Crypto Market Movers
By Sakamoto Nashi
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Hedera Hits Five-Month High as Bulls Target $0.32. Hedera is up nearly 4% on Friday, extending its 17% rally from the previous day.
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Flare Maintains Momentum After Breakout, Eyes $0.02750. Flare continues its upward climb, rising 3% on Friday after a massive 16% gain the previous day.
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Ripple Climbs Higher as Price Discovery Continues. Ripple (XRP) has also joined the rally, gaining more than 3% on Friday and extending its 14% surge…
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Market Outlook. The current altcoin rally led by Hedera, Flare, and Ripple showcases a renewed appetite for risk…
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Hedera (HBAR), Flare (FLR), and Ripple (XRP) are leading the altcoin rally with strong double-digit gains as the broader crypto market shows renewed bullish momentum.
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Hedera is up nearly 4% on Friday, extending its 17% rally from the previous day. The cryptocurrency hit a five-month high around the $0.
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Technical indicators support the bullish case. The 50-day and 200-day Exponential Moving Averages (EMAs) are on the verge of forming a Golden Cross — a signal often interpreted…
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However, the Relative Strength Index (RSI) has reached 85, indicating overbought territory. While this confirms strong buying pressure, it also suggests caution, as price…
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Beyond technicals, Hedera’s fundamentals are improving as well. The network's Total Value Locked (TVL) — the amount of assets deposited into its DeFi ecosystem — has surged to…
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On the downside, any pullback below the $0.26 level could trigger a deeper correction toward $0.22, aligning with the support marked by the May 12 high.
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With continued momentum, the next target for bulls lies near the 78.6% Fibonacci level at $0.02750.
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If prices pull back, the key level to watch is the $0.01982 breakout area. A failure to hold this level could result in a retest of the 200-day EMA at $0.
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Based on the current momentum, bulls are targeting the 1.272 Fibonacci extension level at $3.88. This level is calculated from the January 16 high of $3.
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The MACD shows rising green histogram bars, further supporting the bullish narrative. Meanwhile, the RSI has jumped to 89, indicating extremely overbought conditions.
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Despite the overbought signals, XRP appears well-positioned as long as broader market momentum continues and Bitcoin maintains its strength above $120,000.
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