Our Hedera Hashgraph price prediction suggests that HBAR price may go as high as $0.81 in 2022. It would only be possible if Hedera’s price overcomes a few major resistances and doesn’t break $0.19 support. The fears of quantitative tightening have put crypto markets in a severe downtrend. Ongoing geopolitical tensions in Europe have further intensified this downtrend, reducing the total crypto market- cap by 1/3rd. Hedera coin price is currently trading 62% below its September 2021 ATH of $0.57.
Latest Hedera Hashgraph News
Hedera Hashgraph is based on the patented distributed consensus mechanism different from other blockchains. This mechanism, known as Hashgraph, is the brainchild of Dr Leemon Baird. He is also the Co-founder and Chief Scientist of Hedera Hashgraph. This unique architecture theoretically allows Hedera crypto to process hundreds of thousands of transactions per second. However, before Hedera Hashgraph price prediction, let’s look at a significant development.
As per the latest Hedera Hashgraph news, banking giant ANZ has recently shown interest in the network. According to ANZ portfolio lead Nigel Dobson, the institution is evaluating the feasibility of DeFi products. According to reports, the Big Four bank has also minted tokens on the HBAR crypto testnet.
Hedera Hashgraph Price Prediction
Technical analysis of the Hedera coin indicates that a bullish move may be just around the corner. First, however, the HBAR price needs to flip the $0.26 level to signify a triple bottom. At the time of writing, Hedera Cryptocurrency is trading at $0.214, 62% below its September 2021 ATH. If the price regains 200 EMA in the short term, the Hedera Hashgraph price might target the $0.42 level before 2022.
HBAR price seems less likely to hit $1 this year. Nevertheless, the price target of $0.81 appears to be a valid one. For this Hedera Hashgraph price prediction, Hedera must flip the $0.42-0.44 level with great volume. The target of $0.81 also aligns with the 1.618 Fib level of the recent retracement from September 2021 ATH of $0.57. It is also important to note that any breach of the $0.19 level could invalidate this price prediction.