Hedera (HBAR) Price Surges
HBAR remains above the Ichimoku Cloud, reflecting bullish sentiment, though consolidation suggests resistance near its recent peak.
Hedera price has recently been in a strong uptrend, reaching its highest levels since November 2021. That is clearly indicated by its movement above the Ichimoku Cloud. The coin surged sharply and reached a peak around $0.39, with the price remaining above the cloud, signaling bullish momentum.
However, as the price starts to consolidate and move closer to the upper boundary of the cloud, there are signs of weakening momentum. The slight pullback seen in the chart suggests that HBAR price may be facing resistance at this level.