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Hedera (HBAR) has seen impressive growth over the past month, rising 130% to $0.30. Enterprise-grade blockchain and partnerships with giants like Google and IBM increase market trust. As momentum builds, HBAR is looking for a potential rally towards recent highs of $0.39.
HBAR Key Statistics
- current price: $0.30
- market capitalization: $11.6 billion
- Trading volume (24 hours): 1.51 billion dollars
- circulating supply: 38.2 billion HBAR
- total supply: 50 billion HBAR
- CoinMarketCap Ranking: #18
HBAR showed steady growth, rising 2.93% over the past 7 days. It soared a whopping 130% last month alone, highlighting its strong momentum. This performance reflects the increased market interest and potential bullish sentiment surrounding the token.
HBAR/USD Market
main level
- resistance: $0.35, $0.39, $0.45
- Apply: $0.27, $0.19, $0.06
Analyzing the HBARUSD daily chart, Hedera has been on a notable upward trend in recent months, consolidating near $0.30. The first resistance level to watch if the bullish momentum continues is $0.35, which coincides with the top of the Keltner channel. A break above this point could open the door to recent highs at $0.39, followed by extended resistance at $0.45, which could continue the upward trajectory. However, failure to breach the $0.35 mark could result in a stall and short-term reversal.
The downside is that there is immediate support at $0.27, with the intermediate Keltner channel acting as a dynamic baseline. If selling pressure intensifies, HBARUSD could test the $0.19 level, psychological support that coincides with the lower band of the Keltner Channel. A breach below this area could expose the asset to further downside risk up to $0.06, reflecting the previous accumulation area. Traders should closely monitor RSI divergence. While the indicator remains above 60, a bearish divergence signal could suggest that bullish momentum is waning.
Can HBAR hit $0.39 highs again?
Hedera (HBAR) is looking for a possible rally back to recent highs of $0.39 as market sentiment surrounding the project improves. Hedera’s enterprise-grade blockchain continues to gain attention for its high-speed transaction capabilities and low energy usage. HBAR has carved out a unique niche in the cryptocurrency space through partnerships across industries such as supply chain management and decentralized finance (DeFi). Technical indicators suggest that momentum is growing, with prices currently consolidating near important support levels.
Hedera (HBAR): More Technical Insights
At a fundamental level, Hedera’s board of directors, which includes major companies such as Google, IBM, and LG, strengthens investor confidence. It has also established itself as a sustainable blockchain solution through its adoption of tokenization projects and platforms for carbon offsetting. With market conditions showing signs of recovery, could HBAR’s fundamentals and technical momentum adjust to return above $0.39?
HBAR/BTC Performance Insights
The HBARBTC daily chart shows a strong upward trend after a long period of consolidation, with the price currently trading near 0.00000287. The price surged sharply in November, hitting a high of 0.00000409 after a sharp break through the midline of the Keltner Channel (KC). The Keltner channel bands continue to expand, indicating volatility and bullish momentum. RSI divergences identified particularly bullish signals in September and October that coincided with price reversals. The RSI currently stands at 58.24, indicating a moderate bullish bias but suggesting a potential cooldown as momentum stabilizes. Key support lies near 0.00000267, while resistance remains at 0.00000339 and recent highs at 0.00000409.
At X, popular investor Shawn shared that NVIDIA and Intel have partnered with $HBAR’s EQTY Lab to enable verifiable computing for advanced AI systems. Running on servers from Dell, a member of the Hedera Steering Committee, the system allows companies to explore new applications of Meta’s LLAMA model. Shawn implied that this partnership positions HBAR as a strong competitor to $RNDR in the cryptocurrency and GPU computing space, marking a significant step forward for HBAR’s potential in AI-driven blockchain innovation.
🚨Breaking News: NVIDIA and Intel have formed a partnership. $HBAR EQTY Lab enables verifiable computing for advanced AI systems
The system runs on servers from Dell, a member of the Hedera Management Committee, and allows enterprises to leverage the Meta LLAMA model in new ways.
$RNDR I just discovered it for the first time… pic.twitter.com/RBfJwqp1FP— Sean (@oroogle) December 18, 2024
Alternatives to HBAR
Hedera Network, known for its innovative technology and strategic partnerships, has solidified its position as a top 20 cryptocurrency with its token, HBAR. As the cryptocurrency landscape continues to evolve, emerging projects such as Wall Street Pepe ($WEPE) are gaining significant attention. Despite market volatility, $WEPE successfully raised $31.4 million in the pre-sale phase, demonstrating strong investor confidence at a price point of $0.0003649.
Wall Street Pepe differentiates itself by creatively leveraging the iconic Pepe the Frog meme to build a utility-focused ecosystem tailored to the needs of everyday cryptocurrency investors. Key features of this ecosystem include an exclusive private community for sharing insights and strategies, advanced trading tools, real-time market signals and actionable advice. This comprehensive set of tools helps small investors navigate the complexities of the cryptocurrency market.
Wall Street Pepe Becomes The Best-Selling ICO Meme Coin In History
The project’s growing momentum is evident in the growing online presence of “WEPE Army” on Twitter. Additionally, over 4.7 billion $WEPE tokens are staked, offering an attractive annual return of 167%. As development progresses, Wall Street Pepe is poised to carve a niche in the market by combining a trader-centric ecosystem with a unique brand identity.
Visit Wall Street Pepe.
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