Hedera Hashgraph (HBARUSD) Consolidates Its Gains – Analysis – 12-23-2024

The price of Hedera Hashgraph (HBARUSD) advanced during its recent trading at the moment levels, after the price tried during its previous trading to search for an ascending bottom to take as a base to help it gain the positive momentum needed to regain its recovery, amid the dominance of the upward trend in the short term, with the continuation of positive pressure due to its trading above its simple moving average for the previous 50-day period, in addition to that, we notice the beginning of the formation of positive divergence in the relative strength indicators, after it reached areas of severe saturation with selling operations, in an exaggerated manner compared to the price movement, with the beginning of positive signals from it.

Therefore, we expect more rise in the price of the currency during its upcoming trading, to target the pivotal resistance level $00.39302107, as long as the support level $0.18218230 remains stable.

Expected trend for upcoming trades: Upward $HBAR