HBAR’s Strong Technicals
Hedera’s recent price movement shows a clear V-shaped reversal, bringing it close to its 52-week high of $0.1567. This sharp recovery has been supported by consecutive bullish candles and a positive crossover between the 50-day and 100-day EMAs, both of which suggest strong upward momentum. The MACD histogram also points to an increasingly bullish market trend.
The Ichimoku Cloud chart for HBAR confirms a bullish trend, with the price breaking above the cloud. The green cloud ahead provides strong support, and the Tenkan-sen (conversion line) above the Kijun-sen (baseline) signals solid short-term momentum. Additionally, the Chikou Span (lagging line) reinforces this positive outlook, indicating that HBAR may continue rising.
analysts are targeting potential prices of $0.2249 and $0.355, a 145% increase from current levels. However, if the price pulls back, it could test $0.1180 or the 78.6% Fibonacci retracement. The Relative Strength Index (RSI) is currently in overbought territory, suggesting the bullish trend could continue, much like in 2021 when HBAR rose from $0.04 to $0.45.
If HBAR continues its upward momentum, it could break through its nearest resistance at $0.14, paving the way for a potential 54% increase to $0.182.