Hedera Hashgraph (HBAR) and Harmony (ONE) have surged significantly in recent trading sessions, showcasing impressive gains following notable breakouts. As highlighted by Captain Faibik, an analyst, HBAR has seen an astounding rise of 160% since its breakout. This surge in price has garnered significant attention from investors, prompting a closer look at the current state of these assets.
Today, Hedera’s live price stands at $0.134829, with a 24-hour trading volume reaching $238,132,139. The token has experienced a remarkable uptrend, climbing by 9.75% in the last 24 hours. As Captain Faibik further noted, Harmony has surged by 60% since its breakout, with the live price sitting at $0.034335, with a 24-hour trading volume of $39,648,373, marking a 7.87% increase over the same period. These impressive gains indicate a bullish sentiment surrounding both HBAR and ONE.
Analyzing the technical indicators, the 1-Day Relative Strength Index (RSI) for HBAR reads 73.97, suggesting potential overbought conditions in the short term. However, the 1-Day Know Sure Thing (KST) indicator indicates strong price momentum, likely to persist in the near future. Additionally, the 1-day Moving Average Convergence Divergence (MACD) signals a bullish trend, further supporting the upward momentum of HBAR.
On the other hand, Harmony’s 1-Day RSI stands at 78.64, indicating a similar possibility of overbought conditions in the short term. Nevertheless, the 1-day Moving Averages (100 EMA and 200 EMA) suggest short-term solid momentum with a potential for correction. Moreover, the 1-Day MACD, positioned above the signal line, reinforces the bullish momentum for Harmony.
Despite the overbought signals from the RSI for both tokens, the bullish momentum indicated by the MACD and strong price momentum suggested by the KST for HBAR hint at further potential upside. Conversely, while Harmony’s short-term momentum remains robust, caution may be warranted due to the possibility of a correction indicated by the 100 EMA and 200 EMA.
