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Hedera (HBAR) price has increased 11% in the past 24 hours, with market capitalization reaching $13 billion again and trading volume increasing 78% to $745 million. Technical indicators suggest HBAR may be entering an uptrend phase, as ADX rose to 13.97, signaling improving momentum.
The Ichimoku Cloud chart supports this positive outlook, with the breakout above the cloud and the Tenkan-sen and Kijun-sen lines trending up. If HBAR breaks above resistance at $0.374, it could rally sharply to $0.40, although a reversal could test key support levels at $0.31 and $0.296.
HBAR ADX Indicates Current Trend Lacks Strength
Hedera’s ADX (Average Directional Index) currently stands at 13.97, up from 12.7 yesterday, signaling a potential transition from a downtrend to an emerging uptrend.
ADX is a technical indicator that measures the strength of a trend, regardless of direction. Values below 20 indicate a weak or non-existent trend, while values above 25 indicate a strong trend. Rising values confirm the growing strength of the trend.
At 13.97, HBAR’s ADX is still below the 20 threshold, showing that the uptrend is in its early stages and lacks significant strength.
However, the rise from yesterday’s low shows that momentum is starting to build. If ADX continues to rise, it could confirm a stronger uptrend, pushing HBAR price further up.
Hedera’s Ichimoku Cloud Chart Shows Bullish Setup
The Ichimoku Cloud chart for HBAR shows a bullish breakout above the cloud, indicating the price has moved into more favorable territory.
The blue cloud ahead (Senkou Span A above Senkou Span B) hints at potential support in case of a correction, while the Tenkan-sen (blue line) and Kijun-sen (red line) trend increased, signaling short-term momentum consistent with broader bullish sentiment.
With HBAR price breaking above the cloud and both leading indicators showing bullish compatibility, Hedera looks set to continue its uptrend.
However, if the price reverses and falls back into the clouds, it could indicate consolidation or weakening of momentum. The underlying green cloud could act as a support, keeping the broader bullish structure alive.
HBAR Price Prediction: Potential Increase of 14%
The next key resistance for HBAR is near the $0.374 level, with the EMAs suggesting that a golden cross could form soon. If this bullish crossover is confirmed, it could trigger a strong rally, possibly overcoming the $0.374 resistance and pushing Hedera price to $0.40.
This move would represent a 14.2% increase, signaling fresh strength in the current uptrend.
Conversely, if the current trend reverses, immediate support at $0.31 could come into play. A break below this level could lead to further decline, with support next at $0.296 and a drop to $0.25 possible if that fails to act as support.
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