CandleFocus Hedera (HBAR) Price Aims for $12 Billion Market Cap as Momentum Builds
2024-12-25
Author: Content Editor
The price of Hedera (HBAR) has been surging, reaching its highest levels in three years and attempting to reclaim its $12 billion market cap. The rise in HBAR has been driven by bullish momentum and technical patterns such as the golden cross. Indicators like the ADX and Ichimoku Cloud suggest a strengthening uptrend, with buyers maintaining control and the potential for further gains. The ADX has seen a significant increase, indicating that the current bullish action is supported by a solid trend. The Ichimoku Cloud chart also supports the bullish trend, with positive momentum indicated by breaking above the cloud. HBAR recently formed a golden cross, signaling a potential bullish trend reversal. If resistance at $0.33 is broken, HBAR may continue its upward trajectory, but there is a possibility of a pullback to the support level at $0.27.
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