Hedera (HBAR) Price Achieves Major Milestone in Historic 700% Rally
Hedera (HBAR) price has surged to its highest levels since 2021, skyrocketing 721% over the past 30 days and reaching a $13.44B market cap.
Hedera (HBAR) price has surged to its highest levels since 2021, showcasing remarkable momentum in the cryptocurrency market. The coin has skyrocketed 721% over the past 30 days, outperforming most major cryptos in terms of gains.
With a market cap now reaching $13.44 billion, HBAR has surpassed notable projects like SUI, Uniswap, and Litecoin. Technical indicators across multiple timeframes suggest strong bullish momentum, though some metrics hint at potential consolidation ahead.
HBAR Current Uptrend Is Still Strong
HBAR Directional Movement Index (DMI) shows a very strong trend with an Average Directional Index (ADX) reading of 72.
ADX measures trend strength regardless of direction, with values above 25 indicating a strong trend and readings above 50 suggesting an exceptionally strong trend. At 72, HBAR ADX indicates an extremely powerful trend momentum in the market.
HBAR DMI. Source:
TradingView
The Positive Directional Indicator (D+) at 42.6, despite dropping from 55, coupled with a very low Negative Directional Indicator (D-) of 1.2, confirms strong bullish momentum for HBAR price.
The large spread between D+ and D- supports the continuation of the uptrend, though the declining D+ value suggests some weakening in buying pressure. However, as long as D+ remains significantly above D-, the bullish trend structure remains intact.
Ichimoku Cloud Shows Hedera Price Could Be Overextended
The Ichimoku Cloud chart for Hedera shows strong bullish momentum, with price trading well above both the base line (kijun-sen) and conversion line (tenkan-sen).
The wide separation between these lines indicates accelerating upward momentum, though prices may be stretching too far above the baseline.
HBAR Ichimoku Cloud. Source:
TradingView
The cloud (kumo) structure is bullish with future cloud formation trending upward, suggesting continued upward support.
However, the significant distance between the current Hedera price and the cloud suggests the price may be overextended in the short term, potentially setting up a retest of the baseline or cloud top as support levels during any consolidation phase.
HBAR Price Prediction: Can It Retreace to $0.27?
Hedera price action shows exceptional bullish momentum, rising 721% in 30 days to reach levels unseen since 2021. The EMAs are in perfect bullish alignment, with shorter timeframes leading above longer ones, suggesting continued upward momentum.
A break above the $0.39 resistance level could trigger further advances toward psychological levels at $0.45 and $0.50, representing a potential upside of 42%.
HBAR Price Analysis. Source:
TradingView
However, the extended rally has pushed price significantly above key EMAs and the Ichimoku Cloud, indicating possible overextension for HBAR price.
Support levels at $0.27 and $0.19 could provide bouncing points during any corrective moves, with $0.12 serving as critical support if selling pressure intensifies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Musk Face "Reckoning" After the Election? Deutsche Bank: The Tighter the Hashpower, the More Profitable SpaceX; Political Risks Are Overestimated
Deutsche Bank believes that SpaceX's political risks are overestimated by the market—its core contracts are signed by federal executive agencies, congressional intervention is extremely limited, and there are no substitute suppliers in most business areas. The most immediate risk comes from the Texas governor-elect's tough stance on data centers, but tightening compute power supply might actually enhance SpaceX's pricing power and revenues.
U.S. Retirement Funds Could Unlock Billions for Crypto: Are You Willing to Risk These 4 Coins?
Watch Out: Major Token Unlocks Are Coming for 15 Altcoins This Week—Here’s the Day-by-Day, Hour-by-Hour Schedule
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.
Crypto prices
More
