The HBAR Tokeni performed a remarkable performance in the crypto currency market on Friday. According to Coindesk data, the HBAR price increased by 12 percent to $ 0.2657 and settled in the first place among the top 20 crypto currencies on a daily basis. This increase, Robinhood, the leading trade platform announced immediately after HBAR support announced. Robinhood’s move is considered to increase the access of individual investors in the United States to HBAR.
Significant increase in transaction volume
Token’s decision to list has led to a significant leap in trading volumes. On July 25 at 12:00 UTC, the price of HBAR exceeded $ 0.26 and 713 million units were performed in just one hour. This mobility pointed out that the $ 0.26 level could be a point of resistance in the short term. Nevertheless, it was observed that the token continued to show a strong rise acceleration until the end of the week.
Unlike the classic block chains, the HELA Network works with a consensus model called hashgraph. It is stated that this model enables transactions at high speed and low cost, and the platform is designed for use in the field of decentralized applications, NFTs and defi. The local token of the network, which also stands out with its energy efficiency, is used for the purpose of encouraging the participation of stakes and node for security. Crypto investors’ application – the reason will surprise you!
Technical levels and analyst comments
Crypto Money Analyst Chartnerd said that the rise of HBAR in his social media account on Friday depends on the exceeding a certain technical level.
Chartnerd: “If Hbar makes a strong closing above $ 0.35, it can switch to a stage where the price can look for new peaks.”
Analyst said that this point of resistance is compatible with the superrend indicator, and that the indicator was used to determine the transition of the existence from decline to rise. Chartnerd suggested that HBAR could reach $ 1.26 to $ 3.30 in a positive scenario, according to Fibonacci extension levels used during similar rise periods.
Technical analysis, HBAR’ın 0.24 dollars to $ 0.27 dollars to 24 hours by 12 percent said. The most serious price increase, on Friday in the middle of the volume explosion was recorded. While $ 0.26 was exceeded, a short -term withdrawal was seen and this level was considered to be a ceiling in the near term. The support point remained intact at 0.24 dollars and it was expressed that the rise acceleration continued with increasing interest interest.
Market expectations
Analysts think that the recent overcoming $ 0.27 dollars in HBAR will mean that the price may rise further at the weekend. In order to maintain the rise, the general tendency of the market, the movements in the transaction volume and the interest of investor are carefully monitored. Technical data indicate that new resistance and support levels occur.
Robinhood’s addition to the HBAR list seems to have increased individual investor interest in Tokena. This enabled Hbar to appeal to a wider investor community. High transaction volume and price mobility show that this interest has concrete results in a short time.
Hedera’s technical structure and energy efficiency may allow the project to find more use in the medium and long term. Experts and investors closely follow the process in terms of both the development of the network and the volatility in the token price.
Experts emphasize that technical indicators play an important role in understanding price movements. However, since the crypto money market is sensitive to various factors, it is recommended that investors should be careful and to take care of the risks with innovations. High -volume sudden price fluctuations may affect market psychology. The course of HBAR will be closely linked to the interest of investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
