Hedera Price Outlook Strong as TVL Growth Supports Bullish Trend
Hedera's cryptocurrency is testing a critical resistance level at $0.28559, with technical indicators suggesting potential for further gains. The Relative Strength Index (RSI) and stochastic oscillator align with bullish momentum, while trading volume reflects strong investor interest.
Recent price action saw a pullback to $0.2468 amid declining volume, signaling short-term caution. However, the platform's growing Total Value Locked (TVL) underscores increasing adoption, fueling speculation of a potential rally toward $1.
Technical analysis reveals a well-formed Elliott Wave pattern, with 'Macro 1' and 'Macro 2' phases indicating sustained upward potential. Market observers note that a decisive break above current resistance could accelerate buying pressure.
