Hedera's HBAR token has surged over 10% amid record trading volumes and increased whale participation, driven by a new AI partnership with Accenture and EQTY Lab that enhances real-world adoption. The token approaches its key resistance at $0.401, with technical and on-chain momentum supporting a potential breakout, though some hesitation remains among traders.
Bitcoin hits a new all-time high of over $119K, while altcoins XLM and HBAR surge 22% and 27%, respectively, leading a strong altcoin rally amid ongoing market optimism.
Hedera's HBAR token has surged by 38% over the past week, reaching a price of $0.205, but signs suggest a potential price correction. Despite the recent rally, indicators such as a declining trading volume, a bearish Fear and Greed Index, and a high Relative Strength Index suggest that HBAR could drop to a support range of $0.142 to $0.128. The market's extreme greed position and increased short positions further indicate a possible bearish trend reversal.
Hedera (HBAR) is experiencing a significant bull run, with its price increasing by over 250% from a low of $0.041 to $0.15, and is now targeting the $0.20 mark. The altcoin has shown strong bullish patterns on both weekly and 4-hour charts, supported by positive MACD crossovers and EMAs. The current trend suggests potential for further gains, although a reversal at the 23.6% Fibonacci level could lead to a retest of $0.1186. Investors are advised to conduct thorough research before making decisions.
The price of Hedera Hashgraph's HBAR token has surged over 15% after the U.S. Federal Reserve's instant payments platform, FedNow, added Dropp, a Hedera-based micropayments platform, as a service provider. Dropp allows merchants to accept small-value purchases digitally without large transaction fees. This move has contributed to HBAR's overall increase of nearly 50% since mid-June, with the token's market cap surpassing $2.1 billion. Hedera Hashgraph's unique blockchain structure, utilizing hashgraph consensus, enables high transaction speeds and low-latency finality. The platform has experienced significant growth in daily active accounts and new account creations, driven by NFTs and DeFi. Hedera has also seen integration with other platforms and completed a stablecoin remittance proof-of-concept pilot.