HBAR/USD Could Stay Above $0.060 Level

The Hedera Hashgraph price prediction shows that HBAR is likely to cross above the upper boundary of the channel as the coin shoots to the upside.

Hedera Hashgraph Prediction Statistics Data:

• Hedera Hashgraph price now – $0.056
• Hedera Hashgraph market cap – $394.2 billion
• Hedera Hashgraph circulating supply – 1 billion
• Hedera Hashgraph total supply – 1 billion
• Hedera Hashgraph Coinmarketcap ranking – #85

HBAR/USD Market

Key Levels:

Resistance levels: $0.070, $0.075, $0.080

Support levels: $0.045, $0.040, $0.035

HBAR/USD is currently trading at $0.056 after touching the daily low of $0.053, and it is likely to reclaim the resistance level of $0.060 once again. However, in case the buyers were able to push the price above the upper boundary of the channel this time, the daily candlestick may close above this barrier, and the price could rally towards the resistance level of $0.065.

Hedera Hashgraph Price Prediction: HBAR Gets Ready for the Upside

According to the daily chart, the Hedera Hashgraph price is moving to cross above the upper boundary of the channel as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving within the overbought region with the signal line pointing up to indicate a buy signal.

Nevertheless, if the buyers were able to push the price above the channel, the Hedera Hashgraph price may spike to hit the potential resistance levels of $0.070, $0.075, and $0.080 while crossing below the 9-day moving average could bring the coin to the supports at $0.045, $0.040, and $0.035 respectively.

When compares with Bitcoin, the Hedera Hashgraph is following a bullish surge, and it may swing high above the upper boundary of the channel to locate the resistance level of 300 SAT and above. On the other hand, if the market price crosses below the 9-day and 21-day moving averages, it could reach the support level of 235 SAT and below.

However, the technical indicator Relative Strength Index (14) is currently moving to cross into the overbought region as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement may create additional gains above the channel.

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