HBAR rallies 22% on Nvidia integration, more gains ahead?

The Hedera Hbar token increased by 22% today, while investors reacted to its growing role in Nvidia’s efforts to improve the integrity of verifiable data for AI systems.

The excitement began after Anthony Rong, regional nvidia engineering vice-president, shared a job On LinkedIn stressing how the two teams work together to bring AI and blockchain closer.

According to Rong, the great public book of Hedera, known to be fast, secure and energy efficient, could play a key role in building confidence in AI. The idea is to use Hedera to verify the data generated by AI in real time, which becomes more important as AI propagates in industries such as health care, finances, supply chains and autonomous vehicles.

He explained that Hedera facilitates the monitoring of the origin of the data, helping to reduce disinformation, errors and fraud in AI systems. In addition, its low energy consumption aligns with Nvidia’s push for sustainable and high performance technology.

The news sent Hedera (Hbar) Flying to an intraday summit of $ 0.158 on April 8, raising its market capitalization of more than $ 6.6 billion. The daily negotiation volume also jumped 53%, exceeding $ 551 million.

The bullish feeling surrounding the Ai-Blockchain partnership has also spread to other major players in the IA cryptocurrency sector, with tokens like Bittensor (Tao), Give back (GIVE BACK), Grass (GRASS), and Beldex (Bdx) displaying strong gains between 11 and 14%.

Adding fuel to the rally, the hashgraph group, a key support from Hedera, announcement A new investment in the Indian company Agritech Agnext Technologies. This decision will bring Hedera’s blockchain to agricultural solutions fueled by AI, which aims to improve confidence and traceability in the food supply chain.

Hbar price analysis

On the USDT price table for a day, the Hbar price is currently testing the upper limit of a downward corner model that it had formed since early March. In technical analysis, an escape from such a model leads to more sustained earnings to come.

However, the bull power indicator (BBP), also called the elder ray index, has been below the zero line since March 2, pointing to a continuous downward pressure.

This indicator follows the strength of buyers compared to sellers and remaining in negative territory indicates that the sellers still have the upper hand.

In addition to that, the Down Aroon is 92.86%, while the Aro Up is 0%, which means that the sales pressure clearly exceeds any purchase activity for the moment.

Although the indicators point out that bears are still in control, some analysts think that reversal could brew if the key levels are maintained.

According to the Crypto analyst, Sunovam, who shared a weekly graph of the action of Hbar prices, the previous rallies followed a familiar cycle: a parabolic rise, a correction of 60 to 65%, then a period of consolidation before another major heritage.

The current configuration is strangely similar, Hbar is now down more than 58% compared to its recent peak and the approach of historical support areas.

But for the bullish affair to take place, the price must be greater than the range from 0.14 to 0.15 $, according to the analyst. Losing this level could bring it up to the region of $ 0.10.

In addition, the MacD on the weekly graphic is approaching a potential crossroads, but it has not yet turned upside down, which means that the momentum is not entirely on the side of the Bulls.

If buyers can recover $ 0.20 and push $ 0.25, this could confirm the start of another rally phase, especially with the AI ​​narrative story.

That said, Hbar’s next management will also depend sharply on the larger market in cryptography. Bitcoin performance continues to act as the main barometer of the Altcoin force. If BTC regularly holds or rally, it could create the right environment for Hbar and other AI tokens to shine.