Hedera Price Prediction: HBAR Soars 38% as Trump Nominates Brian Brooks for SEC Chair, And Analysts Say Consider Buying This New ICO With 885% APY
The Hedera price soared 38% in the last 24 hours to trade at $0.142 as of 02:27 a.m. EST on trading volume that skyrocketed 112% to $3.36 billion. This comes as Donald Trump nominated Brian Brooks, a former Binance CEO and board member of the Hedera Foundation, to be the next U.S. Securities and Exchange Commission (SEC) chair. Brooks has been a prominent figure in the crypto industry, and has a strong background in financial regulations. Hedera Price Could Continue Soaring The Hedera price has experienced a parabolic rise, breaking out of a previously sideways phase within the $0.056 level, according to data from GeckoTerminal. HBAR now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the sustained bullish trend. The Relative Strength Index (RSI) above 70, currently at 73, indicates the asset is in the overbought zone. This suggests the bullish momentum might slow down or lead to a temporary correction as traders take profit. Additionally,...