Hedera (HBAR) bulls take charge as prices rise 12%

• The price of Hedera (HBAR) has grown to 12.51% in the last 24 hours.
• The altcoin's daily trading volume has shown a 41.91% increase according to CMC data.

The altcoin sector has surprised the crypto community in the past day with a huge increase. At the same time, Bitcoin went down to the $94K level as investors expected to see a price recovery. At the same time, recent activity by North Korean hackers has caused a stir, while the US FBI found a link to a crypto scam in the past.

Returning to the altcoin sector, Hedera has shown a significant increase in the past day. After several days of bearish performances, HBAR price is showing an increase of 12.51%. In the Asian evening hours on December 23, the altcoin was trading at a low of $0.2688.

However, after this, it showed a continuous upward trend and reached current levels. At the time of writing, HBAR was trading at $0.3017 according to CMC data. Additionally, Hedera hit a 10-day high of $0.3043 in the last 24 hours.

Second, its weekly chart shows about 6% on the positive end (price increase). This is the result of more changes in the past seven days. During the recent market crash, Bitcoin's drop to the $90K range and other factors are reflected in HBAR's price actions.

Will the price of HBAR maintain the recent increase?

Including, its technical indicators suggest a positive prediction for the price of HBAR. Its Average Directional Index (ADX) is at 38.83 which indicates a very strong trend. This would mean that HBAR can be expected to maintain the positive trend and stage bull run in the coming days.

Meanwhile, the volatility of the cryptocurrency seems to be high as its RVI value is 63.67 according to TradingView data. In terms of bullish nutrition, HBAR may need to maintain its volatility for prices to move higher. Finally, in terms of a bull run, it can be expected to face $0.3061 and $0.3418.

Other major altcoins such as SUI and XRP have also shown a positive trend in the market in the past day.

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