The token hbar of hedera increased almost 12% on Friday, rising to $ 0.2657 and surpassing all 20 other main cryptocurrencies by daily percentage, according to Coindesk data. The rally followed an announcement of the popular Robinhood commercial platform that he had added support for the asset, which increased his exposure to a broad base of American retail investors.
The list sent very high HBAR negotiation volumes, with a half -day break around 12:00 UTC on July 25 that pushed prices to the $ 0.26 brand in the midst of more than 713 million tokens that are negotiated in one hour. That movement established the area of $ 0.26 as a short -term resistance, although the Token continued to show a strong upward boost on Saturday.
Hedera, unlike traditional blockchains, operates in a unique Hashgraph consensus model that allows high speed and low -scale transactions. It is designed to admit decentralized applications, NFT and DEFI, and is widely known for its energy efficiency. The native token of the network, HBAR, is used to pay network services, security participation and encourage node participation.
An analyst believes that Hbar could have more space to run.
On Friday, the cryptographic analyst Chartned said in X that Hbar could be preparing a higher important movement, but only if he erases a key technical obstacle. Specifically, he pointed out a level of resistance about $ 0.35, which said that he aligns with something called Superrend indicator, a commonly used tool that helps merchants identify when an asset can change from a bearish trend to a bullish trend.
According to Chartned, if Hbar can close above that level with a strong impulse, the Token could enter what merchants call “prices discovery”, a stage in which there are no previous maximums to act as barriers. He cited Fibonacci extension levels, which are often used to estimate future price objectives during strong trends at heights, suggesting that Hbar could increase to $ 1.26 or even $ 3.30 in a bullish scenario.
TECHNICAL ANALYSIS
- According to the technical analysis data model of Coindesk Research, HBAR increased from $ 0.24 to $ 0.27 during the 24 -hour period that ended on July 26 at 06:00 UTC, winning almost 12% in the day.
- The most acute movement occurred around noon on Friday, when a large increase in the negotiation volume pushed prices above $ 0.26.
- After reaching that level, the Token withdrew briefly, suggesting that $ 0.26 can act as a short -term roof.
- The support was firm around $ 0.24, with purchase activities constantly building throughout the day and forming a clear upward trend.
- Merchants are now looking for a possible movement above $ 0.27, which could indicate more profits on the weekend.
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