Hedera, Chiliz, Kangamoon prices thrive as crypto greed resumes

Crypto investors are getting greedy as Bitcoin and most meme coins rebound. The crypto fear and greed index has jumped to the extreme greed zone of 83, its highest point in about two weeks. 

Bitcoin has helped lead the ongoing crypto recovery as it moved back above $70,000. Other altcoins like Hedera Hashgraph (HBAR), Chiliz (CHZ), and Kangamoon (KANGA) have continued seeing more activity.

Hedera Hashgraph price rebounds

Hedera Hashgraph, the popular Ethereum alternative, has seen strong recovery in the past few days. Most recently, HBAR token has formed a three white soldiers pattern, which is characterised by three blue candlesticks. In technical analysis, this is one of the most bullish patterns in the market.

The pattern formed after the HBAR token bottomed at $0.09896 on March 20th as Bitcoin tumbled. On the positive side, Hedera has constantly remained above the 50-day and 100-day Exponential Moving Averages (EMA), which is a positive sign.

Hedera has also moved above the ascending trendline, which connects the lowest swings since February 5th. Therefore, the outlook for the token is bullish, with the next target being at $0.1410, its highest point in March. This price is about 15% above the current level.

Hedera Hashgraph chart

Chiliz price prediction

Chiliz is one of the most unique blockchain networks in the industry. Its uniqueness is in that it is in the sports and entertainment industry, where it powers fan tokens of top clubs like Manchester United and Arsenal. It also runs Socios, a platform that enables trading of these tokens.

Chiliz price has mirrored that of Bitcoin and Hedera Hashgraph. It peaked at $0.1678 this month and then tumbled to $0.1160. The token has also formed the three white soldiers pattern and crossed the important moving averages. 

The Average Directional Index (ADX) has moved to 25, signalling that there is a strong momentum in the token. It also remains above the Supertrend indicator, meaning that bulls are in control.

Therefore, the outlook for Chiliz is bullish, with the next point to watch being at $0.1678, its highest point this year. This price is about 11% above the current level.

Chiliz price chart

Kangamoon prediction

Kangamoon, unlike Hedera and Chiliz, is not a publicly traded coin. Instead, it is now in its pre-sale phase, where it has continued to gain momentum. It has raised over $2.8 million after selling 36.3% of the total tokens. 

Kangamoon hopes to become one of the most popular meme coins in the industry. This is happening at a time when demand for these tokens is rising. As I wrote earlier, the total market cap of all meme coins has jumped to more than $63 billion. 

Unlike other meme coins, Kangamoon aims to have a strong utility by incorporating concepts of SocialFi and Play to Earn. SocialFi is the concept where holders will be able to earn $KANG tokens by competing in regular competitions.

Play-to-earn is a platform where users will play games and earn returns. It has been used widely by the likes of Heroes of Mavia and Axie Infinity. Most analysts believe that the P2E industry will get to $28 billion by 2028. You can buy the $KANGA token here.

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