HBAR Price Analysis: HBAR Jumps 15% as Hedera Is Finally Listed on Coinbase

• Hedera (HBAR) price rose in the last five consecutive days
• At the time of writing, HBAR was trading at $0.071, up 13% in the last 24 hours
• Coinbase has announced that it will add support for Hedera (HBAR) on the Hedera network

Hedera (HBAR) prices rose for the last five consecutive days, with today’s rise of 15% being the biggest. At the time of writing, HBAR was trading at $0.071, up 13% in the last 24 hours. Coinbase has announced that it will add support for Hedera (HBAR) on the Hedera network. It stated, “Inbound transfers for this asset are available on Coinbase in the regions where trading is supported.” Trading will begin on or after 9 AM PT on September 13, 2022, if liquidity conditions are met. Once the sufficient supply of this asset is established trading on our HBAR-USD and HBAR-USDT trading pairs will launch in phases. A couple of weeks back, the top cryptocurrency exchange announced it had added Hedera (HBAR) to its roadmap. This remains positive news for Hedera, as listing on Coinbase would increase its exposure. Last month, Uphold, a digital money platform with over 1.7 million users, announced the integration of hedera (HBAR) to give users the option of depositing and withdrawing HBAR on the platform.

Key Levels
Resistance Levels: $0.1000, $0.0850, $0.0750
Support Levels: $0.0650, $0.0600, $0.0481

HBAR/USD Daily Chart: Ranging

HBAR/USD Daily Chart

Beyond the $0.0700 level, HBAR/USD remains bid in the upper end of its recent range, and it has renewed its upward bias toward flipping the daily moving average (MA 50). In light of the ongoing risk appetite trend in the global markets, the pair is still moving higher at the start of the week. The HBAR/USD remains unchanged in its upward movement and is edging closer to the $0.0750 resistance level.

The price of the pair is currently rising by 13.50% to $0.0735, and if the $0.0750 zone is broken, $0.0850 will be reached on the way to setting new monthly highs. On the other hand, $0.0650 serves as the first support level, followed by the monthly low of $0.0578 and the yearly low of $0.0456.

HBAR/USD 4-Hour Chart: Ranging

HBAR/USD 4-Hour Chart

The HBAR/USD’s recovery from the $0.0576 level is still taking shape, and the intraday bias is upward toward a test of the $0.0750 level. We can expect a stronger rebound from $0.0700 levels to start up later, with a breach of the $0.0850 mark, as the rebound from $0.0576 to $0.0735 has been supported at $0.0650 levels.

On the downside, a break of the crucial support level at $0.0650 could indicate that the upward trend from the $0.0576 level is over. In the meantime, intraday bias may shift back to the downside at the 125.08 support level.

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