HEDERA has increased by more than 6 % in the past 24 hours, raising the market ceiling to $ 10.6 billion. As it increased by approximately 30 % over the past week, HBAR stands out as one of the best performance among the largest in the market.
This powerful gathering has pushed the main technical indicators to the upward lands, where BBTREND has reached its highest levels in more than a month and the Ichimoku cloud structure shows a continuous uprising momentum. If HBAR maintains this force, he may soon test critical resistance levels, with the possibility of exceeding $ 0.35 in March.
Hedra Bbtrend at the highest level in more than a month
Hedra Bbtrend is currently at 18.15, maintaining a positive position for more than a day. Earlier in the day, it reached 21.3, which represents its highest level since late January.
Although it retracted a little from that peak, the indicator remains high, indicating that the last upward trend is still intact.
This continuous positivity in BBTRand indicates a strong directional momentum in HBAR price movement, in line with the wider market trends.
BBTREND, or Bollinger Band Trend, is an artistic indicator that measures the strength of the trend based on the relationship between prices and Bollinger ribbons. When BBTRand is positive, it indicates that the price is traded at the top of the Bollinger ranges, which often indicates a continuous upward trend.
In the case of HBAR, the current level of 18.15 remains – while it is less than its previous 21.3 peak – reflects a strong strong bias. If this trend remains high, it may indicate a continuous bullish momentum for HBAR, but the slight decline from 21.3 indicates some moderation in purchasing pressure.
Whether this leads to uniformity or further trend, it will depend on the transitions of the continuation of the market and the follow -up of the broader.
HBAR Ichimoku Cloud offers a bullish preparation
According to the Ichimoku cloud, HEDERA is currently placed in a bullish structure. The price is directed above the blue conversion line and the red foundation line, indicating the bullish momentum in the short term.
The leading green period extends to the top, while the leading orange B period remains relatively fixed, which constitutes an upward cloud that suggests increasing support. In addition, the delay period (green line) is higher than the price 26 periods, which enhances the strength of the continuous direction.
However, the price is unified slightly higher than the red foundation line, indicating a possible decision point between continuing or retracting in the short term.
Ichimoku cloud provides a multi -directional width of direction and major support resistance areas. When the price is higher than the cloud, it indicates a dominant bullish trend, while the movement below indicates a shift in feelings.
The current position above both the blue transformation line and the red foundation line indicate that the bullish momentum is sound. If the price maintains this structure, it may be expected that there will be more bullish direction, especially with the continued height.
However, the decline below the red foundation line indicates poor momentum, which may lead to a cloud support area. The thickness of the cloud indicates forward to a moderate support area, which means that any decrease will face resistance before converting the total direction.
HEDERA (HBAR) can exceed $ 0.35 in March
Hedra EMA lines indicate a bullish direction, with a golden cross yesterday and the possibility of another one soon. The golden cross occurs when EMA crosses the shortest time above EMA in the long run, indicating a strong escalating momentum.
If this setting continues, HBAR can test the following resistance at $ 0.28. The collapse above this level can open to move about $ 0.322.
If the purchase of pressure is intensified and the HEDERA price restores the strong bullish trend seen in the previous months, this may lead to a test more than $ 0.35 and $ 0.37. In an extended march, HBAR may rise above $ 0.40 for the first time since November 2021, which represents a great recovery.
On the other hand, if the bullish trend fails to achieve it, HBAR may face a re -test of the support level of $ 0.24.
Loss of this support may indicate a weakening of a structure, which may lead to a decrease of about $ 0.213.
If the landfill condenses and purchasing interest is no longer, Hedra may drop to $ 0.177, and test deeper support areas.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
