Price Analysis View Non-AMP

HBAR’s BlackRock Rollercoaster: 100% Surge, 47% Plunge, What’s Next?

Published by
Elena R

The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock’s ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor.

This resulted in a significant increase in the selling pressure for the altcoin in the market. Despite a correction of approximately 50%, the HBAR price is presently trading with a daily gain of 51.63% in valuation. Moreover, the altcoin has successfully claimed a spot in the top 25 cryptocurrencies.

Hedera Token Records A Pump And Dump Situation Today!

The Hedera price displayed a bearish price sentiment for the first month, indicating a weak buying pressure in the crypto market. However, as the volatility increased, the bulls successfully broke out of the resistance level and jumped 105% in valuation before facing rejection at $0.139.

After displaying a sideways trend for a while, the bulls lost momentum, resulting in the price losing 44.38% in its portfolio. Recently, the bulls recorded a significant jump of over 100% within hours and recorded a high of $0.180. Since then, the price has experienced increased selling pressure.

The Relative Strength Index (RSI) surpassed the overbought range, indicating a strong bullish price action in the market. However, the price recorded a sharp fall, indicating a mixed sentiment in the crypto space.

Also Check Out : Solana Memecoin Bull Run Begins: Bonk, Pepe And dogwifhat Record Nearly 40% Gain

Will HBAR Price Ever Go Up?

If the market holds the price above the support level of $0.139, the bulls will regain momentum and test its resistance level of $0.160. Maintaining the price at that level will set the stage for Hedera price to attempt to retest its upper high of $0.180 in the coming time.

Conversely, if the bulls fail to regain momentum, the HBAR price will continue trading under a bearish influence and prepare to test its lower support level of $0.120.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin’s (BTC) Price Prediction and Why Ruvi AI (RUVI) Is The Most Promising Project in 2025?

Bitcoin is once again captivating the world of finance. The cryptocurrency recently surged to $95,000,…

April 28, 2025

Start Exploring Pigdom With A Surprise From The King Pig-The $KOPS ICO Is Fast Approaching

The memecoin market is always chaotic and holds lots of hidden surprises. Yet, many traders…

April 28, 2025

Bitcoin Price Prediction-Here’s What’s Incoming for the BTC Price Rally This Week

The crypto markets are displaying significant strength since the early trading hours, with the prices…

April 28, 2025

Supra Unveils AutoFi and SupraNova to Transform Cross-Chain DeFi

According to Supra, the future of DeFi is omnichain and fully interoperable, because therein lie…

April 28, 2025

This $0.025 Token Is on Track for a 3400% Run, According to Market Analysts

In a crypto market where many tokens are competing for visibility, only a few stand…

April 28, 2025

Here’s When Altcoins Will Rally

Crypto markets started the week with a bullish tone on Monday, with Bitcoin trading above…

April 28, 2025