• Hedera Hashgraph token has gained 14% in the last week

• Hedera’s differentiation is a source

  of strength

• HBAR has been resisted

Hedera Hashgraph HBAR/USD has returned 14% in the past week. Investors are naturally curious about whether cryptocurrency can sustain its gains. It is not possible unless crypto sentiment and a key breakout occur.

Hedera Hashgraph claims to be a crypto network that allows anyone to deploy applications. Hedera distinguishes itself by limiting the number of nodes involved in determining transaction history. It reduces the possibility of transactions being altered. Hashgraph believes that the feature provides businesses with security when they use data to make business decisions. Hedera’s model has attracted corporates like IBM.

While Hedera’s use case is undisputed, other blockchains are also competing for its attention. Investors who are interested in the native token, HBAR should be aware of key level (s), before they enter.

HBAR meets resistance amid a bullish week

Source – TradingView

HBAR has been bullish following the week’s gains. Bullish momentum is confirmed by the MACD line, which is above its moving average. However, a technical trader will be keen to know that HBAR has just met resistance at $0.07. As bullish momentum fades, the token is consolidating. It will likely drop below. This is speculative, as any surge could cause HBAR to trade above the resistance.

We insist that HBAR must surpass the resistance level in order to claim higher prices. If this happens, HBAR can reclaim $0.1. Next is $0. 15, depending on the prevailing crypto sentiment. For now, HBAR remains susceptible to $0.05.

Summary

Despite weekly gains, HBAR remains trapped by the $0. 07 resistance. The token could slip further. HBAR could reach $0.1 if it breaks above resistance.