Hedera, a blockchain-based project which offers the payments and enterprise solutions to the users. It operates in the blockchain called Hashgraph which enables cryptocurrencies, smart contracts, and distributed applications (DApps).
Hedera's native cryptocurrency, HBAR, is an energy-efficient cryptocurrency which powers the decentralized economy.
According to CoinMarketCap, HBAR’s maximum supply is 50,000,000,000 HBAR while its circulating supply is 21,084,776,584 HBAR. The most popular cryptocurrency exchanges to trade Hedera (HBAR) are Binance, Huobi Global, Kucoin, Bittrex, Crypto.com, and others.
HEDERA (HBAR) Price Prediction 2022
Over the past few weeks, Hedera (HBAR) price fluctuated between $0.112 at the resistance2 level and $0.081 at the resistance1 level, and then touched the $0.055 support1 level.
Irrespective of this sideways movement in the price of HBAR, we can deduce the following:
1. Based on the history at that price, Hedera (HBAR) price is expected to reverse at the $0.081 resistance1 level. In the event that investors have their way, HBAR could surge higher to the $0.112 resistance2 level before reversing due to the formation of a triple top.
2. In case of a reversal at the resistance 1 level, the price of HBAR could further decline up to the support1 level at $0.055 until a triple bottom is formed. This could lead to a bullish reversal.
In the meantime, our long-term HBAR price prediction for 2022 is bullish since it might break several psychological resistances. We can expect HBAR to reach $0.3 this year.