Hedera (HBAR) price has surged significantly, reaching its highest levels in three years this December while attempting to reclaim its $12 billion market cap.

Over the past 30 days, HBAR has risen an impressive 121%, driven by strong bullish momentum and key technical patterns like the recent golden cross. Indicators such as the ADX and Ichimoku Cloud suggest a strengthening uptrend, with buyers maintaining control and the potential for further gains.

Hedera Current Uptrend is Getting Stronger

HBAR Average Directional Index (ADX) currently stands at 29.35, marking a significant rise from 15 just two days ago. This sharp increase reflects strengthening trend momentum, confirming that the current uptrend is gaining traction.

The rise in ADX indicates that HBAR price recent bullish action is supported by a solid trend. That suggest that buyers are firmly in control of the market.

ADX is a widely used trend strength indicator that measures the intensity of a trend without specifying its direction, on a scale from 0 to 100. Values below 20 suggest a weak or absent trend, while values above 25 indicate a strong trend.

With HBAR’s ADX at 29.35, the token’s ongoing uptrend is considered strong. That implies the potential for continued upward movement in the short term.

Ichimoku Cloud Shows a Bullish Scenario for Hedera

The Ichimoku Cloud chart for Hedera shows a strengthening bullish trend. The price has broken above the cloud (green and red shaded areas), signaling positive momentum.

The blue conversion line (Tenkan-sen) remains above the red baseline (Kijun-sen), further confirming the bullish sentiment. This alignment ind

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Author: Tiago Amaral