HEDERA (HBAR) in this step, climb more than 8 % on Friday and its gains extend for seven days to 21.7 %. This assembly comes alongside the growing momentum signals, including the growing BBTREND and RSI that pushed to the peak purchase area.
The price is also close to a major resistance area, supported by the ups of EMA, which indicates that the upward trend may still have an operating room.
Hedra’s bbtrend rises – what does it mean?
The Hedra BBTREND index rose to 6.83, with a sharp increase of only 1.5 two days ago. This jump indicates a significant increase in fluctuations and momentum in price movement.
BBTREND, a shortening of Bollinger Band, is a bollygerer scale that measures the strength and direction of the trend. The values mentioned below usually reflect a weak or flat market, while the above values indicate a strong direction.
The sudden height of BBTRand often indicates that the original is transmitted from the low movement of navigation and the entry of a more directional step.
With BBTREND now at 6.83, HEDERA may be in the early stages of strong or declining bullish collapse. These high levels indicate that the fluctuation is expanding quickly, and the price began to move away from its last range.
Although BBTRand does not indicate the direction on its own, when it is combined with other bullish signals, such as high price or size, it can confirm the beginning of the continuous upward trend.
Traders will closely monitor to see if this momentum continues or fades, because the reflection of these high levels can also lead to sharp declines.
Hedra RSI enter the Shot area – what comes next?
RSI Hedra rapidly rose to 73.93, up from 52.49 two days ago, indicating a strong explosion of purchasing momentum. RSI is a momentum that measures the speed and size of price movements.
It ranges from 0 to 100, with values higher than 70 which are usually at the peak and those under 30 years.
An indicator indicates that RSI above 70 indicates that the original may be feverish in the short term and may be due to slowdown or monotheism.
With RSI now in the peak purchase area, HEDERA may approach a local top – at least temporarily. While high RSI emphasizes strong bullish momentum, it can also indicate that buyers have exhausted.
If the price continues to rise without a temporary stop, the risk of withdrawal increases.
On the other hand, excessive conditions can occur in their arrest during a strong rise, so that merchants closely monitor either the continuous collapse strength or signs of reflection.
HEDERA is approaching penetration – but support levels are the key
HEDERA EMA lines show a bullish alignment, where the short-term mobile averages are placed over the long term-a classic signal of upward momentum.
The HBAR price is also traded near the main resistance level at $ 0.20, which was a ceiling in the last sessions. If buyers can pay the price during this area, the following resistance levels that must be seen are $ 0.227 and $ 0.258.
It can send a continuation of the strong bullish direction HBAR to $ 0.287, which represents the first break of more than $ 0.28 since February 1.
However, merchants must monitor negative risks. If the support is tested at $ 0.179 and its failure, this may lead to a deeper decline.
In this case, HBAR might slip to $ 0.16 and possibly $ 0.152, both of whom were previous support areas.
If the landmark is accelerating, the decrease is about $ 0.124 is not only possible, making the current levels a decisive battlefield for the short -term direction.
Disintegration
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