CandleFocus

Hedera (HBAR) Price Climbs to 7-Month High: What’s Next

Author: Content Editor
The price of Hedera (HBAR) has experienced significant growth, increasing by around 30% in the last 24 hours and over 115% in the past seven days. Technical indicators such as the ADX and the Ichimoku Cloud chart suggest that HBAR's price may continue to rise. Resistance levels at $0.14 and $0.182 are potential targets for further gains. Support zones at $0.098 and $0.068 will play a crucial role if the uptrend weakens. The ADX indicates a strong uptrend, while the Ichimoku Cloud chart confirms a sustainable bullish trend. HBAR's momentum is strong, and if the current trend holds, the price could potentially reach its highest level since March. However, if the trend reverses, there could be a pullback towards support levels at $0.098 and $0.068.

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