HBAR is up by more than 6% on Tuesday following Coinbase’s integration

HBAR, the native token of the Hedera ecosystem, is one of the best-performing cryptocurrencies over the past 24 hours.

HBAR is outperforming the broader cryptocurrency market after adding more than 6% to its value so far today. 

The broader crypto market is retracing after starting the week in a positive fashion. The total cryptocurrency market remains above $1 trillion despite losing less than 1% of its value in the last 24 hours.

Bitcoin remains in the green zone and is trading above $22k per coin. The world’s leading cryptocurrency by market cap has added less than 1% to its value today. 

Ether continues to underperform despite the Merge getting closer. ETH is down by more than 2% today and is trading around $1,720 per coin. 

HBAR, the native token of the Hedera ecosystem, is one of the best performers amongst the top 100 cryptocurrencies by market cap. HBAR has added more than 6% to its value in the last 24 hours, outperforming the broader crypto market. 

The positive performance comes after Coinbase, one of the leading crypto exchanges in the world, announced its support of HBAR. 

Key levels to watch

The HBAR/USD 4-hour chart is bullish as Hedera’s native coin has been performing well over the past 24 hours. The technical indicators show that HBAR is outperforming the broader crypto market at the moment.

The MACD line crossed into the positive line over the weekend and has remained there, indicating bullish momentum for HBAR.

The 14-day relative strength index of 62 shows that HBAR is moving closer to the overbought region of the market.

At press time, HBAR is trading at $0.0683 per coin. If the bulls remain in control, HBAR could rally past the first major resistance level at $0.0735 before the end of the day.

If the broader market recovers, it could push HBAR past the $0.081 resistance point for the first time since August. 

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.


Buy HBAR with OKX today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


Buy HBAR with Binance today

The post HBAR is up by more than 6% on Tuesday following Coinbase’s integration appeared first on CoinJournal.

Leave a Reply

Your email address will not be published.