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

Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open

Bitcoin dipped to an intraday low of $77,098, mirroring the downturn in futures markets as the Dow Jones Industrial average plunged more than 1,500 points Dow Tanks 1,500 Points; Bitcoin Sinks as

Realized Cap vs. Market Cap: Cryptoquant CEO Points to Bitcoin Bear Phase

Ki Young Ju, the CEO of Cryptoquant, stated this weekend that bitcoin’s bull cycle has concluded, citing a growing divergence between realized cap and market cap as evidence of a bear market

MyCryptoParadise Crypto Signals Team Called the $19K Bottom and $109K Top – Here’s Their Next Target

This content is provided by a sponsor PRESS RELEASE In a space flooded with thousands of crypto signals groups, finding one that actually gets it right — not once, but twice — feels almost

US may withdraw support for Argentina if it continues accord with China

The United States has made its support for Argentina’s ongoing International Monetary Fund (IMF) negotiations conditional on President Javier Milei’s willingness to sever ties with China,

Bitcoin Struggles Below $80K as Weekend Sell-Off Wipes Out $160B in Value 

While bitcoin maintained its footing on Friday, hovering above the $84,000 threshold, the digital currency descended below the $80,000 mark by Sunday, erasing $4,600 in value over the course of the

Ethereum Supply On Exchanges Plummets – Is A Supply Squeeze Coming?

Ethereum is down 55% from its December high, reflecting the broader weakness that has hit the crypto market amid escalating global uncertainty Much of the recent pressure comes from US President