Hedera (HBAR) is exhibiting signs of a potential recovery as technical indicators suggest a shift in momentum. The cryptocurrency's price has been consolidating after a period of low investor activity. Key indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), point to a possible bullish trend. The RSI is on the rise but remains below the neutral 50.0 level, while the MACD has formed a bullish crossover, indicating diminishing bearish momentum.
Currently, HBAR is trading between $0.178 and $0.162. A breakout above the $0.178 mark is necessary to confirm a potential upward trend, signaling a stronger recovery phase for the cryptocurrency.
Hedera (HBAR) Shows Bullish Signals Amid Potential Recovery
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