Hedera Hashgraph (HBAR) Altcoin Becomes the Talk of the Crypto Town as SWIFT Integration Discussions Surface

The highly-popular Hedera Hashgraph (HBAR) altcoin has become the talk of the crypto town once discussions around HBAR integration into SWIFT surfaced.

Highly-popular altcoin Hedera Hashgraph (HBAR) has become a hot topic in crypto town ever since rumors of HBAR integration into SWIFT began to swirl.

On the other hand, a 6.3% downswing since yesterday pulled Hedera’s price below the $0.17 resistance line.

HBAR’s 91% Yearly Gains Fuel Optimism

HBAR’s 91% Yearly Gains Fuel Optimism

Zooming out of the charts, SWIFT testing HBAR has certainly had a positive impact on the yearly altcoin’s performance, whipping up 91.6% gains in a 365-day time window.

Crypto analysts such as Coinvo now strictly believe in HBAR price breaking through $0.22, a level, which has not been seen since May 12, before taking off for $0.35.

However, the issue with this bullish HBAR thesis is that the price slammed back under the trend-line, meaning that the $0.35 short-term target can be invalidated with a few on-chain signals going the wrong way.

Here’s What TOP 3 On-Chain Metrics Say

After two weeks of consolidation around the $0.16 area, HBAR price is potentially looking into some drastic fluctuations. All three key on-chain metrics point to HBAR bulls lacking power since June 11, when Bitcoin (BTC) began retracing from the latest $111K milestone.

Firstly, the Parabolic Stop & Reverse (SAR) signal, pictured in blue dots above the price, hints at HBAR bumping into a sell wall at this price range. Then, the Bull Bear Power (BBP) scales suggest the same, getting into the red territory since Monday afternoon.

Another key sign of crypto bears, otherwise known as short-sellers, controlling the market is the negative Chaikin Money Flow (CMF). This crypto whale financial device allows us to understand the largest crypto player sentiment around HBAR’s real-time momentum.

Indeed, the CMF still kept a positive balance on Tuesday morning, when HBAR price briefly tackled $0.18, but is now largely operating in the negative, according to TradingView’s 4-hour charts. As of press time, the #26 ranking Hedera native crypto HBAR is priced at $0.169.