The number of HBAR investors increased as HashPack’s wallet count spiked. MFI and CMF were bullish, but the rest suggested a continued downtrend. Hedera [HBAR] will upgrade the Hedera mainnet to v0.35.2 on 31 March.
While Hedera developers worked on the update, it was also interesting that HashPack, a leading HBAR wallet, hit 250,000 account creations
As HashPack users account for 90% of the Hedera ecosystem, an increase in their numbers reflects Hedera’s growth. It was also interesting to note that Hedera recently crossed the milestone of successfully completing 6 billion transactions on its mainnet.
HBAR’s Money Flow Index (MFI) was entering the oversold zone. This was positive, as it could increase buying pressure. Another bullish indicator was the Chaikin Money Flow (CMF), which registered an uptick lately. Nonetheless, nothing can be said with certainty as the Exponential Moving Average (EMA) Ribbons continued to favor the bears.
HEDERA remains the most convenient token for active trading, which is due to the Hashgraph technology itself and its bonuses.
The data of the sites and the analysis of the behavior of the token give enough reason to consider it a promising investment in the near future. Like other tokens, HBAR does not ignore the trends of BTC, which is clearly tired of the bearish trend and intends to turn into a bull. And here there is a double cumulative effect, because the HBAR ecosphere is much wider than the use of tokens on PoW.
We can expect HBAR to grow by 25-50% in the next 2-3 weeks