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Hedera (HBAR) has shown impressive growth, climbing 130% in the past month to reach $0.30. Its enterprise-grade blockchain and partnerships with giants like Google and IBM fuel market confidence. As momentum builds, HBAR eyes a potential rally toward its recent high of $0.39.
HBAR Key Statistics
- Current Price: $0.30
- Market Cap: $11.6 billion
- Trading Volume (24h): $1.51 billion
- Circulating Supply: 38.2 billion HBAR
- Total Supply: 50 billion HBAR
- CoinMarketCap Ranking: #18
HBAR has gained 2.93% over the past 7 days, showcasing steady growth. In the last month alone, it has surged by an impressive 130%, highlighting strong momentum. This performance reflects increased market interest and potential bullish sentiment surrounding the token.
HBAR/USD Market
Key Levels
- Resistance: $0.35, $0.39, $0.45
- Support: $0.27, $0.19, $0.06
Analyzing the HBARUSD daily chart, Hedera has exhibited a notable uptrend in recent months, consolidating near the $0.30 region. Should bullish momentum persist, the first resistance level to watch is at $0.35, aligned with the upper Keltner Channel. A break above this point could open the path to $0.39, the recent high, followed by an extended resistance at $0.45, marking a potential continuation of the upward trajectory. However, a failure to breach the $0.35 mark could lead to stagnation and a short-term reversal.
On the downside, immediate support rests at $0.27, where the middle Keltner Channel acts as a dynamic baseline. Should selling pressure intensify, HBARUSD may test the $0.19 level, a psychological support that aligns with the lower band of the Keltner Channel. A breach below this zone may expose the asset to further downside risk toward $0.06, reflecting prior accumulation zones. Traders should monitor RSI divergence closely—while the indicator remains above 60, any bearish divergence signals could suggest waning bullish momentum.
Can HBAR Revisit Its $0.39 High?
Hedera (HBAR) is eyeing a potential rally back to its recent peak of $0.39 as market sentiment surrounding the project improves. Hedera’s enterprise-grade blockchain continues to attract attention due to its high-speed transaction capabilities and low energy footprint. With partnerships spanning industries like supply chain management and decentralized finance (DeFi), HBAR has carved a unique niche in the crypto space. Technical indicators suggest growing momentum, with its current price consolidating near critical support levels.
Hedera (HBAR): More Technical Insights
On the fundamental front, Hedera’s Governing Council, which includes major companies like Google, IBM, and LG, bolsters investors’ confidence. Additionally, the platform’s adoption for tokenization projects and carbon offsets has positioned it as a sustainable blockchain solution. With market conditions showing signs of recovery, could HBAR’s fundamentals and technical momentum align to push it back toward $0.39 and beyond?
HBAR/BTC Performance Insight
The HBARBTC daily chart shows a strong upward trend after a prolonged period of consolidation, with the price currently trading near 0.00000287. The sharp breakout above the Keltner Channel (KC) midline in November led to a significant price surge, hitting a high of 0.00000409. The Keltner Channel bands continue expanding, signaling volatility and bullish momentum. RSI divergence identified bullish signals earlier, particularly in September and October, which coincided with the price reversal. Currently, the RSI 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 the recent high of 0.00000409.
On X, popular investor Shawn shared that NVIDIA and Intel have partnered with $HBAR’s EQTY Lab to enable verifiable compute for advanced AI systems. The system, which operates on Hedera governing council member Dell’s servers, allows companies to explore new applications of Meta’s LLAMA models. Shawn implied that this partnership positions HBAR as a strong contender against $RNDR in the crypto and GPU compute space, marking a significant step for HBAR’s potential in AI-driven blockchain innovations.
🚨BREAKING: NVIDIA and Intel partner with $HBAR EQTY Lab to enable verifiable compute for advanced AI systems
The system is running on Hedera governing council member Dell‘s servers and enables companies to leverage Meta LLAMA models in new ways.
$RNDR just found its first… pic.twitter.com/RBfJwqp1FP— Shawn (@oroogle) December 18, 2024
Alternatives to HBAR
Hedera Network, renowned for its innovative technology and strategic partnerships, has solidified its position as a top 20 cryptocurrency with its native token, HBAR. As the cryptocurrency landscape continues to evolve, emerging projects like Wall Street Pepe ($WEPE) are gaining significant traction. Despite market volatility, $WEPE has successfully raised $31.4 million during its presale phase, demonstrating strong investor confidence at a price point of $0.0003649.
Wall Street Pepe distinguishes itself by creatively leveraging the iconic Pepe the Frog meme to build a utility-driven ecosystem tailored to the needs of everyday crypto 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 suite of tools empowers smaller investors to navigate the complexities of the cryptocurrency market.
Wall Street Pepe Is Becoming The Best Selling ICO Meme Coin Of All Time
The project’s growing momentum is evident in the increasing online presence of the “WEPE Army” on Twitter. Additionally, over 4.7 billion $WEPE tokens have been staked, offering an attractive annual yield of 167%. As development progresses, Wall Street Pepe is poised to carve out a niche in the market by combining its trader-focused ecosystem with its unique brand identity.
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