Hedera Hashgraph Price increased for three consecutive days, making it one of the most efficient tokens.
The Hedera token (Hbar) jumped $ 0.27 on Saturday, up 17% compared to its lowest level of this week. It increased by 110% compared to its lowest point in April, resulting in market capitalization of more than $ 11 billion.
The rally occurred after its reference on Robinhood, one of the most popular negotiation and investment platforms in the United States, with market capitalization exceeding $ 92 billion and millions of customers.
Robinhood became one of the most popular cryptographic platforms in the United States, its most recent results showed that its crypto volume had increased to $ 46.1 billion in the first quarter, compared to $ 36 billion in the same quarter last year.
Hbar Price also jumped while its stablecoin supply continued to survive. The DEFI Lalama data indicates that its stable diet has increased 9% in the last seven days to 210 million dollars. He climbed his hollow of $ 40 million this month.
The Hedera network has also continued to grow this month, the total value of stadium, the value of 55% in the last 30 days to 120 million dollars. The TVL of Saucerswap has climbed $ 68% to $ 75 million, while Bonzo Finance increased to $ 52 million.
Technical analysis of the Hbar price
The daily graphic shows that the Hbar price has formed a dual -back diagram at $ 0.1242, its lowest point on April 7 and June 22. Its neckline was $ 0.2275, its highest level in May this year.
Hedera has already made a rupture and retest scheme when returning to the support at $ 0.2275. A break and a test is a very common bullish continuation sign.
Hedera has also exceeded the level of Fibonacci retracement of 38.2% and formed a golden cross. This golden cross occurs when the 50 days and 200 days meanwhile meet.
Consequently, the Hbar token should continue to increase while the bulls target the key resistance to $ 0.2985, its highest point this month, which is around 12% above the current level. A leap above this level will indicate more gains at the top of last year, which is around 50% above the current level.
