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The Hedera price soared 45% in the last 24 hours to trade at $0.2476 as of 02:27 a.m. EST on trading volume that skyrocketed 206% to $3.4 billion.
Hedera Price On A Strong Bullish Trend
The HBAR/USD chart analysis on the 4-hour timeframe exhibits a strong bullish trend, as evidenced by the significant upward price movement, increasing volume, and the position of technical indicators.
According to data from GeckoTerminal, the $0.14 support allowed the bulls to take charge, pushing the price of Hedera through a sustained parabolic rise.
HBAR, as a result of the continued surge, now trades above both the 50-day and 200-day Simple Moving Averages (SMAs). The current position also shows that the HBAR price is currently on a sustained bullish rally.
The Relative Strength Index (RSI) is in the overbought zone, currently at 85. This suggests that the asset has experienced a strong rally and may be prone to a pullback or consolidation in the near term. However, in strong uptrends, overbought RSI can persist as buyers dominate the market.
Meanwhile, the Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses above the orange signal line.
A sustained bullish rally could see the price of Hedera surge even further, targeting the next possible resistance at $0.40.
As a result of the RSI being oversold, the HBAR price may currently be overextended, which may cause the price of Hedera to plunge. In this case, the asset could undergo a slight correction to the 50-midline level at $0.1563.
Meanwhile, investors are also piling into the presale of Best Wallet ($BEST), which has already raised more than $1.9 million.
ClayBro, a popular crypto analyst on YouTube with over 132K subscribers, says it ”Could Be The Best Crypto Wallet Of 2025.” .
Best Wallet Presale Heads For $2 Million—Next Crypto To Explode?
Best Wallet is a next-generation Web3 crypto wallet that combines an intuitive interface with advanced features to deliver a user experience that surpasses traditional options like MetaMask.
Since the public launch of its presale just a week ago, new investors have added $900,000, bringing the total funds raised to more than $1.9 million.
Initially available exclusively through the app’s Upcoming Tokens feature, the presale has since expanded to welcome non-app users, broadening investment opportunities.
Best Wallet Family, are you using the Upcoming Tokens feature yet? 👀
It’s the easiest way to buy, track, and trade your presale tokens in one app. All the tools you need, right where you need them. ⚔️
Download now! 📲 https://t.co/AALEwrMCmn pic.twitter.com/ZXu3xC1zqz
— Best Wallet (@BestWalletHQ) November 29, 2024
The $BEST token offers valuable perks, including reduced fees, enhanced staking rewards, and exclusive bonuses, making it an essential asset for crypto enthusiasts. You can also earn passively by completing quests and receiving airdrops of BEST tokens.
Its ”Upcoming Tokens” feature also curates some of the presales available, aiming to give investors a market edge. Tokens like Catslap ($SLAP), which was featured on the app, achieved an impressive 2,000% return after launch, cementing Best Wallet’s reputation as a go-to platform for uncovering hidden crypto gems.
It also flagged early Pepe Unchained (PEPU), the most successful presale of the year after raising more than $64.6 million.
No more missing out on early-stage #crypto projects! 💸
With Best Wallet’s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app!
Download now! 👉 https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1
— Best Wallet (@BestWalletHQ) October 26, 2024
Priced at just $0.0229, investors should secure tokens before the next price increase in a little less than 2 days.
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