- HBAR bullish price prediction for 2021 is up to $2.
- HBAR bearish market price prediction for 2021 is $0.12.
This HBAR Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our HBAR price prediction forecast and analysis.
At the start of the year 2021, it is noticeable that many altcoins have geared up and skyrocketed in their prices. The Hedera Hashgraph cryptocurrency is one of the digital assets that surprises the crypto world with its performance. Today, that crypto has a growth rate of over 800% in the past year, a level truly favored by investors.
In terms of technology, Hedera Hashgraph (HBAR) is a proof-of-stake public network powered by hashgraph consensus. As a result, HBAR can perform fast transaction speed with low bandwidth consumption. Also, this is one reason that made HBAR one of the popular and leading digital assets in the crypto market.
For interested traders, you can buy, sell, and trade crypto in the crypto exchanges such as Crypto.com, VCC exchange, and Binance. Actually, these exchanges are just some exchanges where HBAR is listed.
Now that we are already knowledgeable about what HBAR is and its functions. Let us head to the charts and talk more about the profitability chance of the crypto this 2021. If you are ready, let us now head to this CQ HBAR price analysis and prediction article.
HBAR (Hedera Hashgraph) Price Analysis
The year 2021 is said to be the year of the altcoins and other digital assets in the crypto space. Having said that, HBAR continues to rock the crypto space with its over $2 billion market cap.
Do you think this is enough to convince investors about the profitability potential of the crypto?
Are you already interested to know? Therefore, what are you waiting for? Join me and let’s analyze the charts in this HBAR price prediction 2021.
The graph above shows how HBAR successfully managed to survive the market swings of the crypto market. Also, the chart displays the price boost to almost 350% from March 2-15, a performance that really attracts investors globally.
If this trend continues, HBAR might be able to climb up and break its $0.457 resistance level in no time. If it does, the crypto price would be tagging along with the bulls in their territory above $460. Indeed, this is a bullish level favored by traders and investors in the crypto space.
However, if HBAR fails to regain its position above the Arnaud Legoux Moving Averages (ALMA), the crypto price might fall. In short, the price of the crypto might break out to almost $0.24. In this case, HBAR must defend and regain its uptrend position above ALMA. Otherwise, the raging bears may convert their existing support level to a new resistance level.
Meanwhile, the moving average convergence/divergence (MACD) of the crypto remains on top of the signal indicator. To be specific, traders can still expect more bullish days ahead of the crypto. Conversely, if the MACD begins to move in a downward direction, it will be a different story.
HBAR Price Prediction 2021
So far, HBAR has proven its capability to be profitable crypto in the first quarter of the year. In addition, the crypto has an average 24-hour trading volume of over $500 million.
Would this be enough for the crypto to maintain its uptrend position in the days to come? Are you already curious about the future profitability of HBAR? What are you waiting for? Join me as we study the charts in this HBAR CQ price prediction 2021.
As depicted on the chart above, HBAR maintains its uptrend position despite the crypto market’s wild volatility. In addition, the chart also displays the crypto price surge of almost 332% in the past 30 days. Indeed, this is a price level that could put traders and investors in a state of FOMO.
Currently, HBAR trades at a high price of $0.375 with a growth rate of 63.9% in the past 7 days.
Furthermore, it is also noticeable that HBAR is forming a strong consolidation at the Fibonacci level of 0.236. If this price consolidation continues to gain more support from the bullish market, HBAR might break its $0.37 resistance.
If it does, the crypto can go all the way and pass the bullish price of $0.45. In this case, the door towards the bullish territory will open, an opportunity for HBAR to reach $0.60. Best of all, the bullish territory provides a pathway for the crypto to skyrocket its price to $1. Of course, this is possible if HBAR continues to win the trust of its investors.
However, if the crypto loses its traders’ and investors’ trust, HBAR price might nosedive. In other words, HBAR price might fall below the Fibonacci golden ratio level of 0.618. Consequently, the price breakout has a decline rate of over -60%, a bearish level that could cause FUD.
On the other hand, the relative strength index (RSI) of the crypto is already at level 75.19. To be specific, this RSI level is already considered overbought and might perform a price reversal anytime. In this case, traders must exercise caution while trading to avoid unexpected losses.
HBAR is one of the potential cryptocurrencies this 2021. Consequently, traders and investors are now closely monitoring the digital asset for future profitability.
HBAR continues to be one of the active cryptocurrencies in the crypto space. If this trend continues, there is a big chance that HBAR might reach $1 in no time.
Yes, it’s very much possible that HBAR might reach $2 in the near future as per the current bullish trend.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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