Hedera Network Achieves 100 TPS, Enhancing Market Competitiveness
- Transaction Capacity Boost: Hedera's mainnet has achieved a transaction capacity of 100 transactions per second (TPS), while the testnet reached 44 TPS, indicating significant enhancements in network scalability, which strengthens Hedera's position in the competitive blockchain market.
- Increased Market Appeal: As transaction capacity rises, HBAR garners attention as a potential strong player, prompting more businesses to consider partnerships with Hedera, thereby paving the way for new business opportunities.
- Prospects for Technological Upgrades: Upcoming network upgrades are expected to further enhance performance, with developers playing a critical role in ongoing improvements, which will have profound implications for future strategic plans and investment timing.
- Boosted Confidence: This growth enhances market confidence, with analysts noting that the expansion of transaction capacity is a testament to Hedera's underlying architecture and strategic foresight, potentially attracting more investor interest in the network's long-term development.
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Technical Analysis for HBAR
Technical Sentiment Analysis for Hedera (HBAR) As of , Hedera (HBAR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HBAR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HBAR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hedera (HBAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0484 | 0.0603 | 0.075 | 0.0869 | 0.102 | 0.114 | 0.128 |
| Fibonacci | 0.0603 | 0.0705 | 0.0767 | 0.0869 | 0.0971 | 0.103 | 0.114 |
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