Hedera ( HBAR ) rises to the sky as demand sparks hope for price recovery.

HBAR of Hedera has surpassed the general bearish trend of the market to record a slight increase of 1% in the past 24 hours. At the time of writing, this altcoin is trading at 0.17 USD.

This price increase occurs against the backdrop of signs of renewed demand for altcoin, highlighted by important technical indicators on the daily chart.

The bullish trend of HBAR is becoming stronger.

The Moving Average Convergence Divergence index (MACD) of HBAR shows that on 09/04/2025, the green (MACD) line of the token has crossed above the orange (signal line ), forming a "golden cross."

A golden cross occurs when the MACD line crosses above the signal line, signaling a potential bullish trend and increasing buying pressure. This confirms that the bullish momentum of HBAR is strengthening, especially as investors often view this pattern as a buy signal.

Moreover, at the time of writing, the Relative Strength Index (RSI) of HBAR is about to cross the neutral line of 50, highlighting a new increase in demand for altcoin. Currently, this index is at 49.17 and is still in an upward trend.

The RSI index measures the overbought and oversold conditions of an asset. It ranges from 0 to 100. A value above 70 indicates that the asset is overbought and may fall, while a value below 30 indicates that the asset is oversold and may recover.

At 49.17 and rising, the RSI index of HBAR indicates a gradual shift from bearish territory to a more neutral zone. If the RSI index of the altcoin continues to rise above 50, this will signal increasing bullish sentiment, pushing the value of HBAR higher.

HBAR heads towards 0.19 USD amidst strong buying pressure

The increase in the price of HBAR over the past day has pushed its price above the important resistance level of 0.16 USD, which has kept the token in a bearish trend since March 30, 2025.

With increased buying pressure, the token may turn this area into a support level. If successful, the price of HBAR could rise to 0.19 USD.

However, if traders continue to take profits, the current price increase of HBAR will stop, and the price of the token may fall below 0.16 USD and continue to decrease to the level of 0.12 USD.

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