Hedera Hashgraph (HBAR)
The robust technology of HBAR hits a snag as it battles resistance and low trading value at $0.0562, marking a minor -6.5% retraction. The promising spike of +14.3% on the news of FreshSupplyCoAU integrating Hedera into its Continuity API – connecting the blockchain with the Mastercard network – was swiftly countered by the market’s response. The steadfast support of the 20DMA and a positive MACD signal at 0.0003 offer respite, despite the adverse price progression.
Contrary to the upswing optimism, RSI paints a bearish picture, currently overextended at 60.70, though the -6.5% retraction might cool this critical indicator. Set against a backdrop of an ironclad resistance around $0.06 and the supportive 20DMA at $0.535, HBAR’s risk-reward ratio rolls out to 1.17, posing a tepid opportunity for traders.
Shibie Token
As traders move past the humdrum of HBAR’s performance, they turn to the burgeoning genre of meme coins. The ‘Shibie’ token, a coalescence of the ‘Shiba-Inu’ dog and the illustrious ‘Barbie’ brand is grabbing the limelight. The Pre-sale ‘Shibie’ token is pegged at an enticing $0.000167, with a whopping $175,000 already in the kitty. The token’s maiden fundraise targets an achievable $999,999, for which the demand is on a rapid rise.
Barbified Meme Coin Appeal
The ‘Shibie’ token, with its glamorous fusion of Shiba Inu and Barbie, promises to redefine the meme coin vertical. With a 20% allocation to DEX liquidity and 10% to a centralized exchange, ‘Shibie’ anticipates smooth trading right from its launch while amplifying its reach. Bolstered by a well-orchestrated marketing campaign, the ‘Shibie’ token is expected to be the cynosure of the crypto space.
While the HBAR grapples with resistance, it ought to leverage its distinctive enterprise-grade, high-throughput capabilities to garner a market edge. On the other side, the hype around the ‘Shibie’ token could potentially establish a new norm for meme coins, harnessing the power of pop-culture for a profitable impact on the crypto space. However, the volatile nature of crypto assets warrants a cautious investment approach.
Source: Cryptonews
