HBAR Price Rises 5% as Volume Exceeds $2 Billion
Hedera (HBAR) has surged more than 5% in the past 24 hours and 37% in the last week, with trading volume exceeding $2 billion in the past day. The rally was driven by bullish technical indicators, including a rising ADX, a positive Ichimoku cloud signal, and a favorable EMA alignment.
HBAR is currently approaching key resistance at $0.40. A break above this level would mark the highest price since November 2021. However, traders should keep an eye on the $0.33 support level, which could become crucial if a reversal occurs.
Hedera DMI confirms uptrend remains strong
DMI (Directional Movement Index) Chart ivy Showing a sharp rise in the ADX (Average Directional Index), it currently stands at 45.8, compared to 17 two days ago when the current uptrend began.
ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and values above 40 indicating a stronger trend. The recent spike in ADX confirms that HBAR is experiencing strong and sustained upward momentum.
The +DI (Positive Direction Index) edged down to 28.6 from 35.6 a day ago, while the -DI (Negative Direction Index) edged up to 7.11 from 6.11. This suggests that while buying pressure has weakened slightly, it is still far greater than selling pressure, reflecting continued bullish sentiment.
The widening gap between ADX and the Directional Index indicates that the uptrend remains strong. If buying pressure stabilizes or intensifies, ivy price Further gains are likely in the short term. However, traders should keep an eye on the small decline in +DI for signs of waning momentum.
HBAR Ichimoku Cloud Suggests Bullish Pattern Forming
Ichimoku Cloud Atlas HBAR Showing a clear bullish trend. The price is well above the cloud line, which is considered a strong bullish signal.
Tenkan-sen (blue line) is above Kijun-sen (red line), further confirming the upward momentum. The lag span (green line) is also higher than the price, validating the strength of the current trend.
The dark clouds ahead are green and expanding, suggesting that the near-term bullish momentum will continue. if HBAR Price If it holds above Tenkan-sen and Kijun-sen, it could target higher resistance.
However, if the price pulls back, Kijun-sen and Genting could act as strong support levels. A break below these levels could signal weakening momentum, but bullish signals currently dominate.
HBAR Price Prediction: Highest Levels Since 2021?
HBAR’s EMA line remains unchanged Very optimisticthe short-term EMA is above the long-term EMA and maintains a healthy distance between them. This arrangement reflects strong upward momentum and suggests that the current uptrend is likely to continue. If buying pressure persists, HBAR may test resistance at $0.40.
A breakout of this level would mark the highest level HBAR Price From November 2021.
On the downside, support at $0.33 will be a key level to watch if momentum reverses. A break below this support could lead to a pullback to $0.29 and possibly further declines ivy price In the event of a strong downward trend, a drop to $0.26 is possible.
Disclaimer
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