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Yahoo
3 days ago
- Business
- Yahoo
HBAR Surges 12% Following Robinhood Listing, Making it Top Daily Gainer Among Top 20
Hedera's HBAR token surged nearly 12% on Friday, climbing to $0.2657 and outperforming every other top-20 cryptocurrency by daily percentage gain, according to CoinDesk Data. The rally followed an announcement by popular trading platform Robinhood that it had added support for the asset, increasing its exposure to a broad base of U.S. retail investors. The listing sent HBAR trading volumes sharply higher, with a mid-day breakout around 12:00 UTC on July 25 pushing prices through the $0.26 mark amid more than 713 million tokens traded in a single hour. That move established the $0.26 zone as near-term resistance, though the token continued to show strong upward momentum into Saturday. Hedera, unlike traditional blockchains, operates on a unique hashgraph consensus model that allows for high-speed, low-cost transactions at scale. It is designed to support decentralized applications, NFTs, and DeFi, and is widely known for its energy efficiency. The network's native token, HBAR, is used to pay for network services, stake for security, and incentivize node participation. One analyst believe HBAR could have more room to run. On Friday, crypto analyst ChartNerd said on X that HBAR could be setting up for a major move higher — but only if it clears a key technical hurdle. Specifically, he pointed to a resistance level near $0.35, which he said aligns with something called the Supertrend indicator — a commonly used tool that helps traders identify when an asset may switch from a downtrend to an uptrend. According to ChartNerd, if HBAR can close above that level with strong momentum, the token could enter what traders call 'price discovery' — a stage where there are no prior highs to act as barriers. He cited Fibonacci extension levels, which are often used to estimate future price targets during strong uptrends, suggesting that HBAR could potentially rise to $1.26 or even $3.30 in a bullish scenario. Technical Analysis Highlights According to CoinDesk Research's technical analysis data model, HBAR rose from $0.24 to $0.27 over the 24-hour period ending July 26 at 06:00 UTC, gaining nearly 12% on the day. The sharpest move happened around midday Friday, when a large spike in trading volume pushed prices above $0.26. After hitting that level, the token briefly pulled back, suggesting that $0.26 may act as a short-term ceiling. Support held firm around $0.24, with buying activity building steadily throughout the day and forming a clear upward trend. Traders are now watching for a possible move above $0.27, which could signal further gains into the weekend. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Time of India
03-07-2025
- Business
- Time of India
Stock Radar: Apollo Hospitals hit record highs in July! What should investors do - Book profits or buy the dip?
Apollo Hospitals Ltd recently broke out of an 8-week consolidation, reaching new record highs. Experts suggest a buy for short-term traders, targeting Rs 8,100 within 1-2 months. Technical indicators like Supertrend and EMA breakouts signal continued bullish momentum, supported by strong RSI levels across multiple timeframes. Apollo Hospitals Ltd, part of the hospital industry, recently broke out from an 8-week consolidation range on the charts to hit fresh record highs in July and the chart pattern suggests that the rally may not be traders can look to buy the stock for a target of Rs 8,100 in the next 1-2 months, suggest witnessed a breakout from an 8-week consolidation range on the weekly charts last week and the momentum continued in
Time of India
08-06-2025
- Business
- Time of India
Nifty appears primed for breakout but wait for a pull back: Geojit's Anand James
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Stating that Nifty appears well primed to stage a breakout and embark on the 25460-26200 target, Anand James, Chief Market Strategist, Geojit Investments Limited, neither has the Bollinger band widened, nor has momentum indicators started showing strength to support a vertical rise."We will hence not be chasing prices right away on Monday, but instead wait for a pull back that will hopefully end before 24863. Major downside markers may be placed at 24640."Edited excerpts from a chat:Since the second half of April, Nifty had faced two stages of consolidation, the latter one having stretched over three weeks. Friday's spike has taken us to the upper band of this range. Nifty appears well primed to stage a breakout and embark on the 25460-26200 objective that we have been eying for the last fortnight. That said, neither has the Bollinger band widened, nor has momentum indicators started showing strength to support a vertical rise. This reluctance partly stems from Nifty lagging Bank Nifty , and even the SMIDs. We will hence not be chasing prices right away on Monday, but instead wait for a pull back that will hopefully end before 24863. Major downside markers may be placed at eyes are on 58400, but four hours of consolidation after Friday's initial rise point, point to the fact that we are not in a one way street yet. Adding reason to concern, RSI is still below the levels seen when Bank Nifty hit April's peak. This divergence does not call for a reversal yet, but a cautious approach is warranted at the start of the week, with downside marker placed at either 56400 or outperformance in the SMIDs was visible, as more of them rose above previous week's highs when compared to Nifty 50 constituents. While only 50% of Nifty 50 stocks closed above their respective 20 day SMA on Friday, 74.8% of small cap constituents closed above this benchmark on Friday. But while 50% of Nifty 50 stocks closed within the day's high on Friday, only 10% of small cap 250 constituents did so, suggesting that there is caution floating around, and a consolidation may be expected before a vertical rise vertical rise in the last few days had catapulted Cochin Shipyard's prices far beyond two standard deviations from mean, calling for caution. The red hammer candlestick pattern formed on Friday, which is usually a bearish reversal pattern adds to this conjecture. With this in the backdrop, we would be more comfortable with re entry, if a dip unfolds to either 2345 or (CMP:1194)View: BuyTarget: 1250 – 1340SL: 1098The stock formed its largest green candle since April 22, rebounding sharply from the Supertrend support at 1,146. On the daily chart, the SMIO histogram is showing signs of exhaustion at lower levels and is on the verge of crossing above the zero line—indicating a potential trend expect the stock to move toward 1,250 and 1,340 in the near term. All long positions should be protected with a stop-loss placed below 1,098. SHRIRAMFIN (CMP:688)View: BuyTarget: 820SL: 617After nearly two weeks of narrow-range trading, the stock has finally broken out decisively. It has formed a bullish Marubozu candle and witnessed a Supertrend breakout, signaling strong upward the SMIO has crossed above the zero line on both the daily and weekly charts, reinforcing the bullish outlook and pointing toward a potentially larger move in the coming expect the stock to move toward 820 in the near term. All long positions should be protected with a stop-loss placed below 617.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
08-06-2025
- Business
- Economic Times
Nifty appears primed for breakout but wait for a pull back: Geojit's Anand James
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Stating that Nifty appears well primed to stage a breakout and embark on the 25460-26200 target, Anand James, Chief Market Strategist, Geojit Investments Limited, neither has the Bollinger band widened, nor has momentum indicators started showing strength to support a vertical rise."We will hence not be chasing prices right away on Monday, but instead wait for a pull back that will hopefully end before 24863. Major downside markers may be placed at 24640."Edited excerpts from a chat:Since the second half of April, Nifty had faced two stages of consolidation, the latter one having stretched over three weeks. Friday's spike has taken us to the upper band of this range. Nifty appears well primed to stage a breakout and embark on the 25460-26200 objective that we have been eying for the last fortnight. That said, neither has the Bollinger band widened, nor has momentum indicators started showing strength to support a vertical rise. This reluctance partly stems from Nifty lagging Bank Nifty , and even the SMIDs. We will hence not be chasing prices right away on Monday, but instead wait for a pull back that will hopefully end before 24863. Major downside markers may be placed at eyes are on 58400, but four hours of consolidation after Friday's initial rise point, point to the fact that we are not in a one way street yet. Adding reason to concern, RSI is still below the levels seen when Bank Nifty hit April's peak. This divergence does not call for a reversal yet, but a cautious approach is warranted at the start of the week, with downside marker placed at either 56400 or outperformance in the SMIDs was visible, as more of them rose above previous week's highs when compared to Nifty 50 constituents. While only 50% of Nifty 50 stocks closed above their respective 20 day SMA on Friday, 74.8% of small cap constituents closed above this benchmark on Friday. But while 50% of Nifty 50 stocks closed within the day's high on Friday, only 10% of small cap 250 constituents did so, suggesting that there is caution floating around, and a consolidation may be expected before a vertical rise vertical rise in the last few days had catapulted Cochin Shipyard's prices far beyond two standard deviations from mean, calling for caution. The red hammer candlestick pattern formed on Friday, which is usually a bearish reversal pattern adds to this conjecture. With this in the backdrop, we would be more comfortable with re entry, if a dip unfolds to either 2345 or (CMP:1194)View: BuyTarget: 1250 – 1340SL: 1098The stock formed its largest green candle since April 22, rebounding sharply from the Supertrend support at 1,146. On the daily chart, the SMIO histogram is showing signs of exhaustion at lower levels and is on the verge of crossing above the zero line—indicating a potential trend expect the stock to move toward 1,250 and 1,340 in the near term. All long positions should be protected with a stop-loss placed below 1,098. SHRIRAMFIN (CMP:688)View: BuyTarget: 820SL: 617After nearly two weeks of narrow-range trading, the stock has finally broken out decisively. It has formed a bullish Marubozu candle and witnessed a Supertrend breakout, signaling strong upward the SMIO has crossed above the zero line on both the daily and weekly charts, reinforcing the bullish outlook and pointing toward a potentially larger move in the coming expect the stock to move toward 820 in the near term. All long positions should be protected with a stop-loss placed below 617.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
12-05-2025
- Business
- Time of India
Stock Radar: Balkrishna Industries seeing signs of rebound; likely to retest 3000 levels – time to buy?
Balkrishna Industries has rebounded from Rs 2,100 levels, reclaiming key moving averages and showing a bullish breakout from a falling wedge pattern. Experts suggest the stock may rise to Rs 2,960–3,020 in 1–2 months, with support from technical indicators like RSI, MACD, and Supertrend. A breakout above the 200-DMA could further fuel upside momentum. Balkrishna Industries Ltd, part of the tyre and rubber products industry, bounced back strongly after testing the Rs 2,100 level in April 2025, helping the stock reclaim key moving averages on the daily traders with a high-risk appetite can consider buying the stock for a potential target of Rs 2,960–3,020 over the next 1–2 months, suggest stock had hit a high of Rs 3,377 on June 27, 2024, but failed to sustain the
