Title: Hedera Hashgraph (HBAR) and Dogecoin (DOGE) Defy Market Trends with Impressive Surges
Hedera Hashgraph (HBAR) and Dogecoin (DOGE) have been making headlines with their impressive price surges, defying the broader market trend. While other altcoins have been facing selling pressure, these two cryptocurrencies have continued to rally, showcasing their strong momentum and resilience.
Dogecoin, known for its meme status in the crypto space, has recently experienced a surge of over 10%. This surge can be attributed to increased network activity and speculation surrounding the Astrobotic lunar mission. The Doge community had previously funded the space tech firm, which has sparked excitement about the possibility of physical Dogecoin being included on the moon. Although confirmation from Astrobotic is still pending, this news led to a spike in trades and a consequent increase in the price of Dogecoin. The coin’s outstanding performance is further highlighted by a substantial on-chain transaction volume of $665 million and over 2.25 billion transactions in the past 7 days, valued at $100k or more. Currently trading at $0.086, Dogecoin has seen a remarkable 9% increase in the last 24 hours, with a transaction volume reaching $2.47 billion.
As Dogecoin aims for the $0.1 milestone, it is crucial for the coin to maintain support at $0.0803. This level will open the door for testing higher resistance at $0.08393, potentially triggering further upward movement. On the other hand, a decrease in momentum might lead to a test of the support level at $0.07648.
On a different note, Hedera Hashgraph (HBAR) has been riding a different crypto wave, demonstrating significant price momentum with a surge of over 23% in the past month. Despite market trends, HBAR has maintained its upward trajectory, surpassing many top altcoins. The impressive growth of HBAR is attributed to the platform’s robust development activity and its involvement in the Hashgraph Innovation Program. Notable platforms like Digipharm are participating in this program, aiming to provide professional training and support for startup development.
Currently trading at $0.06, HBAR has gained nearly 3% in the last 24 hours. The daily chart reveals an ascending channel pattern, which typically suggests a bearish outlook. The support level for HBAR stands at $0.05, with resistance at $0.069. The Relative Strength Index (RSI) hovering around 67 indicates a potential move to break out of the oversold region. If HBAR surpasses the $0.069 resistance, it may climb beyond $0.75. Conversely, a drop below the $0.060 support could trigger a bearish trend.
In conclusion, both Hedera Hashgraph (HBAR) and Dogecoin (DOGE) have defied market trends with their impressive surges. Dogecoin’s network activity and speculation surrounding the Astrobotic lunar mission have fueled its recent surge, while HBAR’s involvement in the Hashgraph Innovation Program has contributed to its significant price momentum. These altcoins continue to show resiliency and attract attention in the ever-evolving crypto market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should do their own research before investing in cryptocurrencies.
