HBAR is up by more than 6% today after Coinbase announced support

Bitbuy
HBAR is up by more than 6% today after Coinbase announced support
Minersgarden


HBAR, the native token of the Hedera ecosystem, is one of the best-performing cryptocurrencies over the past 24 hours.

HBAR is outperforming the broader cryptocurrency market after adding more than 6% to its value so far today. 

The broader crypto market is retracing after starting the week in a positive fashion. The total cryptocurrency market remains above $1 trillion despite losing less than 1% of its value in the last 24 hours.

Bitcoin remains in the green zone and is trading above $22k per coin. The world’s leading cryptocurrency by market cap has added less than 1% to its value today. 

okex

Ether continues to underperform despite the Merge getting closer. ETH is down by more than 2% today and is trading around $1,720 per coin. 

HBAR, the native token of the Hedera ecosystem, is one of the best performers amongst the top 100 cryptocurrencies by market cap. HBAR has added more than 6% to its value in the last 24 hours, outperforming the broader crypto market. 

The positive performance comes after Coinbase, one of the leading crypto exchanges in the world, announced its support of HBAR. 

Key levels to watch

The HBAR/USD 4-hour chart is bullish as Hedera’s native coin has been performing well over the past 24 hours. The technical indicators show that HBAR is outperforming the broader crypto market at the moment.

The MACD line crossed into the positive line over the weekend and has remained there, indicating bullish momentum for HBAR.

The 14-day relative strength index of 62 shows that HBAR is moving closer to the overbought region of the market.

At press time, HBAR is trading at $0.0683 per coin. If the bulls remain in control, HBAR could rally past the first major resistance level at $0.0735 before the end of the day.

If the broader market recovers, it could push HBAR past the $0.081 resistance point for the first time since August. 

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy HBAR with eToro today

Disclaimer

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy HBAR with Bitstamp today



Source link

Paxful

Be the first to comment

Leave a Reply

Your email address will not be published.


*