Hedera (HBAR) Gains 27% in a Week—Is $0.40 the Next Stop?
The post Hedera (HBAR) Gains 27% in a Week—Is $0.40 the Next Stop? appeared on BitcoinEthereumNews.com. Hedera’s native token, HBAR, surged over 27% in just one week to $0.19 amid bullish technical indicators. HBAR could rally towards $0.4 if it breaks over key resistance levels. Hedera (HBAR) has experienced a remarkable price rally, gaining over 20% over the past 24 hours. The latest price surge comes despite the crypto market registering mixed momentum. Technicals Looking Good for Hedera According to our data, HBAR price was traded at $0.1986 with a daily and weekly growth of 6.5% and 27% respectively. Notably, HBAR boasts a 24-hour trading volume of $826 million. This metric increased by over 24%, indicating renewed interest from traders and investors. Investors are accumulating HBAR, possibly due to the regular gains and its ability to overcome key resistance levels. The price of HBAR remained stable over the last 24 hours. This indicates that the bullish momentum continues to sustain the current upward trend. HBAR price was currently ranked the 19th-biggest cryptocurrency with a market capitalization of $8.42 billion. Detailed analysis of the price chart revealed that HBAR initially consolidated near $0.15. From here, the price moved in a strong uptrend, sustained by higher lows and rising volume. Hedera broke through the $0.19 level, climbing towards a local top higher than $0.21. Shortly after, HBAR experienced slight resistance close to $0.20. Despite minor reversals, the value managed to hold above its previous resistance, which acted as a key support. On the technical front, momentum remains good, and traders watch the level of resistance close to $0.25. This is a crucial level that could ignite an actual breakout. The 27% weekly gain also comes on the heels of current ecosystem developments. As we covered in our latest report, Hedera joined “Project Acacia”, sponsored by the Australian Central Bank. The project aims to explore how digital money could…
The post Hedera (HBAR) Gains 27% in a Week—Is $0.40 the Next Stop? appeared on BitcoinEthereumNews.com.
Hedera’s native token, HBAR, surged over 27% in just one week to $0.19 amid bullish technical indicators. HBAR could rally towards $0.4 if it breaks over key resistance levels. Hedera (HBAR) has experienced a remarkable price rally, gaining over 20% over the past 24 hours. The latest price surge comes despite the crypto market registering mixed momentum. Technicals Looking Good for Hedera According to our data, HBAR price was traded at $0.1986 with a daily and weekly growth of 6.5% and 27% respectively. Notably, HBAR boasts a 24-hour trading volume of $826 million. This metric increased by over 24%, indicating renewed interest from traders and investors. Investors are accumulating HBAR, possibly due to the regular gains and its ability to overcome key resistance levels. The price of HBAR remained stable over the last 24 hours. This indicates that the bullish momentum continues to sustain the current upward trend. HBAR price was currently ranked the 19th-biggest cryptocurrency with a market capitalization of $8.42 billion. Detailed analysis of the price chart revealed that HBAR initially consolidated near $0.15. From here, the price moved in a strong uptrend, sustained by higher lows and rising volume. Hedera broke through the $0.19 level, climbing towards a local top higher than $0.21. Shortly after, HBAR experienced slight resistance close to $0.20. Despite minor reversals, the value managed to hold above its previous resistance, which acted as a key support. On the technical front, momentum remains good, and traders watch the level of resistance close to $0.25. This is a crucial level that could ignite an actual breakout. The 27% weekly gain also comes on the heels of current ecosystem developments. As we covered in our latest report, Hedera joined “Project Acacia”, sponsored by the Australian Central Bank. The project aims to explore how digital money could…
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