What to expect as HBAR fails to reclaim $0.05
HBAR dropped lower after faltering at $0.05. Can the weekly bullish OB at $0.040 ease the extended drop?
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HBAR dropped lower after faltering at $0.05. Can the weekly bullish OB at $0.040 ease the extended drop?
The Hedera network had much to celebrate given that the network completed 20 billion transactions. However, it may take a while before traders can see a bullish pivot.
HBAR's break of the critical $0.05 support signals a shift in momentum on the higher timeframes, with a high possibility of a further downward move.
Hedera (HBAR) recently encountered a significant hurdle as it faced price rejection at a crucial weekly bearish order block. Currently hovering at the $0.0500 level, this juncture has emerged as a formidable obstacle for sellers looking to capitalize on the prevailing bearish sentiment.
HBAR sellers had market leverage as of press time and could attempt to seek more if the $0.0500 support cracks.
The sentiment was bearish in the past week as the chart was dominated by the sellers. The spot CVD was in a steady decline showing steady sell pressure.
Hedera Hashgraph (HBAR) is preparing for a game-changing event that will send shockwaves through the crypto sector in a much-anticipated move.
In the ever-evolving realm of cryptocurrency, where price volatility can trigger heart-pounding excitement for investors and enthusiasts alike, the recent trajectory of Hedera Hashgraph's HBAR token stands out as a prime example. With its value encountering a slight 4% dip, settling at a price point of $0.05, coupled with strategic allocation plans and a notable integration with a prominent U.S. financial platform, the journey of HBAR remains an enthralling narrative in the crypto-sphere.
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According to data from the Token Unlocks web app, the unlock will occur this coming September 1, 2023. These 1.15 billion tokens will be worth approximately $57.5 million as of writing, as HBAR is currently trading at $0.05 according data from CoinMarketCap.
Carbonbase, a leading climate-tech and carbon reduction solutions provider, has announced a groundbreaking partnership with the HBAR Foundation and ImpactX to launch the Global Climate Registry (GCR). This initiative marks the debut of Asia's first digital native Carbon Registry.
In a truly remarkable achievement, the decentralized open-source network known as Hedera Hashgraph has hit a momentous milestone by surpassing an astounding 19 billion transactions on its primary network. Hedera Hashgraph has been making waves as a user-friendly Layer1 blockchain, leveraging its innovative hashgraph consensus mechanism to ensure swift transaction speeds and cost-effective fees.
Hedera will conduct its next token-unlocking event on 1 September. This will see the release of 1.5 billion HBAR tokens toward network governance related operations, purchase agreements etc.
Both protocols have seen their tokens drop more than ether in daily trading as the next unlocks inch closer.
With Asia-Pacific responsible for over half the world's CO2 emissions, the urgent call for a local carbon registry was resounding. Answering this, Carbonbase, partnering with the HBAR Foundation and ImpactX, has unveiled the Global Climate Registry (GCR).
If you are an avid crypto investor, you will want to mark your calendar for this week. According to Token Unlocks, a slew of tokens, including AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR and ACA are set for a massive unlock.
In a recent turn of events, the cryptocurrency market has witnessed a substantial downturn, marked by a surge in investors liquidating their long positions. This phenomenon has propelled the total market capitalization below the $1.1 trillion threshold, a level unseen in the past two months.
HBAR that has been performing fairly well in the market could now be at the mercy of the FedNow's latest decision. A pivot in the price action of HBAR could be the tell.
Hedera Hashgraph's HBAR token has surged nearly 16% in the last two weeks, according to CoinGecko. This comes after the U.S. Federal Reserve's instant payments platform FedNow listed Hedera-powered micropayments platform "Dropp" as a service provider.
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Although the majority of the cryptocurrency market is going through a bit of a rough patch in recent weeks that has seen even its largest asset by market capitalization – Bitcoin (BTC) – drop below the $26,000 threshold, some cryptocurrencies, available under a low price per wholecoin, are demonstrating strong potential.
In what has proven to be a week of substantial developments in the cryptocurrency realm, the native digital asset of Hedera Hashgraph, HBAR, has stood out as a beacon of stability amidst the prevalent market turbulence. While recent days have been characterized by price fluctuations and declines across the broader crypto landscape, HBAR has defied the odds, garnering the attention of both investors and enthusiasts alike.
Bitcoin is searching for stability in the $25,000 zone, meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside.
Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience.