FedNow, the US Federal Reserve’s instant payment system, brought a 35 percent increase in HBAR with the Hedera Hashgraph announcement.
Used as the instant payment system of the US Federal Reserve FedNow announced that it will use Hedera Hashgraph as its service provider. HBAR, which took off with the effect of the news, showed an increase of 18 percent. Considering that the crypto money market has been pricing in the news effect for a while, the increase in HBAR seems to not slow down. How is the graph in HBAR, which has increased by 35.95 percent in the last 24 hours?
Hedera (HBAR) technical analysis
HBAR, which exploded with the news of FedNow, came from $ 0.558 to $ 0.0759. With a total increase of 36%, HBAR As long as the news can maintain its momentum, it could attack towards $0.0779 – $0.0833 and $0.0918 respectively. In this process, FedNow, the news in the market and the price structure of BTC will also have a say.
Currently hovering in the middle of the next support and resistance level, HBAR may test for $0.070 – $0.065 and $0.062, respectively, if it starts to see selling pressure. If $0.062 is lost, retracements to $0.0558, which is the starting point of the rise, are possible.
