Hedera (HBAR) soars 12.51%, confirming bullish trend

The cryptocurrency that allows building decentralized applications challenges resistance and promises more surprises in the market.

The price of Hedera (HBAR) has registered an impressive increase of 12.51%, closing at USD 0.3627, confirming the bullish trend. This rebound occurs in a favorable context that could mean the beginning of a solid upward movement for this cryptocurrency, which has already shown remarkable growth in the last year.

Hedera remains above the EMA50, a key moving average that drove its recent rise / TradingView

A remarkable performance in the crypto market

Hedera remains above the EMA50, a key moving average that drove its recent rise. Three days ago, HBAR bounced off this support and now faces important resistance in the USD 0.3918 area. Analysts warn that if it manages to overcome this level, it could continue its climb. This growth is not a coincidence; Since November 5, 2024, when the crypto sector was revitalized by the victory of President Donald Trump, Hedera (HBAR) is in an uptrend.

Moreover, in the long term, HBAR shows positive sentiment by holding above the EMA200. The closest support is found at the EMA50, located at USD 0.2634. The recent market activity is notable, with an increase in trading volume that tripled the average of the last 25 days. This suggests that buyers are making aggressive moves in search of testing the resistance.

Crypto Market Momentum and External Factors

With an impressive return of 364.92% over the past 12 months and 36.36% in January 2025 alone, HBAR benefits from a recovery in the price of Bitcoin, which returned to the USD 100,000 zone. In addition, weak inflation data in the US contributed to a positive environment for cryptocurrencies. Unemployment claims have increased, which could lead the Federal Reserve to consider an interest rate cut. This is further favoring digital assets.

Innovations on the Hedera platform

Hedera not only stands out for its price performance, but also for its technological innovations. The network integrated oracles, essential for the creation of decentralized applications (dApps), since Q3 2024. However, the lending and credit protocol Sirio Finance developed an alternative mechanism without oracles, which strengthens the security of its platform. This advancement is due to Hedera's unique architecture, allowing the obtaining of token prices without relying on oracles, according to a recent blog post.

In addition, Hedera announced an update of its mainnet to version 0.57 on January 15, 2025, which could cause some interruptions in the network services for approximately 40 minutes.

Towards a bright future

With solid performance and an ever-evolving technological environment, Hedera (HBAR) is positioned as a cryptocurrency to watch in 2025. If it manages to break through current resistances, it could be on track to reach new all-time highs. Crypto investors and enthusiasts are keeping an eye on its development.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies involves risks and thorough research is recommended before making decisions.