Chain News Today TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Hedera price pumped 4% in the last 24 hours to trade at $0.2903 as of 11:16 p.m. EST on trading volume that skyrocketed 79% to $1.4 billion. Hedera Price Gearing Up Towards A Bullish Trend Reversal The price of Hedera surged dramatically through a parabolic curve, reaching a peak near $0.375, followed by a retracement and narrowing price action. Two converging yellow trendlines mark the falling wedge pattern, with lower highs and higher lows, indicating consolidation. The HBAR price is now hovering around $0.291 and testing the upper boundary of the wedge, suggesting that a breakout may be imminent, according to data from GeckoTerminal . The 50-day Simple Moving Average (SMA) (white line) is currently at $0.2918, closely tracking the current price. A breakout above this level would confirm bullish momentum. However, the 200-day SMA (yellow line) at $0.2157 is far below the price, serving as a strong long-term support level. The wide gap between the two moving averages confirm...