The cryptocurrency Hedera (HBAR) is experiencing a bullish trend, with a 60% increase crossing the 200-day exponential moving average (EMA). The altcoin has shown promising upside potential as its market cap exceeds $2.5 billion. There is speculation that the current bull run may reach the $0.10 psychological mark. The price action of HBAR has seen a V-shaped reversal from a low of $0.04159, with a significant surge of nearly 64%. Technical indicators such as moving averages and MACD suggest further strength and upward momentum for HBAR. A breakout above the $0.069 resistance level would be a critical point and could potentially lead to a challenge of the $0.10 mark. On the downside, key support levels are $0.064 and $0.056.



Other News from Today