{"id":606207,"date":"2024-12-02T15:02:11","date_gmt":"2024-12-02T15:02:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=606207"},"modified":"2024-12-02T15:02:11","modified_gmt":"2024-12-02T15:02:11","slug":"is-it-too-late-to-buy-hbar-hedera-price-soars-45-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-hbar-hedera-price-soars-45-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy HBAR? Hedera Price Soars 45% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/span><\/p>\n

Hedera Price On A Strong Bullish Trend<\/h2>\n

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.<\/span><\/p>\n

According to data from <\/span>GeckoTerminal<\/span><\/a>, the $0.14 support allowed the bulls to take charge, pushing the price of Hedera through a sustained parabolic rise.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses above the orange signal line.<\/span><\/p>\n

A sustained bullish rally could see the price of Hedera surge even further, targeting the next possible resistance at $0.40.<\/span><\/p>\n

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

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.<\/span><\/p>\n

Meanwhile, investors are also piling into the presale of <\/span>Best Wallet ($BEST)<\/span><\/a>, which has already raised more than $1.9 million. <\/span><\/p>\n

ClayBro, a popular crypto analyst on YouTube with over 132K subscribers, says it ”Could Be The Best Crypto Wallet Of 2025.” . <\/span><\/p>\n