Hedera's HBAR coin has been a topic of interest in recent days, with its price surging by 12% in a single day. This significant increase has led many analysts to take notice, but the question remains whether this is a sustainable rebound rally or just a bull trap.
One of the key indicators being watched is HBAR's SuperTrend Meter, which has recently turned bullish. However, other metrics such as the Chaikin Money Flow (CMF) are still flashing negative figures, indicating that crypto whales may be dominated by sellers.
The Bollinger Bands on HBAR's chart show the altcoin trading above its mid-tier band at $0.092, but it remains to be seen whether it can sustain above the highest-tier band at $0.094. If successful, this would provide significant confirmation of the bullish case and potentially lead to further price increases.