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HBAR has risen 38% weekly to $0.3988, driven by Coinbase Prime custody integration and positive market sentiment surrounding potential inclusion in strategic reserves.
Many bullish news from Coinbase and President-elect Donald Trump have fuelled Hedera (HBAR) price to a high of $0.3988 today. Marking a notable 12% increase in a day, HBAR is just around 10% shy away from its all-time high of $0.4323, marked in 2021.
Hedera (HBAR) price stands out as the top gainer with over 23% rise in the past 24 hours, marking the levels not visited since December 2021. Breaking the 36-month consolidation has flashed massive bullish signals for the token, which is now believed to achieve a fresh milestone and enter the top 10 cryptos.
HBAR could soar by 35% to reach the $0.465 level if it holds itself above the $0.34 level.
TL;DR Hedera's mainnet upgrade to version 0.57 has driven HBAR inflows to a 27-day high, generating significant trading activity. HBAR's Elder-Ray Index shows strong buying pressure, suggesting a potential bullish trend and optimism among investors. HBAR faces resistance at $0.39 and support at $0.33, with significant potential to break this barrier and continue its rise.
HBAR has finally broken out of its month-long consolidation below $0.33, a level that saw multiple failed breakout attempts.
Litecoin (LTC) joined Hedera (HBAR) as a top performer, gaining 13%.
Over the past month, Hedera has been trading within a range. The range extremes lay at $0.255 and $0.339, with the mid-range level at $0.297.
HBAR, the native token powering the Hedera Hashgraph distributed ledger, has seen a 10% price surge in the last 24 hours.
Hedera Hashgraph price has stabilized, and a unique chart pattern on the daily chart suggests a potential rebound. Hedera Hashgraph (HBAR) has risen for two consecutive days, reaching a high of $0.3140, its highest level since January 7.
Cardano, Hedera, and Stellar showcase bullish and bearish setups. ADA eyes a 65% rally, HBAR faces overbought risks, and XLM could drop 20% amid triangle patterns.
The cryptocurrency sector rose by 2.29% to $3.36 trillion as markets recovered, driven by a resurgent Bitcoin (BTC) crossed the $97,000 mark, up over 2% in the past 24 hours. BTC briefly dropped below $90,000 earlier in the week, spooking markets and leading to a considerable decline among cryptocurrencies.
Hedera's (HBAR) value has declined by 12% over the past week. Exchanging hands at $0.26 at press time, the altcoin currently trades at its lowest level in the past seven days.
Rangebound trading conditions from Bitcoin could boost the chance of a breakout in XRP, HBAR, BGB and XMR.
Hedera (HBAR) has struggled to gain momentum in recent weeks, reflecting a lack of direction amid a highly uncertain cryptocurrency market. This indecision has left investors cautious, making it difficult for them to take a definitive stance on the altcoin's potential.
Four Filipino banks, UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and the Rural Bank of Guinobatan, announced they plan to launch a multi-bank peso stablecoin, PHPX, later this year. The coin will initially run on the Hedera DLT network.
HBAR, the native token powering the Hedera Hashgraph distributed ledger, has recorded its first spot inflows in the past week, totaling $4 million. This has sparked speculation that this could mean the altcoin is poised to break above the narrow range it has traded within since early December.
Grayscale, crypto asset management firm, is considering 39 cryptocurrencies for future investment products. These include top altcoins Dogecoin (DOGE), BNB, Hedera (HBAR), Kaspa (KAS), Aptos (APT), and more.
Bitcoin (BTC) dipped to its lowest level since November as its post-election rally lost steam. BTC fell to an intraday low of $91,314 before recovering to its current level of $93,311.
The market participants are anticipating more US Crypto ETF additions to the list after the approval of Spot Bitcoin ETF and Spot Ether ETF last year. Some more crypto ETFs that may see the light in 2025 are XRP ETF and Solana ETF, considering a lot of applications have been filed by issuers in November
Philippine banks are collaborating to launch the PHPX stablecoin for real-time remittances, leveraging Hedera's DLT network and cross-border payment solutions.
Hedera (HBAR) has faced a prolonged period of consolidation, with its price trading in a narrow range between $0.25 and $0.33.
Hedera (HBAR) price has fallen sharply, dropping 12.5% in the last 24 hours, with trading volume around $1 billion. The ongoing correction aligns with bearish technical indicators, including a declining ADX, which reflects weakening trend strength despite the downtrend persisting.
Bitcoin (BTC) surged past $100,000 as it continued its upward momentum in the new year. The cryptocurrency went from a low of $98,760 to $102,413 late on January 6 before dropping marginally to its current level of $101,745.
