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 fast and secure blockchain platform that enables developers to build decentralized applications with ease. Its hashgraph consensus algorithm ensures high transaction throughput and low latency, making it an attractive choice for enterprise use cases. Additionally, Hedera’s decentralized governance model allows for community-driven decision-making, ensuring the platform remains resilient and adaptable to changing market needs.
Hedera Price Overview:
As of May 12, 2024, Hedera is trading at approximately 0.1101 USDT. Let’s dive into the detailed price action for HBAR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1067 |
| High (H) | 0.112 |
| Low (L) | 0.1064 |
| Close (C) | 0.1101 |
| Volume (C) | 94,672,520.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1067 USDT.
- High (H): Hedera reached a daily high of around 0.112 USDT.
- Low (L): The daily low for HBAR-USDT was approximately 0.1064 USDT.
- Close (C): At the time of analysis, Hedera is trading near its daily close of 0.1101 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.09% |
| 3D Change (%) | -0.54% |
| 7D Change (%) | -0.27% |
| 30D Change (%) | 25.54% |
| 90D Change (%) | 38.32% |
| YTD Change (%) | 28.02% |
Over the past three days, HBARUSDT has decreased by approximately -0.54%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with HBARUSDT maintaining an upward trend of approximately 25.54%, despite intermittent fluctuations. Examining the last 90 days, HBARUSDT has witnessed substantial increase of approximately 38.32%, reflecting strong long-term confidence. Year-to-date, HBARUSDT has steadily increased by around 28.02%, 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 2.76285.
- Momentum score is 0.23847.
HBAR USDT Technical Analysis
Hedera Trading Volume:
The trading volume for Hedera (HBAR) over the past 24 hours has been insignificant, with approximately 94,672,520.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Hedera is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for HBAR-USDT is currently in the neutral zone, around 51.82152. 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 bullish 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 insignificant trading volume are neutral signals for potential sideways movement.
Navigate the optimistic realm of Hedera (HBARUSDT) at 1.10e-01 USDT with technical analysis pointing to a bullish outlook and potential growth.
Discover even more by checking out our comprehensive analysis on HBAR BTC Hedera Technical Analysis — a perfect follow-up if you enjoyed this post.
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.