The price of Hedera (HBAR) has exploded, increasing about 30% in the past 24 hours and more than 115% in the past seven days. This strong growth is backed by solid technical indicators, with ADX signaling a strengthening trend and the Ichimoku Cloud chart confirming bullish momentum.
HBAR’s price action suggests it may be preparing for further upside, with resistance levels at $0.14 and $0.182 in sight. However, if the uptrend weakens, the support zones at 0.098 USD and 0.068 USD will play an important role in determining the next direction of HBAR.
HBAR’s Current Uptrend Is Strong
HBAR’s ADX index jumped to 42.47 from around 17 in just one day, signaling a rapid acceleration of the prevailing trend. This sharp increase shows that HBAR is shifting from a weak or uncertain trend to a strong and clear uptrend after the recent price increase.
Such a high ADX index reflects the strong momentum behind the price movement, suggesting that the current uptrend is likely to continue for the foreseeable future.
ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100 without indicating the direction of the trend.
Values below 20 indicate a weak trend, while values above 25 indicate a strong trend. Hedera ADX at 42.47 clearly signals a strong uptrend, implying that buying momentum is increasing.
Ichimoku Cloud Chart Shows Bullish Structure For Hedera
HBAR’s Ichimoku Cloud chart shows a sustained uptrend, with price rising well beyond the cloud (Kumo), confirming the start of an uptrend. Blue clouds ahead suggest solid support, strengthening the ability to maintain upward momentum.
Current price action shows that HBAR is holding firmly above key levels, with clouds providing a safe shield from potential price declines.
Tenkan-sen (conversion line) is above Kijun-sen (baseline), which is another positive signal reflecting strong short-term momentum. The Chikou Span (lagging line) is also clearly above the price, further reinforcing this trend.
These factors together suggest that HBAR’s momentum is strong and could continue to increase in price if the current trend maintains.
HBAR Price Prediction: New 53% Increase?
If the current uptrend continues, HBAR price could challenge the nearest strong resistance at 0.14 USD, which would be the highest price since March. If this level is successfully surpassed, HBAR is likely to have could reach 0.182 USD, equivalent to an increase of 54% compared to the current level.
This bullish scenario is consistent with the strong momentum indicated by recent technical signals.
Conversely, if the trend reverses, HBAR could face a decline to the first support zone at 0.098 USD. If this level does not hold, the price could fall to $0.068.
