Hedera (HBAR) rises by 8% with momentum indicators flashing bullish signals. The price of Hedera (HBAR) increased by 21.7% over the week, with the BBTrend rising to 6.83, indicating increased volatility and the emergence of a strong trend.
The Relative Strength Index entered the overbought territory at 73.93, suggesting a temporary rise, although strong trends can maintain such levels briefly.
HBAR is approaching key resistance at $0.20 with bullish EMA alignment; a breakout could lead to $0.258, while $0.179 remains a critical support. Hedera (HBAR) is on the move, having risen over 8% on Friday and extending its gains over seven days to an impressive 21.7%. This rise comes alongside increasing momentum signals, including the rising BBTrend and RSI pushing into overbought territory.
The price is also approaching a key resistance area, supported by bullish EMA alignment indicating that the upward trend may still have room to continue.
What does the rising BB trend of Hedera mean?