Tag: sales

Hbar’s price falls 3.4% as RSI and Bop indicators point to greater sales pressure

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  • The RSI stands at 44.62.
  • The balance of power indicator returns a negative reading of -0.23.
  • The following key support is 0,150 dollars; The resistance is 0.185 dollars.

    • The native token of Hedera, Hbar, is showing signs of intensification of the bearish impulse, since technical indicators such as the relative force index (RSI) and the balance of power (BOP) suggest a growing domain of vendors in the market.

    The price of the Token has fallen 3.4% in the last week, now quoting at 0.1703 dollars, below its maximum of April 0.1747 dollars.

    This fall has left Hbar struggling to stay above the key support levels, with the RSI reading in a worrying 44.62 in the one day graph.

    Fountain: Coinmarketcap

    The RSI, a key impulse indicator used to evaluate whether a cryptocurrency is overcompraded or oversized, operates on a scale of 0 to 100. A RSI value below 50 usually reflects a weakening of the price impulse.

    In the case of Hbar, the fact that its RSI falls below the neutral brand of 50 and has a downward trend indicates a growing sales pressure.

    Unless there is a strong upward movement, the current trend can reinforce new declines.

    Power balance reading becomes negative

    In addition to the RSI, the Hbar power equilibrium indicator has become negative, with a reading of -0.23 from the latest data.

    The balance of payments compare the relative force of buyers and sellers for a defined period of time.

    A negative reading of the balance of payments means that sellers are currently more dominant, which could even weigh the Hbar price in the next few days.

    When the balance of payments remains in negative territory during a bearish trend, it reflects a continuous bearish feeling throughout the market.

    Combined with the low HBAR performance in other indicators, this suggests that buyers are currently marginalized and may need a strong trigger, such as a rebound throughout the market or an important development in the Hedera network, to recover the impulse.

    The price quotes below the key trend line

    Hbar has also fallen below a descending trend line, which reinforces the bearish configuration.

    A line of descending trend is drawn by connecting lower maximums for a period, indicating a constant downward pressure on the price.

    If Hbar fails to break this line up, the trend can be maintained.

    This formation has kept the token blocked on a descending channel for several weeks.

    While the price action remains below the trend line, technical traders can see this as a signal to sell or sell the asset in short.

    In the event that the descent continues, the next key support level is close to USD 0.150.

    A rupture below this level could pave the way for new losses unless a strong demand emerges again.

    What Hbar needs for recovery

    While the technical panorama is still weak, some factors could help change the impulse in favor of Hbar.

    A rupture above the line of descending trend, if accompanied by an increase in volume, could initiate a reversal and allow the Token to point to a recovery towards USD 0.185.

    This level represents a key resistance zone, previously tested at the end of April.

    However, for that to happen, Hbar needs to see a renewed interest of investors, either for positive developments in the hedera ecosystem or a broader recovery in the Altcoins market.

    Without a significant catalyst, the impulse indicators of the Token continue to suggest short -term bearish conditions.

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    The XRP price rises 10% in a week as long -term holders reduce sales

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    • The new XRP addresses reach a maximum of two weeks of 3,677.
    • The vitality metric falls to 0.81, indicating lower sales pressure.
    • The RSI in 60.10 indicates a strong purchase impulse

    XRP has registered an impressive 10% increase during the last week, quoting $ 2.32 at the time of writing this article.

    The increase is produced in the midst of a broader recovery of the market, as merchants return and long -term holders withdraw from sales.

    Fountain: Coinmarketcap

    Market data suggests that new tickets and the reduction of sales pressure are the key drivers behind the last XRP impulse.

    If current trends continue, Token could soon try higher price levels, although volatility risks persist.

    As the main cryptocurrencies stabilize, XRP’s relative strength could position it as one of the Altcoins to take into account in the coming weeks.

    The new XRP addresses reach a maximum of two weeks, promoting market activity

    Glassnode data They reveal that the number of new XRP addresses increased to a maximum of two weeks of 3,677 on April 28.

    This increase indicates a growing interest on the part of new participants, since the new capital tickets support the XRP price movement.

    An increase in newly created addresses often indicates a greater market activity, which can add more stability to the ascending trajectory of an asset.

    The growing number of new addresses suggests that XRP is attracting not only investors in existing cryptocurrencies but also new participants to the market, expanding its user base during this recovery phase.

    Along with this, the fall of the Livess Metriciness of XRP to 0.81, the lowest since December 1, indicates that long -term headlines (LTH) are refraining from transferring or selling their tokens.

    A decreasing vitality score generally reflects a greater conviction between holders, which suggests a more resistant XRP market structure today.

    XRP holders show confidence in the middle of lower sales pressure

    The behavior of the XRP LTH has played an important role in the action of the token price.

    The LTH, defined as addresses that contain XRP for more than 155 days, have significantly reduced their sales activity during the last week.

    This reduction in the sale pressure provides an environment conducive to price profits, reinforcing the uphill impulse of the asset.

    Historically, lower vitality levels have coincided with periods of greater price performance, since the lowest circulation of tokens is often in a lower supply pressure in the market.

    The recent fall to 0.81 underlines even more the growing confidence among investors that XRP could maintain their rebound.

    If this trend continues, XRP’s capacity to retain the interest of long -term investors could become a key factor that drives the future performance of prices.

    The XRP RSI rises to 60 and seeks resistance at $ 2.29

    Technical indicators also point to a positive feeling. XRP’s Relative Force Index (RSI) has risen to 60.10 in the daily chart, confirming the upward impulse.

    The RSI tracks the purchase and sale force, varying from 0 to 100. Normally, the readings greater than 70 indicate overcompra conditions, while the levels below 30 suggest that the asset is oversight.

    In 60.10, XRP remains in a strong purchase phase, although not yet in overcompra territory.

    If the purchase pressure persists and XRP exceeds its current resistance at $ 2.29, analysts suggest that it could rise to the $ 2.50 mark in the short term.

    The sustained interest of the new participants combined with the constant confidence of existing shareholders could play a fundamental role in maintaining the impulse.

    However, if sales activity resumes, XRP runs the risk of recovering recent profits, with a possible decrease towards the support level of $ 1.99.

    Merchants are closely monitoring these levels to evaluate the next significant movement.

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