Hedera (HBAR) has seen a significant surge, increasing by more than 17% in the past 24 hours and currently trading around $0.21. This impressive jump is fueled by surging trading volumes exceeding 349%, reaching $882.87 million according to CMC data. The crypto market shows a mixed sentiment, with Bitcoin at $114,400 and the Fear and Greed Index currently sitting at 42. 17% of HBAR’s rise has been in just the last few hours. While it began trading at a low of $0.1766, it’s currently trading near $0.2191, testing levels between $0.1773 and $0.2184. 24-hour trading volume has exploded more than 349%, reaching $882.87 million. The rise in price could further solidify the bullish outlook, potentially pushing it past resistance at the $0.2142 level. A golden cross of the Moving Average Convergence Divergence (MACD) line signals an upward trend as its momentum shifts. Meanwhile, the Chaikin Money Flow (CMF) indicator at 0.39 indicates strong buying pressure in the asset, potentially driving further gains. Technical analysis suggests potential for further price increases, although a pullback or correction is also possible. The daily RSI is at 86.42, indicating an overbought market and a potential correction. Further observations of Hedera’s Bull Bear Power (BBP) value of 0.04590 suggest the bullish momentum slightly outweighs bearish pressure.