<img class="alignnone" src="https://s3.tradingview.com/snapshots/z/zSW5m89c.png" alt="HBAR" width="1386" height="790" />

<a href="https://www.tradingview.com/x/zSW5m89c/">https://www.tradingview.com/x/zSW5m89c/</a>

Last trading week in the HBAR market pleasantly surprised investors and gave new space to breathe for the growing trend. The temporary suspension of the HBAR price ended in the range of $0.25-$0.28. And after that, buyers continued to grow, testing the critical range of $0.33-$0.36. Trading volumes during the breakdown of the local range of $0.25-$0.28 were average compared to <a href="https://www.cryptoknowmics.com/news/hbar-technical-analysis-below-the-pivot-point-of-0-261-resistance-retracement-formed-at-0-282/">previous trading weeks</a>. However, comparing the current growth wave with the previous one, the contrast of interest of market participants is striking. The whole growth wave from July 2021 is supported by low volumes.

In fact, between the range of $0.15-$0.36, there were no serious liquidity zones where market participants actively traded — this is normal. However, we doubt that such low volumes of buyers will be able to break the critical range of $0.33-$0.36. In this range, sellers formed a sales zone in the period from March to May 2021.

An unsuccessful attempt by buyers to fix above this range began a powerful fall wave in the HBAR market by 62%. Although the cryptocurrency market now promotes the independent development of each altcoin and continued growth — a local correction with a target of <strong>$0.25-$0.28</strong> has a good chance of realization.
<h2>Technical Analysis of HBAR on the Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/4/4lVckn8W.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/4lVckn8W/">https://www.tradingview.com/x/4lVckn8W/</a>

Analyzing the situation on the <a href="https://www.cryptoknowmics.com/news/hedera-hashgraph-price-prediction-2021-2025/">Hedera Hashgraph market</a> in the daily timeframe, we see that starting from 31 August, buyers became more active and began to put more aggressive pressure on the price. In the last 8 days, trading volumes have been growing steadily. Buyers hint at the readiness to try to break the critical range up. In addition, given the piquancy of the current situation, sellers are not making any effort to change the situation.

If this trend continues, buyers will have enough current trading volumes to break $0.33-$0.36 and continue to grow to $0.46. The main trend line of buyers is under their control. The critical point for the continuation of the growth trend in the daily timeframe is at $0.27. Losing it, the HBAR price will continue to fall, and check the strength of the mark of $0.2, obviously.
<h2>The HBARBTC Price Came Out of the Consolidation Wedge Up</h2>
<img src="https://s3.tradingview.com/snapshots/w/WMQ7S5kl.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/WMQ7S5kl/">https://www.tradingview.com/x/WMQ7S5kl/</a>

HBARBTC price movement adds a big portion of positive. The chart shows that after a long-term consolidation on the daily timeframe, buyers were able to push the price up. Moreover, they secure the right to continue to grow with a target of 0.00000750. The prospect of 15%-20% growth in the HBARBTC market is still the maximum we expect. It is at the mark of 0.00000750 that the HBARBTC price has already bounced down aggressively twice in March and May.

Therefore, it is important to understand that, now in the cryptocurrency market, it is dangerous to leave our positions unattended. The likelihood of a new global fall wave should focus investors' thoughts more on maintaining their profits than maximizing them.

Hedera Hashgraph (HBAR) Technical Analysis: Is the Fall to $0.15 Possible Again?

Last trading week in the Hedera Hashgraph market pleasantly surprised investors and gave new space to breathe for the growing trend in HBAR.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

Hedera Hashgraph (HBAR) Technical Analysis: Is the Fall to $0.15 Possible Again?

Top Picks