Hedera Hashgraph
On-Chain Analysis
According to DefiLlama, the total value locked (TVL) of Hedera has grown by 88% since 1st Jan 2023 and currently stands at $44.2 million. This increase is driven by the sustained success of Saucerswap and launch of Heliswap and Bubbleswap, as per Messari report.
Technical Analysis
The two most important metrics in the analysis is price action and volume. Our aim is to trade with trend and trend direction is governed by momentum. When momentum decreases, there is a high probability of market moving sideways.
To determine momentum of trend, we will use price and volume.
1. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume > 21-moving average volume, we can say there is high momentum and lesser probability of price breaking below that particular resistance.
2. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume < 21-moving average volume, we can say there is low momentum and higher probability of price again moving below that particular resistance.
Support level: 0.847
Resistance level: 0.993
RSI: 70 (high momentum)
MACD> signal line
Note:
Note:
Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
According to DefiLlama, the total value locked (TVL) of Hedera has grown by 88% since 1st Jan 2023 and currently stands at $44.2 million. This increase is driven by the sustained success of Saucerswap and launch of Heliswap and Bubbleswap, as per Messari report.
Technical Analysis
The two most important metrics in the analysis is price action and volume. Our aim is to trade with trend and trend direction is governed by momentum. When momentum decreases, there is a high probability of market moving sideways.
To determine momentum of trend, we will use price and volume.
1. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume > 21-moving average volume, we can say there is high momentum and lesser probability of price breaking below that particular resistance.
2. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume < 21-moving average volume, we can say there is low momentum and higher probability of price again moving below that particular resistance.
Support level: 0.847
Resistance level: 0.993
RSI: 70 (high momentum)
MACD> signal line
Note:
Note:
Please DYOR before trading/ investing.
Studies are for educational purposes only.
We will not be responsible for any kind of your Profits & Losses.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.