Hedera’s HBAR Trades at $0.08767 Near $0.09 Resistance Level
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Hedera’s HBAR traded at $0.08767 on Binance’s HBAR/USDT spot market at 7:25 a.m. ET (11:25 UTC) Oct. 18, below the $0.09 level identified as both resistance and a pivot. The chart placed support at $0.08, which also matched the 200-day simple moving average and the lower Bollinger Band. The middle Bollinger Band was at $0.09, while the upper band was at $0.11. The 14-period daily relative strength index stood at 47.26. The MACD and signal lines were both -0.0014, with a histogram reading of 0.0000. Stochastic %K was 32.60, compared with %D at 26.08. HBAR is Hedera’s native cryptocurrency. It is used to pay for network services and to secure the network through proof of stake. Enna Lee reports on investing and digital-asset markets for TokenPost.
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