506% surge, with notable resistance: Hedera (HBAR) has seen a significant 506% price increase in the past 30 days, aiming to reach a market cap close to 12 billion USD. Despite this impressive gain, resistance points are emerging, indicating a potential slowing within the bullish trajectory.
Trend indications through ADX and Ichimoku: The average directional index (ADX) has dipped to 24.2 from its 0.39 HIGH, signaling reduced trend strength. Current price action stays above the Ichimoku Cloud, supporting a bullish sentiment. However, a slip below this cloud could shift the momentum towards a bearish outlook.
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