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<p>A recent price surge has set the stage for further gains by Hedera’s native token HBAR, while blockchain domain name service Ethereum Name Service (ENS) scored a partnership that drove its value higher as per Coinpedia’s analysis data from TradingView.</p>
<h2 class="wp-block-heading" id="strong-hbar-strong"><strong>HBAR</strong></h2>
<p>HBAR <a href="https://www.tradingview.com/chart/HBARUSD/yRj8XlOy-Hedera-s-Leap-Toward-0-10-Fueled-by-Saudi-s-DeepTech-Venture/" target="_blank" rel="noopener noreferrer nofollow">jumped</a> 7.79% in a bullish push to break through the 50-day moving average (EMA), positioning it for additional upside. However, demand subsequently waned, sending HBAR into a retest phase of its recent wedge breakout and suggesting some consolidation is ahead before the next advance.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="444" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-1024x444.png" alt="" class="wp-image-434267" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-1024x444.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-300x130.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-767x333.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-1536x667.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-2048x889.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-346x150.png 346w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-807x350.png 807w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250-788x341.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-250.png 1302w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>If HBAR stays above the 50-day EMA going forward, it could climb to $0.091. Then it may reach the coveted $0.10 level. However, though HBAR has briefly spiked toward $0.10 before, it hasn’t set a solid support level. The 200-day EMA poses a potential chance for HBAR to see a bullish turnaround. But so far HBAR hasn’t been able to sustain its push past $0.10 despite inspired rallies at times.</p>
<p>Meanwhile, the immediate resistance posed by the declining 50-day EMA could fuel a tug-of-war between buyers and sellers. However, Hedera’s announcement of a DeepTech Venture Studio in Saudi Arabia as part of a substantial $250 million initiative injects some optimism about HBAR’s path.&nbsp;</p>
<p>In addition, HBAR’s recent movement within a falling wedge hints at an impending bullish breakout, underpinned by a 30% drop that could set the stage for a rebound.</p>
<h2 class="wp-block-heading" id="strong-ens-strong"><strong>ENS</strong></h2>
<p>The Ethereum Name Service token has also regained its footing, <a href="https://www.tradingview.com/chart/ENSUSD/8AeOVNbt-Ethereum-Naming-Service-ENS-Breakout-Rally-A-Leap-Toward-33/" target="_blank" rel="noopener noreferrer nofollow">challenging</a> the key 23.60% Fibonacci retracement level at $23.33. The <a href="https://aboutus.godaddy.net/newsroom/company-news/news-details/2024/GoDaddy-and-Ethereum-Name-Service-Bridge-the-Gap-Between-Domain-Names-and-Crypto-Wallets/default.aspx" target="_blank" rel="noopener noreferrer nofollow">collaboration</a> with GoDaddy and other bullish catalysts in the Ethereum ecosystem are buoying optimism for a significant ENS uptrend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="445" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-1024x445.png" alt="" class="wp-image-434275" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-1024x445.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-768x334.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-1536x668.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-2048x891.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-345x150.png 345w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-805x350.png 805w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251-788x342.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-251.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>If ENS can surmount the $23 barrier, it could embark on an ascent to $33, lifted by market enthusiasm and partnerships. ENS’s staggering 145% market cap expansion over the past seven weeks signals robust investor confidence and momentum.</p>
<p>Moreover, anticipation is building around Ethereum’s <a href="https://x.com/christine_dkim/status/1753091904143552827?s=20" target="_blank" rel="noopener noreferrer nofollow">forthcoming</a> “Dencun” upgrade and the potential ETF launch in May. As an integral component of the Ethereum landscape, ENS stands to benefit from the interconnected bullish sentiment pervading the ecosystem.</p>
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<p>The spike in trading volume accompanying ENS’s price jump underscores this rally’s vigour and engaged investor base. Additionally, ENS’s technical posture hints at a breakout past $23, with indicators like the morning star pattern bolstering bullish expectations. The RSI’s push above the overbought zone signals escalating demand and positive dynamics for ENS.</p>
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<p>The post <a href="https://captainaltcoin.com/hbar-nears-wedge-breakout-following-surge-as-this-other-altcoin-soars-after-deal-with-major-internet-trading-entity/" rel="noopener noreferrer nofollow">HBAR Nears Wedge Breakout Following Surge, As This Other Altcoin Soars After Deal with Major Internet Trading Entity</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

HBAR Nears Wedge Breakout Following Surge, As This Other Altcoin Soars After Deal with Major Internet Trading Entity

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