Hedera (HBAR) has grown by more than 6% over the past 24 hours, delivering its market capitalization to $ 10.6 billion. Over the past week, its price has grown by almost 30%, HBAR stands out as one of the most successful altcoins among the largest in the market.
This strong rally pushed key technical indicators into bull territory when BBTrend reached its highest level in the month, and the cloudy structure of Ichimoku demonstrates a steady impulse upward. If HBAR retains this force, it can soon check the critical levels of resistance, with the potential to surpass $ 0.35 in March.
Hedera Bbtrend is at the highest levels for more than a month
Hedera Bbtrend is currently at 18.15, maintaining a positive position for more than a day. Earlier today, he reached the peak 21.3, marking the highest level since the end of January.
Despite the fact that he departed a little from this peak, the indicator remains increased, assuming that the recent upward trend is still not damaged.
This retention of positiveness in the BBTrend indicates a strong directed impulse in the price action of HBAR, agreeing with wider market trends.
BBTREND, or BOLLINGER BAND TREND, is a technical indicator that measures the strength of the trend based on the relationship between the prices and stripes of Bollinger. When the BBTREND is positive, this suggests that the price is traded in the upper part of the lanes of the Bolinger, often signaling a constant bull tendency.
In the case of HBAR, the current level is 18.15, although lower than its earlier peak 21.3, still reflects a strong off -up. If this trend remains increased, it may indicate a continuation of a bull impulse for HBAR, but a small rollback of 21.3 suggests some moderation when buying pressure.
Whether this leads to consolidation or further growth, will depend on the market subsequent and wider moods.
HBAR ICHIMOKU CLOUD shows bull setting
According to Ichimok, the cloud, Heder is currently located in the bull structure. The price in the trend is above the blue conversion line and the red base line, which indicates a short -term bull impulse.
The green host of A leans up, while the span B Orange Leader remains relatively stable, forming an ascending cloud, which involves growing support. In addition, the delay (green line) is higher than the price from 26 periods ago, enhancing the force of continuous trend.
Nevertheless, the price is consolidated just above the red base line, signaling the potential point of the solution between the continuation or short -term refusal.
The ICHIMOKU cloud provides a multifaceted type of trend and keys support areas. When the price exceeds the cloud, it signals the dominant bull tendency, while the movement below will indicate a shift in the mood.
The current positioning is higher than the blue transformation line and the red base line suggests that the bull impulse is untouched. If the price retains this structure, you can expect further growth, especially due to the fact that the green host of Span continues to grow.
Nevertheless, the drop below the red base line will indicate a weakening of the pulse, which can lead to checking the cloud support area. The thickness of the upcoming cloud involves a moderate zone of support, which means that any rollback will resist the resistance before moving the overall trend.
Heder (HBAR) can surpass $ 0.35 in March
The Hedera EMA lines indicate a bull trend with yesterday’s gold cross, and in the near future another. The golden cross occurs when a shorter EMA crosses a longer EMA, signaling a strong pulse up.
If this setting continues, HBAR can check the next resistance of $ 0.28. A breakthrough above this level can open the way for movement to 0.322 dollars.
If the purchase of pressure reinforces, and the price of Heder restores a strong ascending trend observed in the previous months, it can push 0.35 US dollars and $ 0.37 to the testing. At an expanded rally, HBAR can even grow above $ 0.40 for the first time since November 2021, which marked a significant recovery.
On the other hand, if the upward trend does not materialize, HBAR may encounter re -testing levels of support in the amount of $ 0.24.
The loss of this support will indicate a weakening of the structure, which can lead to a decrease to 0.213 US dollars.
If a bearish impulse reinforces, and the percentage of purchase does not return, Heder can fall further to $ 0.177, checking the deeper support zones.
