Hedera (HBAR) Gains Bullish Momentum as Technical Indicators Flash Breakout Signals
Hedera Hashgraph’s native token HBAR has surged 25% over the past month, with technical analysis indicating continued upward momentum. The cryptocurrency is currently trading above key moving averages while its 14-day Relative Strength Index sits at 80%—a strong bullish signal that often precedes significant price movements.
Market analysts observe HBAR’s consolidation within a defined range, with volume profiles and momentum indicators suggesting an imminent breakout. The token’s price structure reveals clear support and resistance levels that could determine its near-term trajectory.