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

At the time of publication, the trading price of HBAR was $0.239, an increase of approximately 40% over the past seven days, with a market value of around $10.2 billion.

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

The prediction model is based on a multi-indicator framework, considering the convergence and divergence of the moving average (MACD), the relative strength index (RSI), the stochastic oscillator, the MACD slope, and the 50-day simple moving average (SMA).

As evident from the charts, although the $HBAR indicator is on a general upward trend, the picture becomes clearer when considering the technical indicators.

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.

Furthermore, the seven-day relative strength index is approaching 83.4, which is well above the overbought threshold.

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

Finally, the fifty-day simple moving average for the HBAR indicator appears to be trending upwards after a long period of decline. This indicates an upward bias, as the current price is significantly above the average simple moving average of 0.167.

HBAR Trading Volume

Meanwhile, Hedera's trading volume over the past 24 hours has decreased by 15% to $749 million, according to CoinMarketCap data, although the open trading volume 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 growth.

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

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