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      HBAR crypto – Facing major resistance at $0.21 - Stocks Telegraph

      By Muskan

      Published on

      July 30, 2021

      11:35 AM UTC

      HBAR crypto – Facing major resistance at $0.21 - Stocks Telegraph

      HBAR crypto has been highly volatile ever since the peak of the 2021 bull run. It has been trending downwards since the end of May and the downtrend has finally been broken in the past week. At the time of writing, Hedera Hashgraph stands at a price level of $0.21. The price has gained by 5% in the daily timeframe and the weekly gain has been 20%. Hedera is the fiftieth largest cryptocurrency in the market. The daily trading volume has declined by 15% for the cryptocurrency.

      HBAR crypto technical analysis

      The market outlook for HBAR crypto is bullish. Twelve of the total twenty-six technical indicators are giving out a signal of buy. Eight of the rest of the indicators are standing at a neutral position and six are bearish at a sell signal.

      HBAR Crypto Price Prediction
      HBAR Crypto Price Prediction

      Hedera coin has been trending downwards with a few breaks. The price at $0.21 has been acting as a strong resistance level. HBAR crypto has suffered multiple rejections at the established resistance level. Currently, the upward trajectory has once again been hindered by the resistance level. If the cryptocurrency is able to cross the resistance level, it will reach towards the identified descending trend line. A rejection at the trend line is expected but if the current resistance is established as support, a pullback is likely. However, the recent bearish candle in the daily timeframe may suggest the continuation of the downtrend instead of breaking the resistance level.

      What is Hedera Hashgraph and can it break the resistance?

      HBAR crypto is the native token of the public blockchain Hedera Hashgraph. The blockchain is designed to enable developers build decentralised apps more efficiently and easily than other blockchains. Hedera has recently entered into a strategic partnership with Liechtenstein Blockchain Innovator – LCX. LCX is one of the leading regulated blockchain ecosystems. The partnership entails the expansion of the infrastructure of LCX’s protocol for Hedera. Hedera will access the technological infrastructure of LCX for its Hedera Token Service. The partnership – if fruitful – can definitely boost HBAR crypto in the future and help it break the major resistance it is facing.

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