Hedera Soars: Spectacular Increase Of 40%, Discover Why

As Bitcoin seems to be dozing around $95,000, altcoins are taking the spotlight. Ethereum, Shiba Inu, and others are seeing their prices soar, driven by renewed excitement. At the heart of this dynamic, Hedera (HBAR) is exploding with a spectacular surge, boosted by a key technical signal. The HBAR crypto is now attracting all eyes, surfing on a wave of unprecedented optimism.

A golden signal propels Hedera to the top

Has the long-awaited altseason begun? Indeed, Hedera (HBAR) has achieved a spectacular rise of 40% in just 24 hours, reaching a peak of $0.259. This explosive jump is the result of a technical signal called “golden cross,” occurring when the 50-day moving average exceeds that of the 200-day moving average.

Considered as a bullish indicator, this phenomenon has triggered a buying frenzy.

Since November 26, the HBAR crypto has progressed six days out of seven, soaring to unprecedented heights since March 2022. Indeed, this golden cross is a catalyst for HBAR’s future. Investors are showing confidence.

The notable figures of the week:

• +19% in 24 hours, stabilized at $0.241;
• A market capitalization of $9.23 billion, placing Hedera in 19th place globally;
• Targeted bullish potential: $0.30 to $0.45.

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

The HBAR crypto galvanized by growing adoption

The Hedera ecosystem continues to grow richer. With 32 members in its governance council, the platform is attracting more and more developers and companies. This massive adoption fuels demand for HBAR tokens, strengthening its value.

Moreover, the overall context of the crypto market works in favor of HBAR. Following a period of decline, altcoins are benefiting from a resurgence of optimism. HBAR’s recent performance shows its ability to rebound, even after going through a severe bearish phase, such as that caused by a “death cross” in June.

Hedera today seems determined to capitalize on its current momentum. If it surpasses the barrier of $0.259, a new rally could begin, solidifying its place among the leaders of the crypto market.

Last April, HBAR already surprised the market by soaring over 100% in one day, boosted by a general rally. Today, its rapid ascent recalls its ability to adapt to the fluctuations of the crypto market. If the past is any indicator, Hedera seems ready to establish itself permanently in the race of promising altcoins.