[ad_1] <br><div> <p><strong>This text supplies a technical evaluation of HBAR and examines key indicators, such because the 200-day Shifting Common, Parabolic SAR, and its present chart construction to supply insights into present market tendencies and potential future actions of the token.</strong></p> <p><a target="_blank" href="https://blockzeit.com/hedera-hires-brian-brooks-to-revolutionize-blockchain-technology/" rel="noreferrer noopener">Hedera Hashgraph</a> is a distributed ledger know-how (DLT) that goals to supply a safe and scalable platform for decentralized functions (<a goal="_blank" class="glossaryLink" aria-describedby="tt" data-cmtooltip="&lt;div class=glossaryItemTitle&gt;DApps&lt;/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;Purposes working on a decentralized community. Stands for decentralized utility.&amp;lt;br/&amp;gt;&amp;lt;!-- /wp:paragraph --&amp;gt;&lt;/div&gt;" href="https://blockzeit.com/glossary/dapps/" data-gt-translate-attributes="[{" attribute="" rel="noopener">dApps</a>). The platform is governed by the Hedera Governing Council, which is made up of leading organizations across various industries. </p> <p>One of the native tokens on the Hedera network is HBAR, which has been gaining popularity among traders and investors. </p> <p>In this article, we will focus on the technical analysis of <a target="_blank" href="https://blockzeit.com/iso20022-projects-can-hedera-hashbar-make-you-1000x-in-2023/" rel="noreferrer noopener">HBAR</a>, specifically looking at longer time frames to gain insights into its market trends and potential future movements.</p> <h2 id="h-technical-outlook">Technical Outlook</h2> <p><em>Disclaimer: The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by Blockzeit. You should consider seeking a financial advisor to check how the website information relates to your unique circumstances.</em></p> <h2>200-day Moving Average</h2> <figure class="wp-block-image size-large"><img width="1024" height="442" alt="1" sizes="(max-width: 1024px) 100vw, 1024px" nitro-lazy-srcset="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-1024x442.png 1024w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-300x129.png 300w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-768x331.png 768w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-1536x663.png 1536w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-750x324.png 750w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-1140x492.png 1140w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1.png 1843w" nitro-lazy-src="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/1-1024x442.png" class="wp-image-31553 nitro-lazy" decoding="async" nitro-lazy-empty="" id="MTA4Nzo3Mzk=-1" src="data:image/svg+xml;nitro-empty-id=MTA4Nzo3Mzk=-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTAyNCA0NDIiIHdpZHRoPSIxMDI0IiBoZWlnaHQ9IjQ0MiIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48L3N2Zz4="/></figure><p>The 200-day moving average (MA) is a popular technical indicator used by traders to determine the overall trend of an asset. Currently, HBAR is hovering above the 200-day MA. The cryptocurrency went on an epic run in February of last month, topping at $0.09, and is now retesting the 200-day MA. This level is a critical support zone, and if HBAR breaks below it, it may indicate a bearish trend.</p> <h2>Parabolic SAR – Weekly</h2> <figure class="wp-block-image size-large"><img width="1024" height="442" alt="2 1" sizes="(max-width: 1024px) 100vw, 1024px" nitro-lazy-srcset="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-1024x442.png 1024w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-300x130.png 300w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-768x332.png 768w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-1536x664.png 1536w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-750x324.png 750w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-1140x492.png 1140w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1.png 1845w" nitro-lazy-src="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/2-1-1024x442.png" class="wp-image-31554 nitro-lazy" decoding="async" nitro-lazy-empty="" id="MTA5NTo3NTc=-1" src="data:image/svg+xml;nitro-empty-id=MTA5NTo3NTc=-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTAyNCA0NDIiIHdpZHRoPSIxMDI0IiBoZWlnaHQ9IjQ0MiIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48L3N2Zz4="/></figure><p>The Parabolic SAR is a trend-following indicator that can help traders identify potential reversals in an asset’s price movement. On the weekly chart, HBAR’s Parabolic SAR shows a steady uptrend for consecutive weeks since January of 2023. This is an excellent sign for the token, indicating that it has been attracting buyers.</p> <p>The Parabolic SAR is one of my favorite indicators I would like to use as it spots trends and reversals. If the trend of HBAR breaks, the SAR indicator must print at least 2-3 consecutive dots above the candle to confirm a downward trend of the token. This can help traders avoid false signals and make informed decisions.</p> <h2>Falling Wedge retest – Weekly</h2> <figure class="wp-block-image size-large"><img width="1024" height="445" alt="3 2" sizes="(max-width: 1024px) 100vw, 1024px" nitro-lazy-srcset="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-1024x445.png 1024w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-300x130.png 300w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-768x333.png 768w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-1536x667.png 1536w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-750x326.png 750w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-1140x495.png 1140w, https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2.png 1845w" nitro-lazy-src="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2023/03/3-2-1024x445.png" class="wp-image-31555 nitro-lazy" decoding="async" nitro-lazy-empty="" id="MTEwNzo3NTc=-1" src="data:image/svg+xml;nitro-empty-id=MTEwNzo3NTc=-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTAyNCA0NDUiIHdpZHRoPSIxMDI0IiBoZWlnaHQ9IjQ0NSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj48L3N2Zz4="/></figure><p>Using a line chart to avoid scam wicks, HBAR on a log chart is exhibiting characteristics of a textbook retest of a falling wedge. This pattern is a bullish sign, indicating that the cryptocurrency may be gearing up for a potential breakout. However, traders must keep an eye on the price action to confirm this trend.</p> <h2>Final Thoughts</h2> <p>HBAR’s technical outlook seems positive, with key indicators showing bullish signs. It is important to note that the cryptocurrency market is highly interconnected, and Bitcoin’s movements can have a significant impact on the entire market. If Bitcoin experiences a significant price movement in the next few weeks, altcoins including HBAR will follow suit. As such, traders must also keep a close eye on<a target="_blank" href="https://blockzeit.com/currencies/bitcoin/" rel="noreferrer noopener"> Bitcoin’s price</a> action and market sentiment to make informed decisions regarding HBAR and other cryptocurrencies.</p> <div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope="" itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"><img width="100" height="100" alt="Memories 4" itemprop="image" nitro-lazy-src="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2022/12/Memories-4-scaled.jpg" content="https://cdn-cfoln.nitrocdn.com/fVAcSYZkKvEJjsertvGjLoUHXtqXWuFL/assets/images/optimized/rev-01b2064/wp-content/uploads/2022/12/Memories-4-scaled.jpg" class="nitro-lazy" decoding="async" nitro-lazy-empty="" id="MTExNjoyOTk=-1" src="data:image/svg+xml;nitro-empty-id=MTExNjoyOTk=-1;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMTkyMCAyNTYwIiB3aWR0aD0iMTkyMCIgaGVpZ2h0PSIyNTYwIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg=="/></div><div class="saboxplugin-desc"><div itemprop="description"><p>Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.</p> </div></div></div></div> </div> <br>[ad_2] <br><a href="https://blockzeit.com/hbar-technical-analysis-understanding-the-cryptocurrencys-next-move/">Source link </a>