HBAR Price Prediction AUG-23: Will Hedera Hashgraph Hit $1?

The outlook for Hedera Hashgraph’s HBAR crypto isn’t certainty at the outset, as the price has been facing rejection from the 200 SMA, suggesting the seller dominance. Although recent performance has seen it decline marginally, there’s still the possibility of the digital asset escaping its downward pattern – which also happens to be punctured by both a trendline and the 200-day EMA.

Additiinonally Hedera Hashgraph recently saw it value slide more than 90.66% in two years since hitting its All-ime-High of $0.569229 – indicating the potential high risk nature of trading and investing in crypto.

Analysing the current landscape, there’s evidence suggesting financial market confidence, also due to the availability of room for more volume investment. Addtionally, indicators such as the MACD, RSI, and Super Trend are indicating a moderately bullish trend as of now, which may be sustained if buyers continue the upwards momentum.

Overall, traders and investors alike should approach this potential money move with caution, looking to identify signs of breakout or breakdown of current price range at a reliable parameter with conviction.

It needs to be clarified that the information provided in this article is limited to education, advice and informational purposes only – and not to invoke or offer cncretes financial advice.

Robert Wilson author
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