In this Hedera technical analysis, we will examine the current price action, trading volume, key levels and indicators for HBAR-USDT. Hedera (HBAR) is a decentralized cryptocurrency that focuses on providing a fast and secure platform for dApps development. Its unique features include a robust consensus algorithm, which ensures the security of transactions and smart contract execution. Additionally, Hedera’s high throughput capabilities make it an attractive option for developers looking to build high-performance dApps.
Hedera Price Overview:
As of October 02, 2023, Hedera is trading at approximately 0.05 USDT. Let’s dive into the detailed price action for HBAR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0507 |
| High (H) | 0.0519 |
| Low (L) | 0.0495 |
| Close (C) | 0.05 |
| Volume (C) | 128,171,494.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0507 USDT.
- High (H): Hedera reached a daily high of around 0.0519 USDT.
- Low (L): The daily low for HBAR-USDT was approximately 0.0495 USDT.
- Close (C): At the time of analysis, Hedera is trading near its daily close of 0.05 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.38% |
| 3D Change (%) | 1.01% |
| 7D Change (%) | -0.79% |
| 30D Change (%) | 0.60% |
| 90D Change (%) | 3.09% |
| YTD Change (%) | 36.99% |
Over the past three days, HBARUSDT has increased by approximately 1.01%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -0.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HBARUSDT maintaining an upward trend of approximately 0.60%, despite intermittent fluctuations. Examining the last 90 days, HBARUSDT has witnessed substantial increase of approximately 3.09%, reflecting strong long-term confidence. Year-to-date, HBARUSDT has steadily increased by around 36.99%, 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-USDT 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 0.35735.
- Momentum score is 0.00604.
HBAR USDT Technical Analysis
Hedera Trading Volume:
The trading volume for Hedera (HBAR) over the past 24 hours has been significant, with approximately 128,171,494.00 USDT 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-USDT is currently in the neutral zone, around 47.1518. This suggests that Hedera is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Hedera (HBAR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
