Hedera Hashgraph (HBAR) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Hedera Hashgraph (HBAR) technical analysis:
rade setup: Price broke through its 52-week High of $0.18 and quickly spiked as high as $0.39 for 100% gain. News of an ETF filling for HBAR was the trigger. Price was very overbought (RSI > 80) and pulled back on some profit taking. We would be buyers on pullbacks near $0.23 support, which was a 61.8% Fibonacci Retracement level, with +50% upside to $0.35 resistance level. Stop Loss at $0.21. (set a price alert). Learn how to use Fibonacci Retracement levels (possible support). Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend: Short-term trend is Neutral, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.23, then $0.18. Nearest Resistance Zone is $0.35, then $0.42.
See live Hedera Hashgraph (HBAR) chart here
See more curated charts of coins with technical analyses.
Recent news and research:
Bill Morgan Predicts XRP and HBAR Will Surpass Major Cryptocurrencies by 2025. Read more.
Swiss-Based Hashgraph Group Secures License to Launch $100M Web3 Fund. Read more.
Find more real-time news here.
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph (HBAR) is a next-generation distributed ledger technology designed to deliver fast, secure, and energy-efficient decentralized applications. Unlike traditional blockchains, Hedera employs the patented Hashgraph consensus algorithm, a Directed Acyclic Graph (DAG)-based approach that ensures high throughput, fairness, and security with asynchronous Byzantine Fault Tolerance (aBFT). With transaction speeds exceeding 10,000 per second, fixed low costs, and near-instant finality, Hedera is uniquely positioned to address the limitations of older blockchain networks, making it an appealing choice for enterprises and developers alike.
HBAR, the native cryptocurrency of the network, powers its ecosystem by enabling transaction payments, staking, and network security. Developers can use HBAR to build decentralized applications (dApps) and deploy custom tokens, including NFTs, through Hedera’s robust tokenization framework. Furthermore, Hedera offers innovative tools like the Hedera Consensus Service (HCS), which supports event logging, secure messaging, and data integrity for enterprise use cases. Industries ranging from finance and gaming to healthcare and sustainability have embraced Hedera’s infrastructure for its scalability and compliance-ready architecture.
The project is governed by the Hedera Governing Council, a diverse body of up to 39 global organizations, including Google, IBM, and Boeing. This council-driven model ensures decentralized decision-making and long-term stability, with members contributing to network operations and updates. Founded by Dr. Leemon Baird and Mance Harmon, Hedera is backed by Swirlds Labs, which leads its technological development. By combining cutting-edge technology with strong institutional backing, Hedera Hashgraph aims to become the backbone of a decentralized and sustainable digital economy.
Find HBAR price data here.
Written byKyle Carigo