The Hedera Crypto surpassed the 20 day EMA and continued to thrust higher on Monday. The HBAR price was trading close to $0.121, recording a significant intraday development of 4.15%.
The Hedera Crypto extended gains on the third consecutive day and trades near the weekly highs. The bulls have added over 4.15% in Intraday and might show more gains by the end of the session.
The daily chart shows that the HBAR price retraced the 50 day exponential moving average and surged higher. The bulls established themselves near the 50 day EMA and $0.099 level after which the price took a rebound.
The long term trend favors the bullish side as the crypto is headed towards north forming lower highs and higher higher. The short term trend seemed to be weakening after the recent price drop. However, the heavy buying volume inflow from the lower levels triggered a trend reversal and the crypto resumed its way to conquer highs again
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