Spectacular increase of 40%, find out why

While bitcoin seems to be dozing around $95,000, altcoins are in the spotlight. Ethereum, Shiba Inu and others are seeing their prices rise, driven by renewed excitement. At the heart of this dynamic, Hedera (HBAR) explodes with meteoric progress, boosted by a key technical signal. The HBAR crypto is now attracting all eyes, riding an unprecedented wave of optimism.

A golden signal propels Hedera to the top

Has the long-awaited altseason started? Indeed, Hedera (HBAR) offered itself a spectacular surge of 40% in just 24 hours, reaching a peak at $0.259. This meteoric jump is the result of a technical signal called a “golden cross”, occurring when the 50-day moving average exceeds the 200-day moving average.

Considered as a bullish indicatorthis phenomenon triggered a buying frenzy.

Since November 26, the crypto HBAR progressed six days a weekclimbing to new heights since March 2022. Indeed, this golden cross is a catalyst for the future of HBAR. Investors appear confident.

THE notable figures of the week:

• +19% in 24 hours, stabilized at $0.241;
• A capitalization of $9.23 billion, placing Hedera 19th in the world;
• Target upside potential: $0.30 to $0.45.

This picture, although idyllic, does not exclude corrections. If a retreat were to occur, the threshold of $0.17 would serve as a safety net.

Crypto HBAR galvanized by growing adoption

The Hedera ecosystem continues to grow. With 32 members in its governance councilthe platform is attracting more and more developers and businesses. This mass adoption fuels demand for HBAR tokens, boosting its value.

Furthermore, the general context of the crypto market works in favor of HBAR. After a period of decline, altcoins are enjoying renewed optimism. HBAR’s recent performance shows its ability to bounce backeven after going through a severe bearish phase, like that caused by a “death cross” in June.

Hedera now seems determined to capitalize on its current momentum. If it breaks the $0.259 barrier, a new rally could begin, consolidating its place among the crypto market leaders.

Last April, HBAR had already surprised the market by soaring more than 100% in one day, boosted by a general rally. Today, its meteoric rise is a reminder of its ability to adapt to fluctuations in the crypto market. If the past is any indicator, Hedera appears poised to enter the race for promising altcoins for the long term.

Micaiah A.

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it