Hedera ($HBAR ) has achieved a series of gains over the week, largely driven by institutional adoption and partnerships that have helped it rank fourteenth among the largest cryptocurrencies as of July 13.

At the time of publication, the trading price of HBAR was $0.239, up nearly 40% over the past seven days, with a market capitalization of about $10.2 billion.

According to Finbold's AI price forecasting model, the price of $HBAR is expected to reach $0.250 by July 31 (an increase of 4.44% from the current price).

The forecasting model relied on a multi-indicator framework, considering the convergence and divergence of the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Stochastic Oscillator, MACD slope, and the 50-day Simple Moving Average (SMA).

As evidenced by the charts, although the $HBAR indicator is on a general upward trend, the picture becomes clearer when technical indicators are taken into account.

The MACD indicator is at +0.0092, and both the MACD and signal line are still rising. However, the MACD curve has started to flatten, indicating a potential slowdown in upward momentum.

Moreover, the seven-day Relative Strength Index is approaching the level of 83.4, which is well above the overbought threshold.

Similarly, the Stochastic indicator is in the 80-82 range, indicating a potential price correction or consolidation. A bearish crossover is already forming.

Finally, the 50-day Simple Moving Average for the HBAR indicator appears to be trending upwards after a long period of decline. This indicates a bullish tendency, as the current price is significantly above the average simple moving average of 0.167.

HBAR Trading Volume

Meanwhile, the trading volume of Hedera over the past 24 hours decreased by 15% to $749 million, according to CoinMarketCap data, even though the open interest in derivatives remains high at $450 million, indicating continued speculative interest.

In addition to the aforementioned technical indicators, this suggests that the expected price of AI at $0.250 represents cautious optimism and modest gains.

This means that the rise of #HBAR and its recent performance compared to peers indicate continued growth potential, although mixed technical signals suggest a possible trend reversal as well.

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