Hedera Crypto Price Prediction – HBAR vs IMPT 2022
Disclaimer: The Industry Talk section contains insights from crypto industry players and is not part of the editorial content of Cryptonews.com.
Hedera crypto has pumped over 9% despite the bearish sentiment in the blockchain markets bringing the price back above $0.062.
By closely inspecting the price charts, we can also see a potential bearish reversal pattern known as a rising wedge forming.
Will HBAR continue to pump or will a bearish reversal take place?
Hedera (HBAR) Crypto Price Prediction
Over the past few weeks, the price performance of Hedera has been quite volatile, with lows of $0.055 and highs of up to $0.084.
From a technical analysis perspective, HBAR crypto is still in a major downtrend, but recent price action shows that HBAR could be setting up to do something quite bullish if the price structure is not lost.
Hedera is currently forming a bearish reversal pattern on the smaller timeframes, so we may see a short-term pullback in price before potentially testing further resistance levels such as $0.0622.
As we can see, Hedera (HBAR) crypto is forming a rising wedge on the smaller time frames, this is usually bearish and we may lose support at $0.0615 and see further negative continuation down to $0.059.
The Fibonacci retracement suggests that if the support level is lost on this particular time frame, we can retest $0.059 and perhaps make a return there if buyers identify value at that specific price level.
Should the HBAR bulls be able to gather enough momentum and break through the $0.0629 price levels, there is a good chance that the price of Hedera could pump up to $0.082 during Q4 2022.
In my opinion, Hedera crypto is actually extremely undervalued when comparing the price from now to the 2021 bull market.
Things get interesting when you zoom out on the price lists for Hedera. We can see that HBAR has now reached oversold territory on the relative strength index.
The current price levels of Hedera are very similar to the price levels before the February 2021 parabolic bull run.
We can speculate that today’s price levels will offer similar levels of prosperity, meaning downside potential can be minimized as we navigate through the extreme fear phase of the market cycle.
The chart above also reflects that HBAR was overbought during the 2021 bull market, and a huge bearish divergence formed by merging a higher-high on price and a lower-high on the relative strength index.
In my opinion, if you want to hold cryptocurrency and have a long-term investment strategy, HBAR can certainly be a wise choice right now.
Hedera (HBAR) Crypto Video Analysis
Coinmarketcap states that Hedera (HBAR) crypto has a market cap of $1.4 billion and is ranked #39 compared to other cryptocurrencies.
We could certainly see Hedera do a 10x from current price levels by the next crypto bull run, although traders should always be risk-averse, especially as we head deeper into crypto winter.
Alternative eco-friendly cryptocurrencies?
Hedera crypto is certainly known for its eco-friendly properties, for example it is quite carbon negative, each transaction uses only 0.00017Kwh, unlike Bitcoin which uses over 885Kwh per transaction.
If you are exploring the crypto markets or looking for a new lucrative investment that also provides a solution that uses blockchain technology to help solve global warming and the climate crisis, consider IMPT Token.
By investing in IMPT, you join an effective carbon compensation program and contribute to the climate crisis by helping companies and individuals reduce their carbon footprint.
IMPT Token is actually in the pre-sale phase at the moment and has already raised an incredible $3,399,704 in just over a week. Similar traction and growth to the last presale we analyzed, Tamadoge, which generated over 1900% return on investment for investors in beta sales.
If you are looking for an exciting new cryptocurrency that has the potential to explode this crypto bear market, then look no further than IMPT Token.
The IMPT token can easily be purchased by connecting a soft crypto wallet like MetaMask or TrustWallet to the official site – to ensure you are on the Ethereum network with USDT/Ethereum ready to be converted to IMPT tokens.
You can also join my official Discord group for the latest crypto news and insights.
