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HBAR Surges 6% in 24 Hours, Bulls Charge Towards $0.32

Coin WorldWednesday, Mar 5, 2025 6:51 pm ET
1min read

Hedera (HBAR) has surged by more than 6% in the last 24 hours, bringing its market capitalization to $10.6 billion. With a nearly 30% increase in price over the past week, HBAR stands out as one of the top-performing altcoins among the largest in the market.

The strong rally has pushed key technical indicators into bullish territory. The BBTrend indicator has reached its highest level in over a month, currently at 18.15, maintaining a positive stance for over a day. Earlier today, it peaked at 21.3, marking its highest level since late January. While it has pulled back slightly from that peak, the indicator remains elevated, suggesting that the recent uptrend is still intact.

The Ichimoku Cloud structure also shows sustained upward momentum. Hedera is currently positioned in a bullish structure, with the price trending above the blue conversion line and the red baseline, indicating short-term bullish momentum. The green leading span A is sloping upward, while the orange leading span B remains relatively steady, forming an ascending cloud that suggests growing support. Additionally, the lagging span (green line) is above the price from 26 periods ago, reinforcing the strength of the ongoing trend.

If HBAR maintains this strength, it could soon test critical resistance levels. The Hedera EMA lines indicate a bullish trend, with a golden cross forming yesterday and the possibility of another one soon. A golden cross occurs when a shorter-term EMA crosses above a longer-term EMA, signaling strong upward momentum. If this setup continues, HBAR could test the next resistance at $0.28. A breakout above this level could open the path for a move toward $0.322.

In an extended rally, HBAR might even rise above $0.40 for the first time since November 2021, marking a significant recovery. However, if the uptrend fails to materialize, HBAR could face a retest of the $0.24 support level. Losing this support would indicate a weakening structure, potentially leading to a decline toward $0.213.

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joe_bidens_underwear
03/05
Ichimoku Cloud says keep buying the dips
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GoStockYourself
03/06
@joe_bidens_underwear What’s your target for HBAR?
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bobpasaelrato
03/05
Hedera's momentum is cool, but remember, altcoin market can flip fast. Stay nimble, fam.
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Excellent_Chest_5896
03/05
HBAR mooning soon or just a bubble? 🤔
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BlackBlood4567
03/05
HBAR's bullish run has me 🚀, but I'm hedging with $AAPL. Diversify or die trying, right?
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MyNi_Redux
03/06
@BlackBlood4567 How long you been holding HBAR? You think it'll hit $0.40 soon?
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JRshoe1997
03/05
Golden cross confirmed, HBAR to the moon! 💸
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shrinkshooter
03/05
BBTrend indicator is screaming "bullish," but don't ignore potential pullbacks. Strong hands know when to hold and when to fold.
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josemartinlopez
03/05
Gonna hold HBAR, expecting $0.32 soon
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getintocollegern
03/05
If HBAR hits $0.40, I'm taking profits. Anyone else riding this wave or already cashed out?
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Bitter_Face8790
03/05
Golden cross is bullish, but watch for that $0.28 resistance. Breakout could be juicy.
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howtospellsisyphus
03/05
HBAR's uptrend looks solid, but don't get too FOMO-ish. Always have an exit plan. 🚀
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Medical-Truth-3248
03/05
BBTrend indicator looking bullish, but careful!
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No_Price_1010
03/06
@Medical-Truth-3248 Watch out for false breaks, bro.
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