With momentum building, Hedera (HBAR) targets a market cap of $12 billion

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In the past 30 days, HBAR has surged an astonishing 121%, thanks to strong bullish momentum and recent key technical patterns like the golden cross. Indicators such as ADX and Ichimoku Cloud suggest that the upward trend is strengthening, with buyers maintaining control and further upside potential.

The Average Directional Index (ADX) for HBAR is currently at 29.35, a significant increase from 15 two days ago. This substantial rise reflects the strengthening of trend momentum, confirming that the current upward trend is gaining traction.

The rise in ADX indicates that the recent bullish trend in HBAR's price is supported by a robust trend. This suggests that buyers are firmly in control of the market.

ADX is a widely used trend strength indicator that measures the intensity of a trend without specifying its direction, ranging from 0 to 100. Values below 20 indicate a weak or non-existent trend, while values above 25 indicate a strong trend.

HBAR's ADX of 29.35 indicates that the token's sustained upward trend is strong, suggesting potential for continued increases in the short term.

Hedera's Ichimoku Cloud chart shows that the bullish trend is strengthening. The price has broken above the cloud (green and red shaded area), indicating good momentum.

The blue conversion line (Tenkan-sen) remains above the red baseline (Kijun-sen), further confirming bullish sentiment. This alignment suggests that buyers are currently in control, and if the price stays above the cloud, the upward trend may continue.

Furthermore, the lagging span (green line) is above the price and the cloud, reinforcing the bullish outlook. The future cloud (green) also projects upward momentum, with the leading span A (green boundary) above span B (red boundary), indicating that Hedera's bullish trend may persist.

These Ichimoku signals highlight a strong trend, and unless a significant reversal occurs, HBAR's price is likely to continue rising in the short term.

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