Hedera Eyes $0.12 As Market Cap Holds Above $4.2 Billion

Hedera is trading near the $0.10 level as price action narrows down in the lower timeframes. Market capitalization remains above $4.2 billion, while volume stay steady as buyers apppears selective, and voltality decrease in the recent sessions.

HBAR Price Improves By 6% As The Market Cap Revives Itself

Recent data indicates the coin is currently valued at $0.09942 with an up surge of 6.29 % in the last 24 hours. The market capitalization is about $4.27 billion. Market cap is unlocked at about $4.7 billion and fully diluted valuation of the market is approximately $4.97 billion dollars.

Twenty four hour trading volume of CoinMarketCap is approximately $87.88M. The cap ratio of volume to market is approximately 2.04% that shows moderate activity.

Circulating supply is recorded to be 43 billion HBAR, while total maximum supply is at $50 billion tokens.

The new move increased the price above the $0.093 level to $0.099. The action indicates the short run strength, but the asset is lower than the resistance levels that were previously observed. During the recent trading, buyers intervened and market cap increased with price.

Price action is recovering gradually, not growing speedily. The trend continues to keep within a wider range of consolidation. The activity implies participative engagement and not dominating in the positioning.

Trading Activity Reflects Consolidation Near $0.10

On the one hand, based on market data, Hedera is trading at $0.09975,with an up of 6.92% in the past 24 hours. Daily movement is within a range of $0.09320 and $0.09979. Data is estimated to have its market capitalization at $4.29 billion with volume being under $81.95 million.

BraveNewCoin data remain steady, as it consists of $43.00 billion tokens in circulation. The highest point of the asset was in September 2021 when it was valued at $0.57. The token is currently over 82% below that peak.

A balance between supply and demand implies consolidation around the area of $ 0.09. To maintain a long-term rally up to $0.12, volume would probably have to grow in tandem with change in price.

Technical Indicators Show Gradual Momentum Shift

Conversely, the technical chart of daily value showed that its market capitalization closed at an order of over $4.29 billion having increased by more than 5%. The highest near was recorded at $4.3 billion and low was at $4.08 billion. Volume was around $84.44 million.

At press time, MACD indicator on TradingView demonstrates increasing momentum. The histogram has become positive and the MACD line is on the brink of crossing the signal line. This is indicative of a reduction in bearish pressure, but the momentum is fair.

Chaikin Money Flow indicator has been placed around 0.14 resulting in weak capital inflows. The indicator has crossed beyond the neutral line, and it is showing that buying activity is a bit stronger as compared to the selling pressure.

Although these have been improved, the larger framework is still in a state of recovery. Price has been selling at levels that are still lower than the earlier significant highs, and the resistance levels are still there. An extended upward movement beyond the recent highs would enhance the upside arrangement, whereas the continued consolidation will maintain the asset in the present range.