{"id":72110,"date":"2024-02-23T04:54:45","date_gmt":"2024-02-23T08:54:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72110"},"modified":"2024-02-26T12:28:48","modified_gmt":"2024-02-26T16:28:48","slug":"hbar-surges-by-32-in-a-week-how-high-can-it-go","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hbar-surges-by-32-in-a-week-how-high-can-it-go\/","title":{"rendered":"HBAR Surges by 32% in a Week: How High Can It Go?"},"content":{"rendered":"\n

HBAR, the native token of Hedera, has soared by 32% in a week and 9% in a day, breaking above the $0.11 resistance level. Technical indicators suggest that the bullish trend will continue, with targets of $0.30 and $1 in sight.<\/p>\n\n\n\n

\"HBAR<\/figure>\n\n\n\n

HBAR, the native cryptocurrency of the enterprise-grade blockchain network Hedera, has witnessed a strong surge of 32% over the past week. In the last 24 hours, the Hedera (HBAR) price is up by another 9%, moving past $0.11, with trading volumes shooting 26% above $300 million.<\/p>\n\n\n\n

HBAR\u2019s impressive performance comes amid a bullish sentiment in the crypto market, as Bitcoin and other major altcoins also rally to new highs. HBAR has outperformed many of its peers, such as Ethereum, Cardano, and Solana, in terms of weekly gains.<\/p>\n\n\n\n

One of the key drivers of HBAR\u2019s price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> action is the massive increase in trading volume, indicating a high demand and interest from investors. According to the crypto analyst Crypto Troll, the trading volumes for HBAR have surged by a staggering 1000% in the last three days, reaching levels not seen since September 2019.<\/p>\n\n\n\n

HBAR\u2019s Bullish Technical Indicators and Price Targets<\/h3>\n\n\n\n

Crypto Troll also highlighted various technical indicators signaling bullish momentum for HBAR. <\/p>\n\n\n\n

In his tweet, <\/use><\/svg><\/span><\/a>he expressed confidence, saying, <\/p>\n\n\n\n

\n

\u201cI believe there\u2019s a high probability that $HBAR will surge to $0.30 within the next 2-3 weeks. Indicators such as MACD, Stoch RSI, RSI, Williams %R, and Awesome Oscillator are all indicating an upward trajectory.\u201d<\/p>\n<\/blockquote>\n\n\n\n

HBAR\u2019s MACD has turned positive and is rising, suggesting that the momentum is in favor of the bulls. The token's Stoch RSI is also in the upper range but not yet in the overbought territory, indicating that there is still room for further upside.<\/p>\n\n\n\n

A high RSI indicates that the price is overbought and may reverse, while a low RSI indicates that the price is oversold and may bounce. HBAR\u2019s RSI is above 70, which is usually considered as the overbought threshold, but it has not yet shown signs of divergence or reversal, indicating that the bullish pressure is still strong.<\/p>\n\n\n\n

A high Williams %R also indicates that the price is near the high end of the range, while a low Williams %R indicates that the price is near the low end of the range. HBAR\u2019s Williams %R is above -20,<\/strong> which is usually considered as the overbought threshold, but it has not yet crossed below it, indicating that the buyers are still in control.<\/p>\n\n\n\n

HBAR\u2019s Awesome Oscillator is positive and rising, indicating that the bullish momentum is accelerating.<\/p>\n\n\n\n

Based on these technical indicators, Crypto Troll believes that HBAR has a high probability of reaching $0.30 in the next 2-3 weeks, which would represent a 173% increase from the current price. <\/p>\n\n\n\n

He is not alone in his bullish prediction, as other analysts are also optimistic about HBAR\u2019s potential. Some even believe that HBAR will surpass its previous all-time high of $0.45 and reach $1 by the end of the year.<\/p>\n\n\n\n

\"\"
Source: Crypto Troll<\/figcaption><\/figure>\n\n\n\n

HBAR\u2019s Fundamental Factors and Long-Term Potential<\/h3>\n\n\n\n

HBAR is the token of Hedera, a blockchain network that offers a fast, secure, and scalable platform for decentralized applications (dApps) in various domains. <\/p>\n\n\n\n

HBAR holders can benefit from staking, governing, and using their tokens on the network and its dApps. Hedera is also governed by a council of 39 reputable organizations that ensure its strategic direction and technical standards. <\/p>\n\n\n\n

Moreover, Hedera is committed to environmental sustainability, as it uses a low-energy consensus mechanism. HBAR\u2019s long-term potential is supported by its anticipated strategic partnerships that will enhance its ecosystem and utility. <\/p>\n\n\n\n

HBAR stands out from other networks with its speed, security, and scalability.<\/p>\n","protected":false},"excerpt":{"rendered":"

HBAR, the native token of Hedera, has soared by 32% in a week and 9% in a day, breaking above the $0.11 resistance level. Technical indicators suggest that the bullish trend will continue, with targets of $0.30 and $1 in sight. HBAR, the native cryptocurrency of the enterprise-grade blockchain network Hedera, has witnessed a strong […]<\/p>\n","protected":false},"author":44,"featured_media":72112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[7713,9541,18531,15013],"class_list":["post-72110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-altcoin","tag-bull","tag-hbar-2","tag-hedera-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/Hedera-price.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72110"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72112"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}