Hedera (HBAR) Surges on Rising Momentum

Hedera (HBAR) has experienced a recent surge in price, driven in part by anticipation surrounding the potential nomination of board member Brian Brooks as a candidate for U.S. SEC Chair. Additionally, Hedera's involvement in the WISeSat.Space satellite launch with SpaceX is contributing to increased demand.

HBAR Key Statistics

• Current Price: $0.14
• Market Cap: $5.13 billion
• Trading Volume (24h): $3.36 billion
• Circulating Supply: 37.6 billion HBAR
• Total Supply: 50 billion HBAR
• CoinMarketCap Ranking: #26

Technical Analysis

• Resistance Levels: $0.16, $0.18, $0.20
• Support Levels: $0.12, $0.09, $0.06

HBARUSD - Daily Chart

HBAR has recently broken above the upper Bollinger Band, reflecting bullish momentum. It is currently trading around $0.14, facing immediate resistance at $0.16. The MACD indicator suggests sustained bullish sentiment. Potential targets include $0.18 and $0.20 if the momentum continues. Support levels exist at $0.12, $0.09, and $0.06.

HBARBTC - Daily Chart

HBAR/BTC is also showing bullish momentum, with prices breaking above the upper Bollinger Band. After reaching a high of 0.00000198, the price has pulled back to 0.00000154. A bullish MACD crossover supports the upward trend. Support levels include 0.00000135, 0.00000120, and 0.00000088.

Hedera's Meteoric Rise

• Brian Brooks' Nomination: Former President Trump's nomination of Brooks, a Hedera board member, as a candidate for SEC Chair has sparked enthusiasm among HBAR supporters.
• Strategic Partnerships: Hedera's alliances with the Nairobi Securities Exchange and Kenya's principal securities exchange are fueling momentum.
• WISeSat.Space Mission: Hedera's technology will support the WISeSat.Space satellite launch in January 2025, a pioneering mission with SpaceX to enable direct space-based exchange.

Alternative to HBAR

Pepe Unchained ($PEPU)

Pepe Unchained, an Ethereum-based Layer 2 scaling solution, has gained attention with its recent presale success and developer grant program. It addresses scalability limitations while maintaining security, offering potential growth in the Pepe ecosystem.