Hedera [HBAR] defies market trend – All you need to know about altcoin’s 27% hike! – BitRss

• HBAR ($0.25)’s 10% hike was contrary to the broader market’s pullback
• If bullish sentiment continues to prevail, HBAR could head to $0.25

While most of the crypto market saw a slight pullback during the last trading session, Hedera [HBAR] emerged as one of the few assets maintaining its upward trajectory. Over the last 24 hours alone, HBAR gained significant traction by climbing by 27% on the charts. All while other altcoins struggled to hold their positions. 

HBAR’s price action – Sustained gains in a weak market

HBAR’s latest price movement highlighted its strength against the broader market’s downturn. At the time of writing, it was trading at $0.235, having surged past resistance levels that had previously limited its upside. 

This bullish push seemed to be in line with a break above the 50-day moving average – A signal often associated with further gains when supported by rising trading volume.