Haro -smoking Hedera rose by 22% today when investors responded to his growing role in Nvidia’s efforts to improve verifiable data integrity for AI systems.
The excitement began after Anthony Rong, regional vice president of Engineering at Nvidia, a after On LinkedIn who emphasizes how the two teams work together to bring AI and Blockchain closer.
According to Rong, Hedera’s public ledger, known as fast, safe and energy efficient, could play a key role in building trust in AI. The idea is to use Hedera to verify data generated in real time, which becomes more important as AI spreads over industries such as health care, finance, supply chains and autonomous vehicles.
He explained that Hedera makes it easy to keep track of the origin of data, to reduce wrong information, errors and fraud in AI systems. Moreover, the use of low energy consumption is in accordance with the urge of Nvidia for sustainable, powerful technology.
The news sent Hedera (HBAR) on 8 April to an intraday height of $ 0.158 and lifted his market capitalization above $ 6.6 billion. The daily trading volume also increased more than 53%and at the top $ 551 million.
The Bullish sentiment around the AI-blockchain partnership also overlaped other major players in the AI Cryptocurrency sector, with tokens such as Bittensor (TAO), Render (Render), grass (grass) and Beldex (BDX) with a strong win between 11-14%.
By adding fuel to the rally, the Hashgraph Group, an important Backer from Hedera, announced a new investment in the Indian Agritech company Agnext Technologies. The move brings Hedera’s blockchain to AI-driven agri solutions, which are aimed at improving trust and traceability in the food supply chain.
HBAR -Price analysis
On the 1-day USDT price diagram, the HBar price is currently testing the upper limit of a falling wig pattern it had formed since the beginning of March. In technical analysis, an outbreak of such a pattern leads to more persistent profits.
However, the Bist-Bear Power (GDP) indicator, also known as the Elder-Ray Index, has been pointing under the Nulline line since 2 March, pointing to the continued bearish.
This indicator follows the strength of buyers versus sellers and remains in negative territory signals that the sellers still have the upper hand.
Moreover, the Aroon Down is 92.86%, while the Aroon is up at 0%, which means that the sales pressure is clearly outweighing any purchase activity at the moment.
Although the indicators signal that bears are still under control, some analysts believe that a reversal could brew if the key levels apply.
According to crypto analyst Sunovam, who shared a weekly graph of the HBAR price action, earlier rallies have followed a well-known cycle: a parabolic run-up, a correction of 60-65% and then a period of consolidation for another large leg.
The current set -up is creepy comparable, with HBAR now falling more than 58% compared to his recent peak and approaching historical support zones.
But for the Bullish Case to play, the price must retain, according to the analyst, above the range of $ 0.14 – $ 0.15. Losing that level can drag it back to the $ 0.10 region.
The MACD is also approaching a potential crossover on the weekly graph, but it has not yet turned bullish, which means that the momentum is not entirely on the side of the bulls.
If buyers can reclaim $ 0.20 and penetrate $ 0.25, this can confirm the start of another rally phase, especially with the AI story that is heated.
That said, the next direction of Hbar will also depend strongly on the wider cryptomarket. The performance of Bitcoin continues to act as the most important barometer for Altcoin power. If BTC holds steady or meet meetings, this can create the right environment for HBAR and other AI -Tokens to shine.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
