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The overall trend HBAR/USD price is still bullish; however, this time, the coin could deepen its correction as the price dropped below the crucial support trendline that had been carrying the uptrend since long back. The coin still needs to go through a retest phase to validate this breakdown.
Key technical points:

The HBAR coin’s daily RSI chart shows a striking drop in its value
The intraday trading volume in the HBAR coin is $76.5 Million, indicating an 18% loss


Source- HBAR/USD chart by Tradingview
The HBAR coin travelled in a steady uptrend with clear higher highs and higher lows in its technical chart. This rally made an impressive recovery concerning the sudden fall of September. 
Furthermore, the crypto investor can observe an ascending trendline was leading this rally, providing dynamic support to the coin. On November 18th, the HBAR price gave a decisive breakdown from the support trendline, indicating that the price would drop lower.
The Relative Strength Index(47) indicates a bearish sentiment in the coin. However, the significant drop in RSI projects the increasing strength of market sellers.
 According to the crucial EMAs(20, 50, 100, and 200), the price still maintains an overall bullish trend, as its price is trading above the trend defining 100 and 200 EMA.
HBAR/USD Chart In The 4-hour Time Frame

Source- HBAR/USD chart by Tradingview
The HBAR coin price has currently retraced back to ascending trendline, with the expectation of a proper resistance from this level. This retest face will validate if the breakdown was genuine or not and confirmation for a price drop.
According to traditional pivot levels, the crypto trader can expect the nearest support level for this coin at $0.336, followed by $0.298. And on the flip side, the resistance levels are $0.388 and $0.43
 
The post Hedera Price Analysis: HBAR Price Breached The crucial Support Trendline; Long Traders Guard Up! appeared first on Coingape.


The overall trend HBAR/USD price is still bullish; however, this time, the coin could deepen its correction as the price dropped below the crucial support trendline that had been carrying the uptrend since long back. The coin still needs to go through a retest phase to validate this breakdown. Ke...

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Hedera Price Analysis: HBAR Price Breached The crucial Support Trendline; Long Traders Guard Up!

On Wednesday, October 27, DBS Bank, one of the leading financial institutions of Singapore has joined the Hedera Governing Council. With this, DBS Bank will also be joining the group of other organizations responsible for taking further the growth of the Hedera network.
Some of the heavyweight players from the tech, corporate, and non-profit sectors have participated in the Hedera Governing Council. The recent development also makes the DBS Bank be the first and the only bank from Southeast Asia to join the Hedera Governing Council.
Speaking of this development, Jimmy Ng, Group Chief Information Officer and Head of Technology & Operations at DBS said:
“DBS is pleased to join some of the world’s most established organisations on the Hedera Governing Council as we collectively seek to uncover the vast potential of blockchain and distributed ledger technologies.
We have been leveraging emerging technologies to reshape the future of banking and have in recent months brought to market a number of innovative offerings powered by blockchain to help our clients seize opportunities in the new normal. We look forward to joining our peers on the Hedera Governing Council in exploring further use cases that bring tangible benefits to our stakeholders.”
DBS Exploring Blockchain Use-Cases for Banking
blockchain is certainly changing the way traditional banking works, and DBS Bank knows this well. Being part of Hedera’s Council, DBS will explore further opportunities along with other potential use cases to leverage blockchain.
DBS Bank has already started experimenting with blockchain use in trade financing as well as cross-border payments and settlements. Furthermore, as asset digitization gather’s steam, DBS launched its blockchain-backed digital asset ecosystem in 2020. The banking giant also offers corporate clients and accredited investors an integrated suite of solutions across the crypto value chain. Mance Harmon, CEO of Hedera Hashgraph said:
“We are pleased to bring this relationship to fruition and have DBS join the Hedera Governing Council. We look forward to collaborating with them and the other council members, themselves leaders in the finance, payments, legal, and technology arenas, to continue our mission for the Hedera network to serve as the trust layer of the internet.”
A number of traditional banking players are seeking exposure to the rapidly emerging crypto space. Some banks have already announced crypto custodial solutions. Moreover, the recent statement from the FDIC chairman notes that the U.S. regulators are working to allow the banks to handle crypto assets.
The post Singapore’s DBS Bank Is the Latest to Join the Hedera Governing Council appeared first on Coingape.


On Wednesday, October 27, DBS Bank, one of the leading financial institutions of Singapore has joined the Hedera Governing Council. With this, DBS Bank will also be joining the group of other organizations responsible for taking further the growth of the Hedera network. Some of the heavyweight pl...

Singapore’s DBS Bank Is the Latest to Join the Hedera Governing Council

HBAR, the native token for the Hedera Hashgraph ecosystem maintains a bullish outlook following the recent launch of Circle’s USDC stablecoin on the HBAR ecosystem. Why, recently Circle’s VP of Product Joao Reginatto in an interview with CoinDesk, highlighted the need to prioritize the HBAR token ecosystem earlier this year, owing to its power for more enterprise use cases.
Going forward, the USDC on Hedera will be compatible with existing Circle Accounts and Circle Payments, Payouts, and Accounts APIs as stated in a recent press release.
Read on as we analyze the demand and supply of HBARBTC and HBARUSDT below.
HBAR Price Analysis: HBARBTC Weekly Chart Analysis

The recent rise in Bitcoin BTC dominance forced a decline in demand for major altcoins, including the HBAR crypto-asset.
Conversely, higher RSI readings above level-25 and level-75 indicate that this may not last for long as an impending bullish divergence at press time could resume demand for the HBAR crypto.
HBAR Price Analysis: HBARUSDT Weekly Chart Analysis

Higher RSI readings above level-25 and level-75 alongside the hidden bullish divergence on 21 June suggests that the bulls are still in control of the market. 
A price dip following a new ATH at 0.5760 implies that the HBAR price is in a correction phase where the entry signals to resume the uptrend will be triggered by an oversold level on the daily time frame.
Let’s move on to the daily time frame below.
HBAR Price Analysis: HBARUSDT Daily Chart Analysis

The HBARUSDT trades in a range-bound market structure as revealed from the chart above.
A series of hidden bullish divergence on 21 September and 12 October shows a bias to the upside, which hints that the HBARUSDT could likely break the 0.4280 resistance.
Conversely, a breach of the 21 September [0.2880] low suggests low interest for the HBAR cryptocurrency and higher selling pressure to come.
Note that the bullish divergence was triggered while the RSI was in oversold territory, an indication that the bulls may have found a price floor.
HBAR Price Analysis: HBARUSDT 4 hr Chart Analysis

The HBAR crypto-asset forms higher peaks and troughs with the recent trough formed after the RSI dipped below level-25 on 24 October 16:00.
Similar to the daily time frame and weekly time frame combination of exit of level-75 [weekly chart] and entry of oversold level-25 [daily], the 4HR time frame also enters the oversold area, while the daily time frame trades above level-25 on the daily time frame at press time.
This is generally a bullish signal for the HBARUSDT. We expect the bullish momentum to persist considering the recent positive developments taking place within the HBAR ecosystem.
The post HBAR Price Prediction: Hedera Hashgraph (HBAR) In Full Moon Mode As Price Confirms Hidden Bullish Divergence On The Weekly Charts appeared first on Coingape.


HBAR, the native token for the Hedera Hashgraph ecosystem maintains a bullish outlook following the recent launch of Circle’s USDC stablecoin on the HBAR ecosystem. Why, recently Circle’s VP of Product Joao Reginatto in an interview with CoinDesk, highlighted the need to prioritize the HBAR token...

HBAR Price Prediction: Hedera Hashgraph (HBAR) In Full Moon Mode As Price Confirms Hidden Bullish Divergence On The Weekly Charts

The Governing Council of the Hedera Hashgraph recently announced an allocation of 10.7 billion HBAR, the network’s native token that is used to fund the expansion and development of its ecosystem.
At the time of the announcement, the amount allocated for the special fund was worth 20% of the total token supply at about USD 4.5 billion. This brings great enthusiasm into the HABR ecosystem as analysts expect DeFi, NFTs, iGaming, and CBDCs on Hedera.
Another notable and positive announcement for the HBAR token is the launch of USDC stablecoin as the first stablecoin on the Hedera proof of stake blockchain network. The addition of USDC to the Hedera ecosystem implies the ease of deploying DeFi applications on the network.
Read on as we draw insights from the technical charts of the HBARBTC and HBARUSDT on multiple time frames.
Hedera Hashgraph HBARBTC Weekly Chart Analysis

Paired against Bitcoin BTC, the HBAR continues to maintain a bullish outlook with the RSI surging beyond level-75 and continues to trade above level-25 since the first breakout of the bearish divergence trend line on 08 March ’21.
Bitcoin BTC shows strength against the HBAR at press time, however, all of that could change as the HBARBTC price chart hovers above the 21 June ’21 support line and may likely trigger a second hidden bullish divergence for a price recoil to the upside.
Hedera Hashgrap HBAR Weekly Chart Analysis

An overhead view of the HBARUSDT from the weekly time frame shows massive demand for the HBAR crypto-asset as the price chart trades in an expanding channel formed by bearish divergence on 15 March ’21 and bullish divergence on 21 June ’21.
A rather recent bullish divergence is in the works at press time and we may soon see a price surge beyond the 15 March previous all-time high.
Hedera Hashgraph HBAR Daily Chart Analysis

The above annotated daily chart reveals a series of hidden bullish divergence patterns that also confirms the price floors for the weekly time frame with significant support levels on 21 September and 12 October ’21. These support levels were established by hidden bullish divergence, bear-trap candlestick patterns, and hidden bullish inside-bar candlestick patterns.
A breakout beyond the 04 October ’21 resistance is very possible considering that the HBARUSDT trades within a symmetrical triangle.
Conversely, a breakdown below the $0.32 support shows bearish sentiment and new lows to come.
Hedera Hashgraph HBAR 4HR Chart Analysis

At an intraday level, the HBARUSDT is set to skyrocket as the HBAR price breaks above the $0.3572 bearish inside-bar resistance while also signaling a hidden bullish divergence on 18 October 04:00.
A breakdown below the $0.32 support level would trigger a bearish scenario and lower price targets for short-sellers.
Hedera Hashgraph HBAR Intraday Levels

Spot rate: 0.3665
Mid–Term Trend [H4]: Bullish
Volatility: High
Support: $0.3200, $0.3411, and $0.3572
Resistance: $0.400

The post Hedera Hashgraph HBAR Price Analysis: HBAR Finds Support Across Three Major Time Frames and Increase in Demand vs. BTC appeared first on Coingape.


The Governing Council of the Hedera Hashgraph recently announced an allocation of 10.7 billion HBAR, the network&#8217;s native token that is used to fund the expansion and development of its ecosystem. At the time of the announcement, the amount allocated for the special fund was worth 20% of th...

Hedera Hashgraph HBAR Price Analysis: HBAR Finds Support Across Three Major Time Frames and Increase in Demand vs. BTC

Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in its ecosystem, Hedera aims to start developing its own decentralized finance (defi) environment, and it is now offering more than $2.5 billion in ecosystem grants.
Circle to Support Hedera-Based USDC
Circle, one of the leading crypto payment companies, has announced the launch of usd coin (USDC) on top of Hedera, a high-throughput blockchain network. With this move, Circle customers with a Circle Account will have the opportunity of leveraging the stablecoin on top of Hedera network to make payments and settlements like with any other supported network.
The launch of the stablecoin on top of Hedera is part of an expansion strategy established by Circle earlier this year when it declared USDC would launch on ten more blockchains, with Hedera being one of the protocols in the list. Circle wants to establish its stablecoin as the defacto choice for decentralized finance (defi) protocols, and making it natively available in many of these chains is the first step to do that.
About the launch of Usdc in Hedera, Circle CEO Jeremy Allaire stated:

Support for Hedera USDC means more people can take advantage of dollar digital currencies. With Hedera, enterprises and financial institutions can access deep liquidity across countries and platforms.


Hedera Welcomes USDC
Hedera is hoping to get a boost for its in-development defi strategy with the arrival of USDC on its platform. Hedera claims it has a great opportunity of becoming one of the most used chains in the USDC environment due to its high transaction output and low fees. On this, Shayne Higdon, CEO and Executive Director of the HBAR Foundation stressed:

With the USDC launch on the Hedera network, The HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of Defi applications on the network.

Hedera is now offering a $2.5 billion ecosystem grants program destined to build applications using Hedera’s blockchain. Some of these funds will surely be directed to defi applications, that will have now much more utility with a known, established stablecoin present in the platform.
USDC’s popularity has been growing during the last four months when it added more than $10 billion to its market cap, threatening the dominance of tether (USDT), the leading stablecoin.
What do you think about the launch of Usdc on top of Hedera? Tell us in the comments section below.



























Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addit...

Hedera price	$0.359352
Low - High 24H	$0.325381 - $0.368243
Market cap	$6.51B
Volume 24H	$125.73M
All time high	$0.569229 -36.60% September 15th 2021
All time low	$0.009861 3559.52% January 2nd 2020
Genesis date	N/A

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