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Bullish Momentum Levels up HBAR Prices; Upside Potential Likely?

Published 2022-12-21, 11:56 a/m
© Reuters. Bullish Momentum Levels up HBAR Prices; Upside Potential Likely?

  • Hedera (HBAR) has been trading in a range between $0.04188 and $0.04333.

  • The buyers have managed to hold above the $0.04 key support level.

  • The prices are facing a firm resistance at $0.05.

Hedera price action in the last 24 hours has been in a narrow range with a bullish bias. The cryptocurrency has formed a bull flag pattern between the key levels of $0.04188 and $0.04333.

The buyers have managed to hold above the critical support level of $0.04, forming higher lows at regular intervals. This is indicative of the underlying strength of the digital asset that has been on a firm uptrend in the last 24 hours, moving from an intraday low of $0.0402 and reaching a high of $0.04285 in the same time period.

The post Bullish Momentum Levels up HBAR Prices; Upside Potential Likely? appeared first on Coin Edition.

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