HEDERA decreased by 1 % over the past 24 hours, as it has diverged slightly from the bullish momentum in the wider market. This simple decline comes a few days after the standardization of prices, which is likely to be the way for a renewed move.
Indicators indicate the series that the upscale feelings may return to the HBAR market. With the pressure pressure decreased, Altcoin may successfully draw its course over the price of $ 0.20 in the near term.
Hedra merchants are betting on the upward trend
The HBAR Map indicates a great concentration of liquidity at the price area of $ 0.203. Traders use filter heat maps to determine the areas where large numbers of parking are likely to be filtered if the price reaches some thresholds.
These areas often work as a magnet to make prices, as the market tends to move towards these areas to operate filters and allow the opening of new sites.
Therefore, for HBAR, the concentration of large liquidity at the price area of $ 0.203 indicates a strong interest of merchants to buy or close short jobs around this level. This paves the stage to collect the potential price in the short term.
Moreover, the HBAR financing rate is still positive amid the performance of its pale prices. At the time of the press, it reached 0.027 %, which reflects the continuous demand for long jobs.
The financing rate is a periodic payment that is exchanged between traders who hold long and short positions on the permanent future. It is designed to keep the contract price near the immediate price of the basic asset.
When its value is positive in this way, traders have long pushed those who occupy short positions, the upcoming signal indicates that they expect prices to rise.
Hbar Eyes $ 0.23, where it builds the purchase pressure
On the daily chart, the slight height of HBAR’s Chaikin Money Flow (CMF) confirms today’s recovery to buy pressure. At the time of the press, CMF sits at 0.06.
This indicator measures the flow of money inside and outside the original. The positive CMF value indicates that purchasing the sales volume exceeds its size, indicating the accumulation of investors.
For HBAR, this trend reinforces the idea that the demand for the distinctive symbol is promoting though the last price unification. If this continues, the distinctive code price may rise to $ 0.23.
However, the HBAR price can collapse to less than $ 0.19 if the pressure sale earns the momentum.
Disintegration
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