Hedera (HBAR) is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps). It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.

Let us see <a href="https://www.cryptoknowmics.com/news/hbar-technical-analysis-price-movement-for-few-days-between-resistance-at-0-4226-and-support-at-0-3394/">how the technical analysis</a> of HBAR will move.
<h2>Past Performance</h2>
The year 2021 has been very good so far for the HBAR coin. The price has grown as much as 1300 times since January 1, 2021. Such high returns are no surprise as the crypto market, as a whole, has prospered this year enormously.

On November 6, 2021, HBAR opened at $0.3909. The following week witnessed an increase of 15.52%, with closing on November 12, 2021, at $0.4516. The price continued to move in an uptrend, while higher highs and higher lows were seen throughout the week. 

<img src="https://s3.tradingview.com/snapshots/u/udNoOdB5.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/udNoOdB5/">https://www.tradingview.com/x/udNoOdB5/</a> 
<h2>HBAR Technical Analysis</h2>
While making new announcements about collaborations and journals every day, the Hedera is ruling the markets as well. The uptrend is continuing for about 4 months now, still showing no signs of a reversal. 

The On-Balance-Volume indicator is in support of the bulls taking control of the market, as the buying volumes are continuing to dominate the selling volumes. This is putting pressure on the price to move upwards. 

The RSI is again indicating that the bulls have more strength than the bears, consequently pushing the price to increase and continue on the uptrend. The traders may take a long position.

The MACD graph is showing that a bullish crossover has taken place in the last few days. This is again a strong positive indication, signaling traders to take a long position.

Two days ago, the Hedera Hashgraph announced that the network is taking a big step in making DeFi investing easier than ever. Hedera is teaming up with Aktio on the first DeFi application on its network. Furthermore, it is promising a very compelling product for its users. As it allows users to use predictive mathematics to invest in digital currency on the network, the HBAR crypto news is stoking the flames of bullishness.
<h2>Day-Ahead and Tomorrow</h2>
Hedera Hashgraph has a bright future ahead of it in 2021. With the ongoing developments happening within the HBAR ecosystem, as well as in the overall crypto market, we may see HBAR reach new heights. 

Thus, the indicators are on the bullish side today, as all three of them are giving positive signals. These are good conditions for the traders to enter the market and take a long position. They can keep a target at $0.5. However, knowing the nature of the cryptocurrency markets, a trend reversal can still be expected. Hence, the traders must also place a stop-loss at $0.4300.

Fibonacci retracement is showing that the price has effortlessly crossed the Fib levels at $0.43 and $0.45, while the next level at $0.47 is being tested right now.

HBAR Technical Analysis: Uptrend Continuing for About 4 Months Now, With No Signs of a Reversal

Hedera (HBAR) indicators are on the bullish side today, as all the three of them are giving positive signals. This is a good signal for the traders to enter the market and take a long position. They can keep a target at $0.5.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

HBAR Technical Analysis: Uptrend Continuing for About 4 Months Now, With No Signs of a Reversal

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