According to the market cap, the entire quantity of HBAR is around 50 billion, with less than half of it, or 18 billion, now in circulation. With a market share of almost 0.25 percent, it is placed seventh in terms of market capitalization.
HBAR is presently selling at $0.2417 per coin, a rise of roughly 11.81 percent in a single day. The high and low for today are $0.246 and $0.2157, respectively. On the other hand, daily trading volume has increased by more than 238 percent. HBAR reached an all-time high of about $0.576 in September 2021. During the dip, the price dropped to around $0.18 in January 2021. The price began to fall, although, like many other coins, the reversal was relatively feeble. In general, the price is making higher highs and higher lows. The price of HBAR increased by over 9.16 percent in February.
Technical Analysis – HEDERA HASHGRAPH (HBAR)
HBAR has been on the bullish coins at one time. A few months back, we had seen huge gains in the price of HBAR and it was continuously increasing in price. But the drop in the price hit it hard and we saw serious drops in the price. Now being traded at a fraction of what its all-time high value was.
Now the recent price action of HBAR is very bearish in nature until proven otherwise. We can see that the price started to create higher highs and higher lows. but it can be looked at as an ascending correction. Different confluences are present. First is the unmitigated order block that is present above the current price. This can drive the price upwards from where a reaction can be expected. Second is the equal highs that the wicks have formed. Following the AMD pattern, we can expect a rejection from this level.
Price Prediction – HEDERA HASHGRAPH (HBAR)
HBAR is a terrific investment that will bring excellent rewards. HBAR is also seen as an excellent investment by Digital Coin Price. They predict that in a year’s time, the price would rise to $0.38. The price is predicted to reach $1.04 in seven years. The price is predicted to reach an all-time high in a year, but they believe that a long-term hold is extremely rewarding. Traders, like them, are positive about the price trend and believe it will retain much more value in the near future.
