Hedera (HBAR) is up 6% in the last 24 hours at 0.072, while most cryptocurrencies are recording losses on the back of a stronger jobs release. Hedera-enabled RegTech firm docStribute has partnered with the UK Building Society, Penrith Building Society, which will provide Penrith’s clients with access to DLT solutions. UK-based RegTech platform docStribute has teamed up with Penrith Building Society. Penrith is using the docStribute solution to deliver documents, such as welcome packs and statements, through secure, immutable hyperlinks to clients. It hopes this will reduce the time staff spends on document preparation and reduce its carbon emissions. Penrith members can benefit from instant digital access to documents, simplified communication of sensitive documents between members, and more thanks to DLT technology. The technology also boosts security through three-factor verification checks each time a document is opened.
Key Levels
Resistance Levels: $0.095, $0.0850, $0.0750
Support Levels: $0.0600, $0.0550, $0.0500
HBAR/USD Daily ChartTechnically, the HBAR/USD pair seeks to break through an important horizontal critical barrier at $0.0750 higher during the session. However, range conditions may favor the rise, at least for the time being, toward the $0.0850 level. The pair could extend its rebound toward the $0.0900 level.
The ongoing ranging trend, on the other hand, may continue if the HBAR falls below $0.0600, with eyes on the lower horizontal support level at $0.0550. Meanwhile, any attempt to return below the moving average 13 breakpoints at $0.0500 may be viewed as a selling opportunity.
HBAR/USD 4-Hour ChartThe intraday sentiment for HBAR/USD is turning bullish. A moderate advance toward the $0.0750 resistance is possible. Beyond the $0.0750 mark, however, a test at the $0.0807 near-term high may be observed. A strong breakout from here could signal the start of a broader rally.
A break of the $0.0750 resistance level, on the other hand, should be the first indicator of a bullish turnaround. Otherwise, a larger drop might keep the trend bearish. Although the long-term downturn remains, the short- and medium-term trends are consolidating.
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