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HEREDA Token Report – 22nd Dec’23

Hedera (HBAR) stands out as the foremost, eco-friendly, enterprise-level public network designed for the decentralized economy, enabling both individuals and businesses to develop robust decentralized applications (DApps).

HBAR is ranked #72 with a market capitalization of nearly $134 million. The current market price of the token is $0.091 USDT.

The HBAR/USDT price has been on an uptrend since mid of October 2023, doubling in value since then. On the daily time-frame, the trend is on the verge of a breakout from the flat consolidation level with volume support and price momentum. The next resistance is expected at 0.111 USDT and the next support is expected at 0.087 USDT.

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