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. Twitter account Hedera Status mentioned that the upgrade would take approximately 60 minutes to complete, and users should expect some […]
’s Money Flow Index was entering the oversold zone. This was positive, as it could increase buying pressure. Another bullish indicator was the Chaikin Money Flow , which registered an uptick lately. Nonetheless, nothing can be said with certainty as the Exponential Moving Average Ribbons continued to favor the bears.While a few of the market indicators were positive, the same can’t be said for the on-chain metrics.
’s funding rate declined sharply, reflecting less demand for the token in the derivatives market. Although Hedera was set to release its upgrade, development activity plummeted sharply. The network’s social dominance also declined, suggesting less popularity for Hedera.Subscribe to get it daily in your inbox.
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