When is the Right Time to Sell $HBAR?

Bittime - $HBAR, the native token of the Hedera Hashgraph network, is one of the most interesting crypto assets today. This is because of the bullish trend in the last few days. So, for those of you who have bought this crypto asset, when is the right time to sell $HBAR? Check out the explanation in this article!

Selling assets in the crypto market must be done with a careful strategy so as not to lose potential further profits. In fact, the wrong strategy can lead to losses.

Many investors are worried about missing out on big opportunities and instead decide to hold onto their assets longer. However, if you want to maximize profits from your $HBAR investment, there are several things you need to pay attention to when determining the right time to sell this token. Keep watching, OK!

What Is $HBAR and Why is the Price Rising?

$HBAR is the token used in the Hedera Hashgraph network. It is a decentralized platform that offers high transaction speeds and low fees. 

Hedera has attracted the attention of many investors due to its superiority as one of the more efficient blockchain technologies. Recently, $HBAR experienced a significant price increase, with some investors reporting huge gains. 

This price increase was triggered by a series of factors. Among these are the recovery of the crypto market after several periods of volatility and growing interest in layer-1 blockchains such as XRP, Stellar, and Hedera.

However, even though the price of $HBAR is surging, it is important to remember that the crypto market is highly volatile and prone to rapid changes. Therefore, knowing when to sell the tokens you own can be crucial to avoid losses due to sudden price reversals.

Read also: Hedera (HBAR) Coin: Definition, How it Works, and Is it Good for Investment?

5 Things to Pay Attention to Before Selling $HBAR

Sumber: Crypto Economy

There are at least 5 things you need to pay attention to before selling your $HBAR tokens. The following is a complete explanation.

1. Pay Attention to Market Trends and General Sentiment 

One of the biggest factors influencing the price of $HBAR is the overall crypto market condition. If the crypto market is in a bullish trend, $HBAR tends to follow the flow. 

However, if a correction or bear market occurs, the price of $HBAR could fall quickly. Therefore, monitoring market trends and investor sentiment is very important. 

Don't just focus on the $HBAR token. However, you also need to pay attention to other large tokens such as XRP, Bitcoin and Ethereum which can provide clues about market direction.

2. Recognize Realistic Price Levels 

Many investors are tempted to sell when prices reach their highest levels, but this is often the wrong decision. Choosing to sell $HBAR at the highest price point is often risky, as the market could continue to move higher. 

Instead, try to determine a realistic selling point based on technical analysis and long-term market predictions.

3. Use Technical Indicators to Aid Decisions 

One of the best ways to determine the right time to sell $HBAR is to use technical indicators. Some indicators that can be used include Moving Average, Relative Strength Index (RSI), and Fibonacci retracement. 

If these indicators show that $HBAR has reached too high a level or is in an overbought condition, then it could be a signal to start considering selling.

Read also: Hedera Price Prediction (HBAR) 2024, 2025, 2030

4. Price Correction and Consolidation 

After experiencing a sharp increase, $HBAR tends to experience a consolidation or price correction phase. This is the time when the price moves in a narrower range before deciding to rise again. 

If you see that $HBAR has reached a saturation point and a price correction occurs, this could be a good time to sell part of your position, especially if you have made sufficient profits.

5. Risk Management and Diversification 

Always remember to maintain good risk management. Don't put all your investments in one asset, especially if you have already made significant profits from $HBAR. Consider diversifying your portfolio by moving some of the profits you earn to other, more stable assets, so that if the market experiences a correction, you are still protected.

Current HBAR Token Movement

Sumber: Coinmarketcap

Price $HBAR is currently showing quite impressive performance in the crypto market. Reporting from Coinmarketcap, the price of Hedera (HBAR) is currently around Rp. 5,304.77 per token, with trading volume in 24 hours reaching IDR 62.07 trillion. 

Price increase of 16,51% The last 24 hours have shown increasing interest in this token. This indicates quite strong bullish potential in the short term.

With a market capitalization of approx IDR 202.79 trillion and ranking #17 on CoinMarketCap, Hedera is getting closer to a more significant position on the list of leading cryptocurrencies. 

Read also: 32 Companies Collaborating with Hedera (HBAR), Here's the List!

Conclusion

Although $HBAR shows very promising potential with rapid price increases, knowing when is the right time to sell is key to maximizing profits. 

Don't be trapped by the fear of missing opportunities (FOMO) and always use technical analysis and appropriate risk management strategies. 

By understanding the various indicators mentioned above, you can make smarter and more profitable selling decisions. Hopefully this article is useful, OK!

FAQs About Hedera (HBAR)

What is Hedera HBAR?

Hedera Hashgraph is a public network that enables individuals and businesses to create powerful decentralized applications (DApps). These crypto assets are also referred to as the “trust layer of the internet”.

How many HBARs are in circulation?

HBAR has a circulating supply of 38.20 billion coins and a maximum supply of 50.00 billion HBAR.

Who is the creator of HBAR coin?

Hedera Hashgraph has two founders, namely Leemon Baird and Mance Harmon.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference: 

YouTube, Channel YouTube No Bs Crypto, accessed December 7, 2024.

coinmarketcap, Chart HBAR Coinmarketcap, accessed December 7, 2024.

Author: Y