Cryptocurrency prices have been highly volatile in the past few days. Bitcoin price has moved from last week’s low of $75,000 to over $85,000. The total market cap of all cryptocurrencies has moved to $2.8 trillion, while crypto fear and greed index has dropped to the extreme fear zone. This article explores the top forecast of coins like Hedera Hashgraph (HBAR), Grass token (GRASS), and Binance Coin (BNB).
Hedera Hashgraph price analysis
HBAR price chart by TradingView
The HBAR price dropped and bottomed at $0.1816 last week as demand for the token surged and other altcoins fell. This was a crucial level since it was the lowest swing on February 3rd, and the highest swing in April last year.
HBAR price has formed a small double-bottom pattern at $0.1816. It has moved above the 50-day Exponential Moving Average (EMA). It has formed a break and retest pattern at $0.1816, a positive sign in the market.
The Relative Strength Index (RSI), MACD, and the Stochastic Oscillator have all pointed upwards. Therefore, the Hedera Hashgraph price will likely continue rising as bulls target the key resistance point at $0.30.
Hedera’s recent surge is mostly because the network partnered with Swift, an association of global banks that handles trillions of dollars a year. Swift will use Hedera as its main blockchain network for its payments.
Read more: HBAR price forecast: here’s why Hedera Hashgraph will hit $1
Binance Coin price forecast
The Binance coin price peaked at $792 in December last year. BNB price has now plunged to low of $608, down by about 25% from the highest level in 2024. The coin remains above the ascending trendline that connects the lowest swing since January last year.
The Binance coin has remained slightly below the 50-day Exponential Moving Average. It has moved to the bottom if trading range of the Murrey Math Lines at $593. The Average Directional Index (ADX) has risen slightly upwards to 22.
The BNB coin price has formed a double-bottom pattern at $562, and the neckline at $735. A double-bottom is one of the most bullish patterns in the market.
Therefore, the coin will likely have a strong bullish breakout in the coming months. Such a move will point to more upside, with the next price to watch being at $735, up by about 20% from the current level. A drop below the key support at $560 will invalidate the bullish view.
Read more: 4 reasons the Binance BNB price will surge to $1000 soon
Grass price forecast
Grass Token by TradingView
The Grass is a top blockchain network that rewards users for just installing an app on their computers. The GRASS token price has jumped from a low of $0.9060 in February this year, as the daily data scrapped moved to over 1 billion.
Grass price has moved above the key resistance level at $2.2717, its highest swing on February 22nd. It has moved above the 50-period moving average, while the Average Directional Index (ADX) has moved to 36, the highest swing on February 15. The coin has invalidated the double-top pattern.
Grass price has moved to the 61.8% Fibonacci Retracement level. Therefore, the Grass price will likely continue rising as bulls target the key resistance at $2.8615, the 78.6% Fibonacci Retracement point.
The post Crypto price prediction: Hedera Hashgraph, Grass token, BNB appeared first on Invezz
