Hedera Hashgraph Cryptocurrency Forecast

High volatility in Hedera Hashgraph cryptocurrency price on Friday which ended trading at $0.112
(Updated on Apr 26, 2024)

HBARUSD Signals & Forecast

The Hedera Hashgraph cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.103 and $0.102. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -17.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Hedera Hashgraph cryptocurrency

Hedera Hashgraph finds support from accumulated volume at $0.109 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0162 between high and low, or 14.94%. For the last week, the cryptocurrency has had daily average volatility of 27.78%.

Our recommended stop-loss: $0.105 (-5.64%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 50 days ago.)

Trading Expectations (HBARUSD) For The Upcoming Trading Day Of Saturday 27th

For the upcoming trading day on Saturday, 27th we expect Hedera Hashgraph to open at $0.115, and during the day (based on 14 day Average True Range), to move between $0.0928 and $0.130, which gives a possible trading interval of +/-$0.0188 (+/-16.86%) up or down from last closing price. If Hedera Hashgraph takes out the full calculated possible swing range there will be an estimated 33.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.112 (0.30%) than the support at $0.109 (2.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Hedera Hashgraph cryptocurrency A Buy?

Hedera Hashgraph holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.910 Hold/Accumulate Unchanged

Predicted Opening Price for Hedera Hashgraph of Saturday, April 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.