Hedera ($HBAR ) is making headlines with a massive 19.02% surge in the last 24 hours, trading at $0.32249. This sharp rally positions HBAR as one of the top gainers in the market.
Technical Overview:
Short-Term Momentum: HBAR is trading above the 7-day moving average ($0.29772), confirming strong bullish momentum in the immediate term.
Long-Term Strength: It remains well above the 25-day and 99-day moving averages ($0.15054 and $0.09938, respectively), reinforcing a solid upward trend.
Volume Surge: The trading volume of 991.25 million HBAR indicates strong market participation, further validating the bullish sentiment.
Key Levels:
Resistance: HBAR’s 24-hour high of $0.32355 is the immediate resistance. A breakout above this level could push prices higher.
Support: The $0.28118 level serves as strong support, with buyers likely to step in if a pullback occurs.
Market Sentiment:
HBAR has seen a remarkable 107.52% rise over the last 30 days and an incredible 468.47% gain in 90 days, indicating sustained investor interest.
If the bullish momentum continues, HBAR could aim for higher highs. However, traders should watch for profit-taking at current levels, which may lead to short-term volatility.
The next few sessions will be critical in determining whether this rally has more fuel or if a correction is on the horizon. Stay tuned!
