Hedera (HBAR) Has Surged More Than 6% In The Last 24 Hours, Bringing Its Market Cap to $10.6 Billion

With its price up nearly 30% over the past week, HBAR stands out as one of the top-performing altcoins among the largest in the market.

The price of (CRYPTO: HBAR) has surged by more than 6% in the last 24 hours, bringing its market cap to $10.6 billion. Its price is up nearly 30% over the past week, making it one of the best-performing major altcoins.

This strength has seen key technical indicators move into bullish territory. BBTrend is now at its highest level in over a month, and the Ichimoku Cloud structure shows sustained upward momentum.

If HBAR maintains this strength, it could test critical resistance levels. It may reach $0.35 in March.

Hedera BBTrend Is On Its Highest Levels In More Than a Month

Hedera BBTrend is currently at 18.15, maintaining a positive stance for over a day. Earlier today, it touched a peak of 21.3, which is the highest it has been since late January.

While it has pulled back slightly from that peak, the indicator is still at elevated levels, suggesting that the recent uptrend is still intact. This sustained positivity in BBTrend indicates strong directional momentum in HBAR’s price action, aligning with broader market trends.

BBTrend, or Bollinger Band Trend, is a technical indicator that measures trend strength based on the relationship between price and Bollinger Bands. When BBTrend is positive, it indicates that the price is trading in the upper portion of the Bollinger Bands, which often signals an ongoing bullish trend.

In HBAR’s case, the current level of 18.15 – while lower than its earlier peak of 21.3 – still reflects a strong upward bias. If this trend remains elevated, it could indicate continued bullish momentum for HBAR, but the slight pullback from 21.3 suggests some moderation in buying pressure.

Whether this leads to consolidation or further upside will depend on market follow-through and broader sentiment shifts.

HBAR Ichimoku Cloud Shows A Bullish Setup

According to the Ichimoku Cloud, Hedera is currently positioned in a bullish structure. The price is trading above the blue conversion line and the red baseline, which indicates short-term bullish momentum.

The green leading span A is sloping upward, and the orange leading span B is relatively flat, forming an ascending cloud that suggests increasing support. Additionally, the lagging span (green line) is above the price from 26 periods ago, which reinforces the strength of the ongoing trend.

However, the price is consolidating just above the red baseline, signaling a potential decision point between continuation or a short-term pullback.

The Ichimoku Cloud provides a multi-faceted view of trend direction and key support-resistance zones. When the price is above the cloud, it signals a dominant bullish trend, but movement below would indicate a shift in sentiment.

The current positioning above both the blue conversion line and red baseline suggests that bullish momentum is still present. If the price maintains this structure, further upside can be expected, especially as the green leading span A continues to rise.