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Hedera’s HBAR Trades at $0.08767 Near $0.09 Resistance Level

HBAR was quoted on Binance’s HBAR/USDT spot market at 7:25 a.m. ET (11:25 UTC) Oct. 18. The chart places support at $0.08.

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Silver token sits just beneath a raised brass bar on a chart grid / TokenPost.ai
Silver token sits just beneath a raised brass bar on a chart grid / TokenPost.ai

Hedera’s HBAR traded at $0.08767 on Binance’s HBAR/USDT spot market at 7:25 a.m. ET (11:25 UTC) Oct. 18, below the $0.09 level identified as both resistance and a pivot.

The chart placed support at $0.08, which also matched the 200-day simple moving average and the lower Bollinger Band. The middle Bollinger Band was at $0.09, while the upper band was at $0.11.

The 14-period daily relative strength index stood at 47.26. The MACD and signal lines were both -0.0014, with a histogram reading of 0.0000. Stochastic %K was 32.60, compared with %D at 26.08.

HBAR is Hedera’s native cryptocurrency. It is used to pay for network services and to secure the network through proof of stake.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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