The Hedera Hbar token is in full escape mode, because it jumped 17.11% in just 24 hours and 41.66% in last week. The Hbar price trend is fueled by strong technical configurations and fundamental catalysts. With a market capitalization of $ 11.92 billion and a trading volume soaked 126.07%, the token is now one of the best performers in the Altcoin space.
The sharp increase in prices is favored by hopes for approval of FNB to the point in the United States, the expanding Defil ecosystem of Hedera with a TVL of $ 215 million and business strategic integrations. If you are an Hbar holder, you must consult this preview of the short -term Hbar prices.
Hbar price analysis:
The daily graphic that I shared below clearly shows that Hbar broke out a long-term fall corner model. After being in a tight range for months between $ 0.10 and $ 0.22, the escape was confirmed by a high bullish candle supported by an increasing volume.
The price is now negotiated at $ 0.2816, approaching intra -day top of $ 0.2,976, with an eye on the key resistance to $ 0.37353. It should be noted that, if the momentum persists, the Hbar path to the level of $ 0.50 seems more and more realistic. That said, the key support is at $ 0.2376.
Speaking of techniques, the RSI, which is 85,17, is deeply in the exaggerated territory. On the other hand, the Bollinger bands widen, reflecting the increase in volatility. It is then that the price is negotiated well above the SMA and Bollinger online from 20 days to $ 0.1902, indicating a sustained bullish momentum.
Faq
The Hbar rally is fueled by the optimism of ETFs, strong growth in defi with $ 215 million on TVL and key partnerships of the company.
The next major resistance is $ 0.37353, followed by a psychological target at $ 0.50.
Although the trend is optimistic, RSI suggests excessive conditions. A removal of the range from $ 0.24 to $ 0.26 can offer better entry.
