The Hedera Hashgraph is a hashgraph based DLT (Distributed Ledger Technology) that claims to be faster, safer, and more efficient than blockchain DLT. The HBAR token is the native cryptocurrency of the Hedera Hashgraph network. Past Trends The opening price of HBAR on March 4, 2021, was $0.129. As of March 10, 2021, HBAR closed at $0.22. In the past week, the price has risen by approximately 71%. In the last 24 hours, the HBAR price has fluctuated within a price range of $0.188-$0.240. https://ift.tt/3qzhmEk Day-Ahead and Tomorrow Currently, HBAR is trading at $0.234. The price has surged from the opening price of $0.221. Thus, the market looks healthy. The A/D indicator is upward sloping. Whale accumulations are higher than whale distributions. Thus, high buying activity will exert upward pressure on the HBAR price. The RSI indicator faced a bearish swing rejection at 70%. Thereafter, it started falling but faced rejection again at 54%. Currently, the RSI indicator is at 56%. Thus, buying pressures are very high. Hence, we can expect the HBAR price to go up further. The MACD and signal lines are in the positive region. A bearish crossover by the MACD line over the signal line implies a temporary price pullback amidst an overall bullish price trend. HBAR Price Movement At present, HBAR is moving towards the first Fibonacci pivot resistance level of $0.236. The price is expected to break out of this level soon. By the end of the day, the price may break out of the subsequent resistance levels of $0.248 and $0.267 respectively. As the oscillators have indicated a brief price dip, we can expect the price to test the 23.6% FIB retracement level of $0.228, before rising again. By the end of the day, the price is likely to surpass the 23.6% FIB extension level of $0.252. The bulls seem strong and hence we can expect the price uptrend to continue today and tomorrow.
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