Hedera (HBAR) has surged more than 6% in the last 24 hours, bringing its market cap to $10.6 billion. With its price up nearly 30% over the past week, HBAR stands out as one of the top-performing altcoins among the largest in the market.

This strong rally has pushed key technical indicators into bullish territory, with BBTrend reaching its highest level in over a month and the Ichimoku Cloud structure showing sustained upward momentum. If HBAR maintains this strength, it could soon test critical resistance levels, with the potential to surpass $0.35 in March.

Hedera BBTrend Is On Its Highest Levels In More Than a Month

Hedera BBTrend is currently at 18.15, maintaining a positive stance for over a day. Earlier today, it reached a peak of 21.3, marking its highest level since late January.

While it has pulled back slightly from that peak, the indicator remains elevated, suggesting that the recent uptrend is still intact.

This sustained positivity in BBTrend indicates strong directional momentum in HBAR’s price action, aligning with broader market trends.

BBTrend, or Bollinger Band Trend, is a technical indicator that measures trend strength based on the relationship between price and Bollinger Bands. When BBTrend is positive, it suggests that the price is trading in the upper portion of the Bollinger Bands, often signaling an ongoing bullish trend.

In HBAR’s case, the current level of 18.15 – while lower than its earlier peak of 21.3 – still reflects a strong upward bias. If this trend remains elevated, it could indicate continued bullish momentum for HBAR, but the slight pullback from 21.3 suggests some moderation in buying pressure.

Whether this leads to consolidation or further upside will depend on market follow-through and broader sentiment shifts.

HBAR Ichimoku Cloud Shows a Bullish Setup

According to the Ichimoku Cloud, Hedera is currently positioned in a bullish structure. The price is trending above the blue conversion line and the red baseline, indicating short-term bullish momentum.

The green leading span A is sloping upward, while the orange leading span B remains relatively steady, forming an ascending cloud that suggests growing support. Additionally, the lagging span (green line) is above the price from 26 periods ago, reinforcing the strength of the ongoing trend.

However, the price is consolidating just above the red baseline, signaling a potential decision point between continuation or a short-term pullback.

The Ichimoku Cloud provides a multi-faceted view of trend direction and key support-resistance zones. When the price is above the cloud, it signals a dominant bullish trend, while movement below would indicate a shift in sentiment.

The current positioning above both the blue conversion line and red baseline suggests that bullish momentum is intact. If the price maintains this structure, further upside could be expected, especially as the green leading span A continues to rise.

However, a drop below the red baseline would indicate weakening momentum, potentially leading to a test of the cloud’s support region. The thickness of the cloud ahead suggests a moderate support zone, meaning any pullback would face resistance before shifting the overall trend.

Hedera (HBAR) Could Surpass $0.35 In March

Hedera EMA lines indicate a bullish trend, with a golden cross forming yesterday and the possibility of another one soon. A golden cross occurs when a shorter-term EMA crosses above a longer-term EMA, signaling strong upward momentum.

If this setup continues, HBAR could test the next resistance at $0.28. A breakout above this level could open the path for a move toward $0.322.

If buying pressure intensifies and Hedera price regains the strong uptrend seen in previous months, it could push further to test $0.35 and $0.37. In an extended rally, HBAR might even rise above $0.40 for the first time since November 2021, marking a significant recovery.

On the other hand, if the uptrend fails to materialize, HBAR could face a retest of the $0.24 support level.

Losing this support would indicate a weakening structure, potentially leading to a decline toward $0.213.

If bearish momentum intensifies and buying interest does not return, Hedera could drop further to $0.177, testing deeper support zones.

Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001. This outlook comes after a particularly challenging week for the entire crypto market, during which PEPE extended its losses and dropped to its lowest price point in months.

This Level To Trigger 400% Move For PEPE

Technical analysis shows that PEPE’s upward trajectory hinges on a bounce at support around $0.00000650. This interesting analysis was highlighted by a crypto analyst on the TradingView platform using the PEPE weekly candlestick timeframe chart. 

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This support level comes into play in light of PEPE’s extended decline since the beginning of the year. Interestingly, technical analysis shows that the decline looks like a repeating pattern of the meme coin’s price action in 2024. The ongoing correction stems from PEPE’s peak price of $0.00002803 in December 2024, which the analyst termed the third drive. Notably, earlier first and second drives in 2024 were also each accompanied by a correction phase after rallies.

Interestingly, the meme coin has shown signs of life in the past 24 hours with a push above this support level and climbing into the $0.000007 range. However, the uptrend could not be defined yet, and the crypto analyst noted that any uptrend will depend on how PEPE reacts with a crucial resistance zone between $0.00001150 and $0.00001200. 

This level has previously acted as support but has now turned into resistance. Therefore, a weekly close above this zone would confirm a bullish breakout and a potential trend reversal from bearish to bullish.

Price Targets If The Meme Coin Breaks Above Resistance

A break above $0.00001200 would cement a breakout with more momentum for PEPE. Such a breakout would mark the first bullish catalyst in a while, confirm momentum, and lead to increased buy-side pressure with an aggressive upward move. From here, the next resistance levels are projected to be around $0.00001700 to $0.00002200. A move to $0.00002200 will most likely cascade into more momentum above its current all-time high of $0.00002803. 

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The analyst further predicted a price target of $0.0001, provided the bullish momentum sustains itself. However, failure to close above the key resistance level at $0.00001200 could result in a continued downtrend, with PEPE possibly retesting lower support zones around $0.00000650 to $0.00000550.

At the time of writing, PEPE is trading at $0.000007239, up by 4.4% in the past 24 hours. PEPE’s ability to sustain such an upward trajectory would depend on broader market conditions for Bitcoin and other large market cap cryptocurrencies.

Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin (BTC) surged nearly 8% on Wednesday, reclaiming levels above $90,000 after briefly dropping below $80,000 five days ago. This sharp recovery signals renewed bullish momentum as investors react to speculation surrounding Trump’s proposed US crypto reserve plan.

Key technical indicators, such as the DMI and Ichimoku Cloud, suggest that buyers have regained control. Whether BTC can sustain this momentum and push toward $100,000 or face renewed volatility depends largely on upcoming market developments, including the White House Crypto Summit.

Bitcoin DMI Shows Buyers Have Reclaimed Control

Bitcoin’s Directional Movement Index (DMI) shows that the ADX has fallen to 17.5, down significantly from 27.6 just two days ago. A declining ADX indicates weakening trend strength, meaning that the previous downtrend has lost momentum.

At the same time, the +DI has risen to 27.9 from 17.7 yesterday, while the -DI has dropped from 30.5 to 20.5. This shift suggests that bullish momentum is increasing while selling pressure is fading.

Bitcoin is currently attempting to transition from a downtrend to an uptrend, and these movements in the DMI lines indicate that buyers are starting to gain control.

ADX, or the Average Directional Index, measures trend strength rather than direction. Values above 25 typically signal a strong trend, while values below 20 indicate a weak or indecisive market.

With ADX now at 17.5, Bitcoin’s current price action lacks strong trend confirmation, making its next move critical.

However, the rising +DI and falling -DI suggest that bullish pressure is increasing. If ADX starts rising again alongside a widening gap between +DI and -DI in favor of buyers, Bitcoin could establish a new uptrend.

Conversely, if ADX remains low, price action may stay choppy, lacking the strength needed for a decisive breakout.

BTC Ichimoku Cloud Shows a Shift In Momentum

Bitcoin’s Ichimoku Cloud structure suggests a potential shift in momentum as the price moves above key levels. The price has recently broken above the red baseline, indicating growing bullish pressure. However, it is still interacting with the cloud, which represents a zone of uncertainty where trends often get tested.

The green leading span A is beginning to slope upward. In contrast, the orange leading span B remains relatively flat, showing that the cloud ahead is transitioning into a possible support area.

Additionally, the lagging span (green line) is approaching price action from 26 periods ago, suggesting that Bitcoin is determining whether this breakout has enough strength to continue.

The Ichimoku Cloud is a dynamic indicator that highlights trend direction, momentum, and key support and resistance zones. A decisive move above the cloud would confirm a stronger bullish trend, allowing Bitcoin to establish a more defined uptrend.

However, if the price fails to hold above the red baseline and re-enters the cloud, it could indicate a period of consolidation or even a retest of lower levels.

The current setup suggests that Bitcoin is at a critical point. Continued momentum could lead to a breakout, but hesitation near the cloud could result in sideways movement before a clearer trend emerges.

How Will Bitcoin React After the White House Crypto Summit?

Bitcoin has reclaimed the $90,000 level as speculation grows over potential special treatment in Trump’s proposed US crypto reserve plan.

This renewed bullish momentum puts BTC in a position to test key resistance at $94,833. A breakout above this level could potentially lead to a rally toward $99,472.

If bullish sentiment continues to build, Bitcoin could surpass $100,000 for the first time since February 3, marking a significant milestone.

The overall trend will depend on whether buying pressure remains strong enough to sustain the current momentum and push past these critical levels.

However, Bitcoin’s recent price action has been highly volatile, with strong swings in both directions over the past few weeks.

Market uncertainty surrounding the upcoming White House Crypto Summit on March 7 adds further risk, as any developments that fall short of investor expectations could trigger a renewed downtrend.

If bearish pressure intensifies, BTC could face a sharp decline, potentially dropping as low as $78,179.