Hedera Hashgraph (HBAR) is a network that allows individuals to create decentralized applications (DApps).
It is also designed to be a fairer and more efficient system in preventing some of the hurdles faced by older blockchain -based platforms such as slow performance and instability.
Dr. Leemon Baird and Mance Harmon are the founders of HBAR who have over a decade of experience in a variety of computer science and security roles.
This technology also has potential in upgrading various alternatives such as speed, cost and scalability. Hedera claims that it is capable of executing more than 10,000 transactions per second (TPS) with low transaction fees of around just $ 0.0001 per transaction.
As can be seen on the HBAR/USDT chart, the price movement seems to be moving slightly horizontally (sideway) in line with the BTC price movement which is still trading below the $ 40,000 level.
The HBAR price movement is also seen to be still unable to overcome the SBR (support become resistance) level around the $ 0.27 price which most investors often make sell transactions when they reach that level.
With the crypto market volatility at the June market opening, the HBAR price seems to have only hovered at the price level around $ 0.23 and subsequently re-made the decline to test the support level around $ 0.18- $ 0.21.
If the $ 0.18- $ 0.21 support level is able to re-support the price spike, it is likely that the $ 0.27 SBR level will be the main target of investors after the level is difficult to break after 2 weeks.
If the price movement manages to break the SBR level of $ 0.27, the price is expected to move to the next SBR level around the price of $ 0.34 before heading to the all -time high (ATH) level of $ 0.45.
However, if the price continues to decline below the support level of $ 0.18- $ 0.21, the decline is seen to be heading to the most difficult level to break in January and February trading around the $ 0.12- $ 0.14 price.
As of 11.00 am local time, the HBAR price is down 4% to trade at the support price level of $ 0.20.
