could face the resistance level of 400 SAT. Any other resistance level lies at 430 SAT and above while the signal line of the Relative Strength Index (14) moves to cross into the upper boundary of the channel to continue the bullish movement. On the other hand, if it moves below 60-level, it may retreat a little before heading to the north again.

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