1. BITBILIHome
  2. Article

Hashflow price analysis: Following a reemergence of bullish momentum, the price climbs to $0.459

• 18 views

TL;DR Breakdown

  • The price has returned to $0.459 level.
  • Hashflow price analysis predicts bullish comeback.
  • Support is still steady at $0.440.

The most recent Hashflow price analysis indicates a notable bullish recovery with today’s further elevation. Following the significant correction on May 31, 2023, which triggered a strong downtrend, the price has exhibited a consistent recovery since yesterday. The bulls have efficiently maintained control, leading to regained momentum, resulting in the current price of $0.459.

HFT/USD 1-day price chart: The price’s proximity to $0.460 suggests a renewed possibility of improvement

The one-day analysis of Hashflow’s price suggests a rise in price, as indicated by the return of a bullish candlestick on the price chart. Two days ago, the cryptocurrency experienced significant bearish resistance, resulting in a substantial decline in price. However, today, the bulls are attempting to recover from the bearish shock. As a result, the price has climbed to $0.459, slightly surpassing the moving average (MA) level of $0.455.

hft 1djopa.459" src="https://en.bitbili.com/wp-content/uploads/2023/06/frc-dcdd3289c9927c80d75242e85397838b.png">Hashflow price analysis: Following a reemergence of bullish momentum, the price climbs to <img decoding=.459" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/06/frc-dcdd3289c9927c80d75242e85397838b.png">
HFT/USD 1-day price chart. Source: Tradingview

The diminishing volatility suggests a possibility of fewer price oscillations in the coming days. As a result, the upper Bollinger band currently sits at $0.477, indicating a resistance level for HFT. Conversely, the lower Bollinger band reveals a value of $0.429, signifying support for the cryptocurrency. Additionally, the Relative Strength Index (RSI) score has risen to 45, implying heightened buying activity in the market.

Hashflow price analysis: The price is experiencing a downturn as bearish pressure forms

The four-hour analysis of Hashflow’s price suggests a downturn, as the bears have managed to halt the price oscillation. The price has experienced a slight devaluation to $0.459, which was unexpected considering its previous steady upward movement. However, in the past few hours, the uptrend has reversed, resulting in a significant decrease in price. Fortunately, the impact of this decline is limited. The moving average currently sits at $0.453, while the Bollinger bands maintain an average of $0.458.

hft4hiapp.459" src="https://en.bitbili.com/wp-content/uploads/2023/06/frc-1745f664d8a47bd4210a0841cb17e0d6.png">Hashflow price analysis: Following a reemergence of bullish momentum, the price climbs to <img decoding=.459" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/06/frc-1745f664d8a47bd4210a0841cb17e0d6.png">
HFT/USD 4-hour price chart. Source: Tradingview

The upper Bollinger band is now touching $0.490 whereas the lower Bollinger band is at $0.426. The RSI curve has flattened significantly in the last few hours and has been hovering at index 52, which is a quite neutral figure but shows pressure from the sellers’ side in the market.

Hashflow price analysis conclusion

The one-day and four-hour Hashflow price analysis offer favorable signals to buyers, as the price has experienced a significant recovery today. Reaching its previous high of $0.459, the price reflects the impact of bullish momentum. While the hourly prediction for HFT/USD may not be particularly encouraging, potentially leading to a decline in the near future, the overall trend remains in favor of buyers. Today, the coin continues to register gains.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Hashflow price analysis: Following a reemergence of bullish momentum, the price climbs to $0.459

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月7日 00:47
Next 2023年6月7日 02:49

Related articles

  • Binance Resolves SEC Dispute, Looks to the Future with Confidence

    TL;DR Breakdown Binance CEO expresses relief as the company resolves the dispute with the SEC. The company remains committed to operations and ensures the safety of user funds. Description In a significant turn of events, Binance, the world’s leading cryptocurrency exchange, has reached an agreement with the United States Securities and Exchange Commission (SEC), putting an end to the long-standing dispute that had cast a shadow of uncertainty over the company’s operations. Changpeng ‘CZ’ Zhao, the CEO of Binance, expressed his relief and joy … Read more In a significant turn of events, Binance, the world’s leading cryptocurrency exchange, has reached an agreement with the United States Securities and Exchange Commission (SEC), putting an end to the long-standing dispute that had cast a shadow of uncertainty over the company’s operations. Changpeng ‘CZ’ Zhao, the CEO of Binance, expressed his relief and joy as the regulatory cloud dissipated, allowing the company to refocus on its future endeavors. After a period of intense scrutiny and speculation, the US District Court for the District of Columbia Judge Amy Berman Jackson approved the “Proposed…

    Article 2023年6月20日

  • Financial Giants Pave the Way for Ethereum Futures ETFs

    TL;DR Breakdown Financial giants are rushing to apply for Ethereum futures ETFs following the successful launch of Bitcoin ETFs. Despite a 2% price increase in Ethereum, options data suggest a negative outlook for the cryptocurrency over the next six months. Description In the wake of the successful applications for spot Bitcoin ETFs in mid-June 2023, several financial giants are now turning their attention to Ethereum futures ETFs. The move has brought strong optimism to the broader crypto community, as these companies look to diversify their offerings beyond Bitcoin. Six prominent financial firms, including Volatility Shares, Bitwise, … Read more In the wake of the successful applications for spot Bitcoin ETFs in mid-June 2023, several financial giants are now turning their attention to Ethereum futures ETFs. The move has brought strong optimism to the broader crypto community, as these companies look to diversify their offerings beyond Bitcoin. Six prominent financial firms, including Volatility Shares, Bitwise, Roundhill, VanEck, Proshares, and Grayscale, have recently filed applications for Ethereum futures ETFs. The applications were reported by Eric Balchunas, a senior ETF analyst at Bloomberg,…

    Article 2023年8月2日

  • Has Silicon Valley reached the end of the tunnel?

    TL;DR Breakdown Uber reports its first-ever profit, signaling a potential shift in Silicon Valley’s approach. The 2010s saw Silicon Valley prioritizing aggressive growth, often at the cost of sustainability. Modern tech CEOs now emphasize sustainability and responsibility, though underlying incentives remain the same. Description The recent announcement of Uber’s first-ever profit was more than a milestone for the company – it was a potential signifier of a changing landscape in Silicon Valley. A shift in mindset from unbridled growth to fiscal responsibility and sustainability is on the horizon, but has Silicon Valley truly transitioned? From ‘cash burn’ to cash … Read more The recent announcement of Uber’s first-ever profit was more than a milestone for the company – it was a potential signifier of a changing landscape in Silicon Valley. A shift in mindset from unbridled growth to fiscal responsibility and sustainability is on the horizon, but has Silicon Valley truly transitioned? From ‘cash burn’ to cash flow: A Silicon Valley evolution Silicon Valley, during its boom in the 2010s, was notorious for an aggressive “grow at all costs” strategy….

    Article 2023年8月7日

  • The SEC takes on BlackRock’s Bitcoin ETF proposal

    TL;DR Breakdown BlackRock’s spot Bitcoin ETF application was included in the SEC’s Nasdaq stock market proposed rulemaking filings on July 13. BlackRock’s late June Bitcoin ETF amendment prompted the move. According to SEC officials, BlackRock and other asset managers’ first ETF applications needed to be increased. Description The U.S. Securities and Exchange Commission (SEC) has approved Blackrock’s application for a bitcoin exchange-traded fund (ETF). The move shows that the regulator is preparing to consider a bitcoin ETF seriously. This could finally pave the way for more people to buy and use crypto assets and products. SEC reviews BlackRock Bitcoin ETF The U.S. … Read more The U.S. Securities and Exchange Commission (SEC) has approved Blackrock’s application for a bitcoin exchange-traded fund (ETF). The move shows that the regulator is preparing to consider a bitcoin ETF seriously. This could finally pave the way for more people to buy and use crypto assets and products. SEC reviews BlackRock Bitcoin ETF The U.S. securities regulator has approved Blackrock’s request for a spot bitcoin ETF. Once it’s in the Federal Register, the SEC will…

    Article 2023年7月18日

  • Polygon Price Prediction 2023-2032: Is MATIC Going Past $1 Soon?

    Contents hide 1 Polygon Price Prediction 2023-2032 2 How much is MATIC worth? 3 MATIC price analysis: MATIC price holds tight with in a bearish region 4 MATIC price analysis 1-day chart: MATIC/USD fails to initiate a surge above $0.87 5 MATIC/USD 4-hour price chart: Bulls failed to hold MATIC price near EMA20 6 What to expect from MATIC price analysis next? 7 Polygon Price Predictions for 2023-2032 7.1 Price Predictions by Cryptopolitan 7.1.1 Polygon Price Prediction 2023 7.1.2 Polygon Price Prediction 2024 7.1.3 Polygon Price Prediction 2025 7.1.4 Polygon Price Prediction 2026 7.1.5 Polygon Price Prediction 2027 7.1.6 Polygon Price Prediction 2028 7.1.7 Polygon Price Prediction 2029 7.1.8 Polygon Price Prediction 2030 7.1.9 Polygon Price Prediction 2031 7.1.10 Polygon Price Prediction 2032 7.2 Price Prediction by Coincodex 7.3 Price Prediction by DigitalCoinPrice 7.4 Price Prediction by PricePrediction.Net 7.5 Polygon Price Prediction By Industry Experts 8 Polygon Overview 9 Polygon Price History 10 Recent News/Opinions on MATIC 11 More on Polygon (MATIC) 11.1 What’s Polygon (MATIC)? 11.2 Polygon Use Cases 11.3 Pros and cons of investing in Polygon (Matic) 11.3.1…

    Article 2023年5月18日
TOP