Hedera Price Could Continue Soaring Targeting $0.50 as Flockerz (FLOCK) Races Toward $3M In Blockbuster Presale

The Hedera price soared 38% in the last 24 hours to trade at $0.142 as of 02:27 a.m. EST on trading volume that skyrocketed 112% to $3.36 billion.

The price of Hedera (CRYPTO: HBAR) soared 38% in the last 24 hours to trade at $0.142 as of 02:27 a.m. EST on trading volume that skyrocketed 112% to $3.36 billion.

This comes as Donald Trump nominated Brian Brooks, a former Binance CEO and board member of the Hedera Foundation, to be the next US Securities and Exchange Commission (SEC) chair.

Brooks has been a prominent figure in the crypto industry, and has a strong background in financial regulations.

Hedera Price Could Continue Soaring

The Hedera price has experienced a parabolic rise, breaking out of a previously sideways phase within the $0.056 level, according to data from GeckoTerminal.

HBAR now trades above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, which confirms the sustained bullish trend.

The Relative Strength Index (RSI) above 70, currently at 73, indicates the asset is in the overbought zone. This suggests the bullish momentum might slow down or lead to a temporary correction as traders take profit.

Additionally, the MACD line (blue) is above the signal line (orange) and both are strongly positive, indicating robust upward momentum.

If this momentum continues, the Hedera price could soar even higher, as the bulls target $0.50.

However, with the overextended RSI, the price of Hedera could drop, with the $0.078 level acting as the next possible support, within the 50 SMA.

As the Hedera price aims for a more sustained bullish rally, some investors are turning to meme coins like the newly launched Flockerz (FLOCK) for more explosive upside potential.

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.

Flockerz Races Toward $3 Million In Blockbuster Presale

A meme coin with a purpose, Flockerz (FLOCK) features a Vote-to-Earn (V2E) platform that gives its community a say in key decisions. Its decentralized governance framework is called Flocktopia.

Investors are flocking to the presale of Flockerz's native token, FLOCK, for several reasons. One is its potential for massive gains, as highlighted by 99Bitcoins. Another is its impressive staking rewards, which currently stand at a staggering 885%.

Investors can join the presale by heading to the official Flockerz website to buy FLOCK tokens for $0.0060289 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.

Buy before a price hike in less than two days to secure the best deal.

Purchase FLOCK here.

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This article is informational only and not financial advice.