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Hedera (HBAR) Gains 30% in a Week as Indicators Point to More Upside

Hedera (HBAR) Gains 30% in a Week as Indicators Point to More Upside

BeInCryptoBeInCrypto2025/03/05 15:00
By:Tiago Amaral

Hedera (HBAR) continues its strong rally, gaining 6% in a day and nearly 30% in a week. Key indicators signal bullish momentum, with a potential test of $0.35 ahead.

Hedera (HBAR) has surged more than 6% in the last 24 hours, bringing its market cap to $10.6 billion. With its price up nearly 30% over the past week, HBAR stands out as one of the top-performing altcoins among the largest in the market.

This strong rally has pushed key technical indicators into bullish territory, with BBTrend reaching its highest level in over a month and the Ichimoku Cloud structure showing sustained upward momentum. If HBAR maintains this strength, it could soon test critical resistance levels, with the potential to surpass $0.35 in March.

Hedera BBTrend Is On Its Highest Levels In More Than a Month

Hedera BBTrend is currently at 18.15, maintaining a positive stance for over a day. Earlier today, it reached a peak of 21.3, marking its highest level since late January.

While it has pulled back slightly from that peak, the indicator remains elevated, suggesting that the recent uptrend is still intact.

This sustained positivity in BBTrend indicates strong directional momentum in HBAR’s price action, aligning with broader market trends.

Hedera (HBAR) Gains 30% in a Week as Indicators Point to More Upside image 0HBAR BBTrend. Source: TradingView.

BBTrend, or Bollinger Band Trend, is a technical indicator that measures trend strength based on the relationship between price and Bollinger Bands. When BBTrend is positive, it suggests that the price is trading in the upper portion of the Bollinger Bands, often signaling an ongoing bullish trend.

In HBAR’s case, the current level of 18.15 – while lower than its earlier peak of 21.3 – still reflects a strong upward bias. If this trend remains elevated, it could indicate continued bullish momentum for HBAR, but the slight pullback from 21.3 suggests some moderation in buying pressure.

Whether this leads to consolidation or further upside will depend on market follow-through and broader sentiment shifts.

HBAR Ichimoku Cloud Shows a Bullish Setup

According to the Ichimoku Cloud, Hedera is currently positioned in a bullish structure. The price is trending above the blue conversion line and the red baseline, indicating short-term bullish momentum.

The green leading span A is sloping upward, while the orange leading span B remains relatively steady, forming an ascending cloud that suggests growing support. Additionally, the lagging span (green line) is above the price from 26 periods ago, reinforcing the strength of the ongoing trend.

However, the price is consolidating just above the red baseline, signaling a potential decision point between continuation or a short-term pullback.

Hedera (HBAR) Gains 30% in a Week as Indicators Point to More Upside image 1HBAR Ichimoku Cloud. Source: TradingView.

The Ichimoku Cloud provides a multi-faceted view of trend direction and key support-resistance zones. When the price is above the cloud, it signals a dominant bullish trend, while movement below would indicate a shift in sentiment.

The current positioning above both the blue conversion line and red baseline suggests that bullish momentum is intact. If the price maintains this structure, further upside could be expected, especially as the green leading span A continues to rise.

However, a drop below the red baseline would indicate weakening momentum, potentially leading to a test of the cloud’s support region. The thickness of the cloud ahead suggests a moderate support zone, meaning any pullback would face resistance before shifting the overall trend.

Hedera (HBAR) Could Surpass $0.35 In March

Hedera EMA lines indicate a bullish trend, with a golden cross forming yesterday and the possibility of another one soon. A golden cross occurs when a shorter-term EMA crosses above a longer-term EMA, signaling strong upward momentum.

If this setup continues, HBAR could test the next resistance at $0.28. A breakout above this level could open the path for a move toward $0.322.

If buying pressure intensifies and Hedera price regains the strong uptrend seen in previous months, it could push further to test $0.35 and $0.37. In an extended rally, HBAR might even rise above $0.40 for the first time since November 2021, marking a significant recovery.

Hedera (HBAR) Gains 30% in a Week as Indicators Point to More Upside image 2HBAR Price Analysis. Source: TradingView.

On the other hand, if the uptrend fails to materialize, HBAR could face a retest of the $0.24 support level.

Losing this support would indicate a weakening structure, potentially leading to a decline toward $0.213.

If bearish momentum intensifies and buying interest does not return, Hedera could drop further to $0.177, testing deeper support zones.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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