Hedera (HBAR) has experienced a significant surge in value, increasing its market cap to $10.6 billion. The altcoin has seen a price increase of nearly 30% in the past week and has become one of the top-performing altcoins in the market. Technical indicators such as BBTrend and the Ichimoku Cloud suggest a bullish trend, with the potential for HBAR to reach above $0.35 in March. However, the slight pullback from its peak suggests some moderation in buying pressure, and the future trend will depend on market follow-through and broader sentiment shifts. The EMA lines also indicate a bullish trend, with the possibility of a golden cross forming soon. If the bullish momentum continues, HBAR could test resistance levels at $0.28 and $0.322, and in an extended rally, it could potentially rise above $0.40 for the first time since November 2021. On the other hand, failing to maintain the uptrend could lead to a retest of the $0.24 support level and potentially a decline towards $0.213 and $0.177.



Other News from Today