{"id":600444,"date":"2024-11-19T12:32:44","date_gmt":"2024-11-19T12:32:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=600444"},"modified":"2024-11-19T13:44:04","modified_gmt":"2024-11-19T13:44:04","slug":"hedera-price-prediction-hbar-soars-38-as-trump-nominates-brian-brooks-for-sec-chair-and-analysts-say-consider-buying-this-new-ico-with-885-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/hedera-price-prediction-hbar-soars-38-as-trump-nominates-brian-brooks-for-sec-chair-and-analysts-say-consider-buying-this-new-ico-with-885-apy","title":{"rendered":"Hedera Price Prediction: HBAR Soars 38% As Trump Nominates Brian Brooks For SEC Chair And Analysts Say Consider This New Meme Coin For Parabolic Gains"},"content":{"rendered":"

The Hedera price soared 38% in the last 24 hours <\/span>to trade at $0.142<\/span><\/a> as of 02:27 a.m. EST on trading volume that skyrocketed 112% to $3.36 billion.<\/span><\/p>\n

This comes as Donald Trump nominated Brian Brooks, a former Binance CEO and board member of the Hedera Foundation, to be the next US Securities and Exchange Commission (SEC) chair.<\/span><\/p>\n

Brooks has been a prominent figure in the crypto industry, and has a strong background in financial regulations.<\/span><\/p>\n

Hedera Price Could Continue Soaring<\/h2>\n

The Hedera price<\/a> has experienced a parabolic rise, breaking out of a previously sideways phase within the $0.056 level, according to data from GeckoTerminal.<\/span><\/p>\n

HBAR now trades above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which confirms the sustained bullish trend.<\/span><\/p>\n

The Relative Strength Index (RSI) above 70, currently at 73, indicates the asset is in the overbought zone. This suggests the bullish momentum might slow down or lead to a temporary correction as traders take profit.<\/span><\/p>\n

Additionally, the MACD line (blue) is above the signal line (orange) and both are strongly positive, indicating robust upward momentum.<\/span><\/p>\n

If this momentum continues, the Hedera price could soar even higher, as the bulls target $0.50.<\/span><\/p>\n

\"Hedera
HBARUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

However, with the overextended RSI, the price of Hedera<\/a> could drop, with the $0.078 level acting as the next possible support, within the 50 SMA.<\/span><\/p>\n

As the Hedera price aims for a more sustained bullish rally, some investors are turning to meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for more explosive upside potential.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n