Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Top Reasons Why Hedera (HBAR) Price is Rising: Has the Bull Run to $1 Begun?

Share This Post

Top Reasons Why Hedera (HBAR) Price is Rising: Has the Bull Run to $1 Begun?

The post Top Reasons Why Hedera (HBAR) Price is Rising: Has the Bull Run to $1 Begun? appeared first on Coinpedia Fintech News

Hedera (HBAR) price stands out as the top gainer with over 23% rise in the past 24 hours, marking the levels not visited since December 2021. Breaking the 36-month consolidation has flashed massive bullish signals for the token, which is now believed to achieve a fresh milestone and enter the top 10 cryptos. Besides, the chain has been strengthening every new day, highlighting the rising bullish sentiments for the Hedera & HBAR prices. 

Why is the HBAR price rising? Will the price reach $1 this bull run? 

The past week was one of the most exciting weeks for Hedera, which helped the price move so fast. Some of headlines include 

  • Several banks in the Philippines are launching peso-backed stablecoin PHPX on the Hedera network
  • Grayscale looking at a potential spot HBAR ETF
  • A record-breaking $41.65 million in USDC flowing into the Hedera network
  • HBAR recorded over $2 million spot inflows

With this, HBAR has gained among the top spots in leading social and market activity after Litecoin, which flashes massive bullish signals for the crypto. What’s next for the HBAR price?

The above historical chart of HBAR shows that the price has broken the 3-year consolidation, elevating the RSI levels above the upper threshold. The weekly RSI has entered the overbought zone for the first time since the 2021 bull run, reviving the hopes of a similar bull run hereafter. On the other hand, the token appears to be primed for another push as the 50/200-day weekly MA is heading towards a bullish crossover, commonly called the ‘Golden Cross’. 

Other positive factors to consider here are the bullish sentiments rising to 90.6% for the crypto, Donald Trump’s upcoming presidency boosting the markets with friendlier SEC rules & clearer regulations and importantly, rising inflation in the U.S. Therefore, the Hedera (HBAR) price has launched a massive bullish attack and hence is believed to smash a new ATH above $0.6, provided it surpasses the interim resistances at $0.44 and $0.57. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

KindlyMD Shares Surge 250% Post-Merger With Trump Crypto Advisor David Bailey

Shares of healthcare company KindlyMD (KDLY) skyrocketed by 250% on Monday after the firm announced a merger with Nakamoto Holdings, a Bitcoin (BTC) investment company founded by David Bailey, crypto

Các đồng coin tiềm năng nên mua khi dự luật tiền điện tử mới của Mỹ mở ra làn sóng đầu tư

Hôm nay, một dự luật tiền điện tử mới đã được giới thiệu tại Mỹ với mục tiêu “giữ vững vị thế dẫn đầu của nước Mỹ trong đổi mới tài

Coinbase Enters S&P 500 as Businesses Stack Bitcoin, Supporting Projects Like BTC Bull Token

Coinbase made history by becoming the first crypto entity to join the S&P 500, likely to cause Bitcoin and projects like BTC Bull Token ($BTCBULL) to rally It was the Coinbase CEO, Brian

Kaip tapti milijonieriumi su kriptovaliutomis?

Kriptovaliutų rinka ir toliau demonstruoja įspūdingus rezultatus Bitcoin kaina neseniai pasiekė rekordinę aukštumą – virš 93 000 JAV dolerių, o tai paskatino ir alternatyvių monetų

Robinhood Acquires WonderFi to Enter Canada’s Crypto Market

The post Robinhood Acquires WonderFi to Enter Canada’s Crypto Market appeared first on Coinpedia Fintech News Robinhood is acquiring WonderFi, one of Canada’s top crypto platforms, in a move to

PEPE Whale Makes $26 Million Binance Outflow As Price Jumps 70%

Data shows a Pepe whale has made a large Binance withdrawal in the past day as the memecoin’s price has seen a strong rally in the past week PEPE Whale Has Made A Notable Binance Outflow Today