The price of the cryptocurrency Hedera (HBAR) has grown over 7.5% in the past 24 hours, showcasing its bullish momentum across various technical indicators. The Directional Movement Index (DMI) indicates increasing buying power, while the Ichimoku Cloud chart also demonstrates a clear bullish structure. Moving average lines are likely to soon create a ‘golden cross,’ a bullish pattern that could push HBAR price to $0.20. This positive trend has formed after weeks of price stabilization. The Average Directional Index (ADX), measuring trend strength regardless of direction, has reached 16.27, an increase from 13.54 two days ago. Although this index is still below 20 and does not confirm a strong trend, its rise signals a potential bullish trend. The +DI indicator has reached 22.6, showing increased buying pressure, while the -DI indicator has decreased to 13.24, indicating a reduction in selling pressure. In the Ichimoku chart, the price is above the Kumo cloud, which has changed color from red to green; this change typically signals the end of a downtrend and the beginning of an uptrend. If this momentum is sustained, the HBAR price could reach $0.20 and even $0.258. However, in case of a trend reversal, support levels for sellers are at $0.153 and then $0.124. You can monitor the live prices of all tokens and cryptocurrencies on the real-time digital currency price page.
