Hedera (HBAR) has surged over 5% in the past 24 hours and 37% in the last week, with trading volume exceeding $2 billion in the past day. The rally is driven by bullish technical indicators, including a rising ADX, positive Ichimoku Cloud signals, and favorable EMA alignments.

HBAR is now nearing key resistance at $0.40. A breakout above this level would mark its highest price since November 2021. However, traders should keep an eye on the $0.33 support level, which could become crucial if a reversal occurs.

The DMI (Directional Movement Index) chart for Hedera shows a sharp rise in the ADX (Average Directional Index), currently at 45.8, up from 17 just two days ago when the current uptrend began.

The ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and values above 40 signaling an even stronger trend. The recent surge in the ADX confirms that HBAR is experiencing powerful and sustained upward momentum.

The +DI (positive directional index) has slightly decreased to 28.6 from 35.6 a day ago, while the -DI (negative directional index) has risen marginally to 7.11 from 6.11. This indicates that although buying pressure has slightly weakened, it still far outweighs selling pressure, reflecting continued bullish sentiment.

The widening gap between the ADX and the directional indices suggests that the uptrend remains strong. If buying pressure stabilizes or strengthens, Hedera price could see further increases in the short term. However, traders should monitor the slight decrease in +DI for any signs of waning momentum.

The Ichimoku Cloud chart for HBAR shows a clear bullish trend. The price is trading well above the cloud, which is considered a strong bullish signal.

The Tenkan-sen (blue line) is positioned above the Kijun-sen (red line), further confirming upward momentum. The Lagging Span (green line) is also above the price, validating the strength of the current trend.

The cloud ahead is green and widening, signaling a continuation of bullish momentum in the near term. If HBAR price maintains its position above the Tenkan-sen and the Kijun-sen, it could target higher resistance levels.

However, if the price retraces, the Kijun-sen and the top of the cloud could act as strong support levels. A break below these levels might indicate weakening momentum, but for now, the bullish signals dominate.

HBAR’s EMA lines remain very bullish, with short-term EMAs positioned above long-term ones and maintaining a healthy distance between them. This alignment reflects strong upward momentum, suggesting that the current uptrend could continue. If buying pressure holds, HBAR might test the resistance at $0.40.

Breaking above this would mark the highest level for HBAR price since November 2021.

On the downside, if the momentum reverses, support at $0.33 will be a critical level to watch. A break below this support could lead to a retracement toward $0.29, with further declines potentially taking Hedera price down to $0.26 if a strong downtrend develops.

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