In this Hedera technical analysis, we will examine the current price action, trading volume, key levels and indicators for HBAR-BTC. Hedera (HBAR) is a fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its hashgraph consensus algorithm ensures high throughput and low latency, making it an attractive option for enterprise use cases. Additionally, Hedera’s governance model allows for a fair and transparent distribution of power among network participants, ensuring the stability and security of the platform.
Hedera Price Overview:
As of May 10, 2024, Hedera is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for HBAR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 2,595,029.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Hedera reached a daily high of around 0.0 BTC.
- Low (L): The daily low for HBAR-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Hedera is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.14% |
| 3D Change (%) | 0.58% |
| 7D Change (%) | -1.69% |
| 30D Change (%) | 20.83% |
| 90D Change (%) | 4.82% |
| YTD Change (%) | -14.29% |
Over the past three days, HBARBTC has increased by approximately 0.58%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -1.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HBARBTC maintaining an upward trend of approximately 20.83%, despite intermittent fluctuations. Examining the last 90 days, HBARBTC has witnessed substantial rise of approximately 4.82%, reflecting strong long-term confidence. Year-to-date, HBARBTC has steadily depreciated by around -14.29%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Hedera Live Chart:
You can access a live price chart for HBAR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 2.76829.
- Momentum score is 0.38095.
HBAR BTC Technical Analysis
Hedera Trading Volume:
The trading volume for Hedera (HBAR) over the past 24 hours has been insignificant, with approximately 2,595,029.00 BTC traded against HBAR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): HBAR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Hedera is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HBAR-BTC is currently in the neutral zone, around 52.1764. This suggests that Hedera is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Hedera (HBAR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Anticipate potential growth for Hedera (HBARBTC) at 1.74e-06 BTC through positive technical analysis, emphasizing strong support and promising indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.