Hedera is trading above key EMAs, signaling strong bullish momentum with a 153% upside potential.
An analyst highlights HBAR’s breakout setup, outperforming others below EMA233 with five green daily candles.
Hedera (HBAR) has once again captured attention, with the token surging 14.25% in the past 24 hours. Its trading volume has also surged nearly 60% to $875 million. This surge is said to be driven not only by retail investors but also by institutional investor participation.
Interestingly, according to crypto analyst Master Ananda, this is just the beginning. He stated that Hedera has a very strong technical structure and could rise more than 153% from its current position.
Three EMA Signals Put HBAR in a Bullish Spotlight
According to Ananda, HBAR is currently trading above three important Exponential Moving Averages: the 55 EMA, the 89 EMA, and the 233 EMA. The token has posted green candles for five consecutive days. This gives it an edge over other assets still stuck below
