The post Can HBAR Break Its All-Time High in This Bull Market? appeared on BitcoinEthereumNews.com.

HBAR price has surged 10% in 24 hours, becoming a top gainer in the crypto market. Hedera rose from $0.3008 to $0.3295 with a 102% rise in trading volume. The 2025 bull run has officially started with Bitcoin once again trading above $101K. While the BTC rally has triggered optimism in the market, altcoins are showing incredible performance.  Amid the 1-3% increase in the 24-hour charts of leading altcoins like Solana (SOL) and XRP, Hedera’s native cryptocurrency, HBAR, has climbed about 10% in the last 24 hours, topping the gainers list. Today, HBAR’s price surged from $0.3008 to an intraday high of $0.3295 within a single day, before slightly sliding back to $0.3199 at the time of writing. Despite this slight pullback, the altcoin boasts a market cap of $12.23 billion and has seen its trading volume soar by more than 102% to $925 million.  Zooming in, over the week, HBAR has surged 17%, and seen an impressive 296% rally in the past year. However, it remains 5% below its monthly high, which was above $0.3312. With these strong gains and the current market optimism, the big question is whether Hedera can break its all-time high of $0.5701 during this altcoin season. HBAR 24-H Technical Analysis: Key Price Levels Looking at the technical overview, HBAR’s chart suggests further bullish momentum. On the day chart, the altcoin has formed a bull flag pattern. A bull flag pattern starts with a steep, nearly vertical price surge—referred to as the flagpole—driven by buyers overwhelming sellers. This is supported by key indicators like the Exponential Moving Average. A “death cross” occurs with EMA below HBAR’s price, suggesting bullish momentum and an upward trend. Additionally, a CMF value of 0.08 indicates mild buying pressure in the market. To validate this, the RSI of 58 indicates…

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Filed under: News - @ January 7, 2025 4:25 pm