HBAR Sparks Popularity Over Most Cryptocurrencies! - Kakiforex.com - Financial Market Media No. 1 in the World HBAR Sparks Popularity Over Most Cryptocurrencies! HBAR Sparks Popularity Over Most Cryptocurrencies!
InstaForex

September 15, 2021

HBAR Sparks Popularity Over Most Cryptocurrencies!

 Hedera Hashgraph has outperformed most digital currencies as a whole since last week as its price is seen to have risen over 100%.


HBAR describes itself as a "trust layer of the internet" that allows individuals and businesses to create powerful decentralized applications (Dapps).


HBAR has grown in popularity and market cap position as it is now the largest digital currency climbing the 34th chart rung.


Stealing the attention of investors when this crypto has produced almost 140% jump in the September trading session and recorded the latest all -time high (ATH) reaching the $ 0.50 resistance level.


Since the biggest price drop that occurred on September 7, HBAR is on a very strong uptrend. The situation has pushed the price of HBAR to the $ 0.50 resistance level.


Next, examine the current movement chart of the HBAR/USDT price.


When the HBAR analysis article was released last June, HBAR was trading at the $ 0.20 price level.



Consistently, HBAR has produced nearly a 300% jump reaching its latest ATH of $ 0.54 today (Wednesday).


From a technical point of view, the price movement is still in a very strong uptrend and investors are of the view that the price will still remain moving in a bullish trend.


If the price movement remains with a bullish trend, HBAR will most likely break the $ 0.52 resistance zone and continue its positive action making the latest ATH in a row.


Meanwhile, if the price movement returns with a bearish pattern, the $ 0.48 RBS (resistance become support) zone needs to be tested first whether the price will rebound or continue lower.


At the time of writing, HBAR is trading at the $ 0.51 price level jumping over 17% in the last 24 hours.