{"id":511434,"date":"2022-12-07T02:00:53","date_gmt":"2022-12-07T07:00:53","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=511434"},"modified":"2022-12-07T07:33:42","modified_gmt":"2022-12-07T12:33:42","slug":"hedera-continues-to-consolidate-near-its-lowest-level","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/hedera-continues-to-consolidate-near-its-lowest-level\/","title":{"rendered":"Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022"},"content":{"rendered":"
Hedera (HBAR), the native and <\/span>energy-efficient cryptocurrency<\/span><\/a> of an open source public distributed ledger bearing the same name, started the year on a high note, peaking at $0.3282 on January 5.<\/span><\/p>\n But the crypto asset failed to keep up its momentum and gradually declined over time until it fell below the $0.10 marker on May 13 when it bottomed at $0.0870.<\/span><\/p>\n Since then, the altcoin struggled to climb back up and its woes were compounded by the negative effects of the collapse of the FTX cryptocurrency exchange platform.<\/span><\/p>\n On November 10, Hedera <\/span>recorded its 2022 low<\/span><\/a> when it changed hands at $0.0439 and is not showing any signs of initiating a bullish run anytime soon.<\/span><\/p>\n Its relevant technical indicators are also nothing to be excited about as they are not indicating an upward push that may happen over the next few days or weeks.<\/span><\/p>\n According to latest tracking from <\/span>Coingecko<\/span><\/a>, at the time of this writing, HBAR is trading at $0.0482 and is dangerously close to the lowest level it has been this year.<\/span><\/p>\n The crypto has lost 2.7% of its value during the previous seven days and its bi-weekly gains only stand at 3.3%, although it managed to increase its market capitalization by $40 million over the last 24 hours and now has $1.20 billion in overall valuation.<\/span><\/p>\n Sadly, the altcoin\u2019s Relative Strength Index (RSI) is <\/span>no better than its 12-month low<\/span><\/a> despite some episodes of minor upticks in this particular department.<\/span><\/p>\n\n
Not Much To Look Forward To For Hedera?<\/b><\/h2>\n