Will HBAR Hit $0.182 After 115% Rally?
The price of Hedera (HBAR) has surged, rising around 30% in the past 24 hours and over 115% in the past 7 days. This explosive growth is supported by strong technical indicators, with the ADX indicating a stronger trend and the Ichimoku Cloud confirming bullish momentum.
HBAR’s price action suggests that it may be gearing up for further gains, with resistance at $0.14 and $0.182. However, if the uptrend loses strength, the $0.098 and $0.068 support areas will play a key role in determining HBAR’s next direction.
HBAR is currently in a strong upward trend
HBAR’s ADX surged from around 17 to 42.47 in just one day, indicating that the current trend is rapidly strengthening. This sharp rise indicates HBAR Following the recent price spike, there is a shift from a weak or uncertain trend to a strong, clear uptrend.
Such high ADX values reflect significant momentum behind the price action, indicating that the current uptrend is likely to continue in the short term.
ADX, or the Average Directional Index, measures the strength of a trend on a scale from 0 to 100, but does not indicate the direction of the trend.
Values below 20 indicate a weaker trend, while values above 25 indicate a stronger trend. ivy ADX at 42.47 clearly indicates a strong uptrend, meaning buying momentum is accelerating.
Ichimoku Cloud Shows Bullish Pattern for Hedera
HBAR’s Ichimoku Cloud chart shows a sustainable uptrend with price well above the cloud (Kumo), confirming the start of a bullish trend. Green clouds ahead indicate solid support, enhancing the likelihood of continued upward momentum.
Current price action suggests HBAR Its strength remains above critical levels, with cloud computing providing a safety net against potential pullbacks.
The Tenkan-sen (conversion line) is above the Kijun-sen (baseline), which is another positive sign reflecting strong short-term momentum. The Chikou Span (lag line) is also above the price, further validating the strength of this trend.
These elements combined indicate Momentum for HBAR Strong strength and potential Prices keep rising If current trends hold.
HBAR Price Prediction: Another 53% Price Surge?
If the current upward trend continues, HBAR Price A test of the recent strong resistance at $0.14 is likely, which would be the highest price since March. A successful move above this level could pave the way for further gains, potentially reaching $0.182, which would represent a significant rise of 54% from current levels.
This bullish scenario is consistent with the strong momentum indicated by recent technical signals.
On the other hand, if the trend reverses, HBAR could face a pullback to the first support level at $0.098. If it fails to hold this level, the price may drop further to $0.068.
Disclaimer
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