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The Hedera price soared 16% in the last 24 hours to trade at $0.25229 as of 9:04 p.m. EST on trading volume that skyrocketed 103% to $1 billion.
The surge comes on the heels of the announcement that Swift, the world’s leading financial messaging network, has plans to integrate Hedera’s blockchain technology across North America, Europe. And Asia.
Swift is set to begin live blockchain trials using Hedera’s technology this year, with full-scale implementation expected later in the year.
🚨 BREAKING: CONFIRMATION SWIFT WILL BE USING HEDERA TECHNOLOGY ACROSS THREE CONTINENTS! $HBAR
LIVE TRIALS WILL BEGIN IN NORTH AMERICA EUROPE AND ASIA THIS YEAR AND STARTING NEXT YEAR WILL USE HEDERA'S TECHNOLOGY
News was dropped by Dylan Brady who is the Chief Executive… pic.twitter.com/dc4Eyrkt8T
— Dagnum P.I. (@Dagnum_PI) March 1, 2025
Hedera Price Breakout Signals An Incoming Rally
According to the 6-hour chart, the HBAR price has been in a downtrend for several weeks, characterized by a descending channel pattern.
However, the Hedera price has now decisively broken above this bearish formation, signaling a potential trend reversal. This breakout has been accompanied by strong bullish momentum, as seen in the large green candlesticks forming outside the channel.
Additionally, the price of HBAR has moved above the 50-day Simple Moving Average (SMA), a bullish signal indicating short-term strength.
HBAR is currently facing resistance at the 200-day SMA (purple line), which often acts as a key level for trend confirmation. A clear break above this level could further solidify the bullish outlook.
The Hedera price chart also highlights a prior consolidation phase, where the price moved sideways before resuming its downward trajectory. This pattern suggests that the price of the Hedera token is now transitioning from a bearish phase into a more neutral-to-bullish market structure.
Meanwhile, the Relative Strength Index (RSI) is currently at 73.21, indicating that HBAR has entered overbought territory. This suggests that the price may experience a temporary pullback or consolidation before continuing higher. However, in strong uptrends, the RSI can remain overbought for extended periods.
The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming bullish momentum. Additionally, the histogram is in positive territory, suggesting increasing buying pressure. This crossover typically signals the continuation of an uptrend.
HBAR/USDT Chart Analysis (Tradingview)
HBAR Price Prediction
With the breakout confirmed, the next major resistance level is around $0.2665 (200-day SMA). If the Hedera price successfully closes above this level with strong volume, the price could target the next resistance at $0.35, which represents a 32.10% potential upside from the current level.
Conversely, if the price of HBAR faces rejection at the 200-day SMA, it may retest the $0.21 support level (50-day SMA) before attempting another breakout.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Token Presale Closes On $11 Million – Next Big Crypto?
Best Wallet is a non-custodial cryptocurrency wallet that supports multiple digital assets.
It combines standard wallet functionality with more advanced features, such as the ability to convert crypto directly to bank accounts in over 100 fiat currencies, eliminating the need to route funds through exchanges first.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
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3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
One of its standout features is “Upcoming Tokens,” a screening section that helps users spot potential investments before they reach exchanges.
It’s establishing a strong track record after flagging to wallet holders presales including Pepe Unchained (PEPU) and Catslap (SLAP), which delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 150% annual return.
Currently, BEST tokens are selling for $0.024175. Buy before a price hike in less than 13 hours to lock in the best deal.
Visit the Best Wallet website.
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