Hedera (HBAR) Surges 6% as Trading Volume Jumps 19%

Hedera (HBAR) has experienced a significant surge, rising over 6% in the last 24 hours as it attempts to reclaim a market capitalization of $8 billion. This upward movement is accompanied by a 19% increase in trading volume, reaching nearly $176 million, indicating renewed interest in the cryptocurrency.

Despite this positive momentum, key indicators present a mixed picture. The BBTrend indicator remains bearish, currently at -1.56, having been in negative territory since May 1. This suggests that downward momentum has dominated the market, although there are signs that short-term selling pressure may be easing. The BBTrend indicator measures price positioning relative to Bollinger Bands to determine the strength and direction of a trend. Values above +1 suggest strong bullish momentum, while readings below -1 indicate strong bearish conditions. A neutral range between -1 and +1 often reflects consolidation or weak trend conviction. With HBAR’s BBTrend at -1.56, it remains in bearish territory, though the slight uptick from yesterday’s extreme suggests that the selloff may be losing steam. If the BBTrend continues to rise and crosses above -1, it could signal a shift toward price recovery or at least a pause in the downtrend.

In contrast, the Relative Strength Index (RSI) for Hedera has surged to 66.2, up sharply from 31.41 just two days ago. This rapid rise reflects a strong shift in momentum, taking HBAR from oversold conditions into a zone that signals growing bullish pressure. Such a move often indicates that buyers are stepping in aggressively, reversing recent weakness and potentially setting the stage for a short-term breakout if the trend continues. The RSI is a common momentum indicator that ranges from 0 to 100. Readings below 30 suggest oversold conditions and a potential rebound. Values above 70 indicate the asset may be overbought and due for a pullback. Readings between 50 and 70 show growing strength in an uptrend. HBAR’s RSI is now at 66.2—close to overbought, but not there yet. This signals more upside potential if momentum continues. However, traders should watch for any signs of exhaustion if RSI crosses 70 in the coming sessions.

Additionally, Hedera's Exponential Moving Average (EMA) lines are tightening, and a golden cross could be on the horizon as short-term moving averages approach a crossover above long-term ones. This setup is typically seen as bullish, suggesting that upward momentum may soon strengthen. If the golden cross confirms and Hedera's price breaks above the $0.191 and $0.199 resistance levels, the next targets could be $0.215 and $0.258. A rally to those levels would represent a potential 38% upside from current prices. However, if HBAR fails to break through the $0.19 resistance zone, it could face a pullback. A drop to support at $0.175 would be the first test, with deeper declines possible toward $0.160 and $0.153 if selling pressure intensifies. HBAR could fall as low as $0.124 in a strong downtrend, marking a possible 33% correction.