HBAR’s price action registered some consolidation at the $0.059 price level just above the 200-day MA. The same price level demonstrated support in March
blockchain was scheduled for a quarterly testnet update on 27 April. This means the upgrade would have taken place sometime in the next few days.
1/ The quarterly Hedera testnet reset that was scheduled for Thursday April 27th, 2023 will be skipped. No action needs to be taken as a result of this decision. See below for more details.The decision will reportedly give developers more time to make changes to Hedera Smart Contract Service’s previous changes. Those changes were introduced in v0.35.2 of the Hedera service release.
The spike was also observed in HBAR’s price action which registered some consolidation at the $0.059 price level just above the 200-day MA.
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