Is Hedera Heading for a Major Correction or Rally?

Quick Summary:

Hedera’s native token, HBAR, has captured traders’ attention with a sharp upward trajectory over the past month, gaining 216% to reach $0.171 six days ago—a seven-month high.Currently trading at $0.1525, the token is up 10.22% in the last 24 hours but remains 73% below its all-time high.

While this indicates the uptrend is still intact, it suggests a significant decline in momentum.

HBAR is hovering near the Kijun-Sen line, indicating consolidation.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Hedera Altcoin HBAR Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 12:24:36 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23949236

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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