$HBAR is stealing the show today with a 30% surge that pushed it past $0.12 while the rest of the market looks shaky. This move follows news that Hedera Council members are part of the new NVIDIA Open Agent Safety Platform. Seeing names like Accenture and EQTY Lab linked to a major AI initiative from NVIDIA has triggered a lot of buying interest. It is not just about AI though. IBM recently listed the IDTrust platform on its cloud catalog which gives enterprises easier access to Hedera identity infrastructure.
I am also watching the technical side where things look very stretched. The daily RSI has hit 81 and the price is trading well outside the upper Bollinger Band. Trading volume spiked over 700% in a single day which usually signals a very strong trend shift. Hedera also joined the UK Wholesale Digital Markets Taskforce and contributed its Cross-Ledger Protocol to the Linux Foundation. This adds to the institutional narrative that has kept HBAR green while $BTC struggled to hold its gains.
My take is that the news is heavily bullish but the technicals suggest we might need a breather soon. We saw over $310,000 in short liquidations which fueled the quick move toward $0.13. I am keeping a close eye on the $0.135 resistance level. If we cannot clear that, a pullback to the $0.113 area seems likely. The trend is clearly up but entering right here after such a vertical move is risky. I want to see if support at $0.107 holds on any retracement. đ
$ETH
I am also watching the technical side where things look very stretched. The daily RSI has hit 81 and the price is trading well outside the upper Bollinger Band. Trading volume spiked over 700% in a single day which usually signals a very strong trend shift. Hedera also joined the UK Wholesale Digital Markets Taskforce and contributed its Cross-Ledger Protocol to the Linux Foundation. This adds to the institutional narrative that has kept HBAR green while $BTC struggled to hold its gains.
My take is that the news is heavily bullish but the technicals suggest we might need a breather soon. We saw over $310,000 in short liquidations which fueled the quick move toward $0.13. I am keeping a close eye on the $0.135 resistance level. If we cannot clear that, a pullback to the $0.113 area seems likely. The trend is clearly up but entering right here after such a vertical move is risky. I want to see if support at $0.107 holds on any retracement. đ
$ETH
