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Cryptoknowmics 2022-06-15 13:26:10

HBAR Technical Analysis: The Target Of $0.05 Is Ahead

HBAR for 5 cents! How real is this price for HBAR cryptocurrency? Looking at the realities of the market now, this price level is a matter of time. Starting in September 2021, the HBAR price has fallen by almost 90%. The whole fall wave took place at low volumes compared to the volumes during the growth wave. The only exception is the weekly candle from 9 May. HBAR trading volumes increased during this week. This interest of buyers was not realized – there was no rebound. Source: https://www.tradingview.com/x/NY78HWUO/ Therefore, the price continued to fall at its usual low volumes. So far, there is a similar trend in the HBAR market – buying cryptocurrency is quite dangerous. So far, the BTC price shows no signs of strength and the probability of continuing to fall below $20,000 is still high. Thus, we would not recommend considering a cryptocurrency for investment earlier than $0.05 per HBAR. Buyers had been in this price range during the whole of 2020. Only in January 2021, the HBAR price was able to break the mark of $0.05 up. Given the importance of this price level, we will expect a rebound from the first target of $0.13. This rebound can be very fast and will be accompanied by knocking out of the positions of sellers. That’s why, when buying HBAR, we recommend that you place limit orders for sale in the range of $0.13 in advance. HBAR Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/br4ySR...

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