Hedera (HBAR) is showing mixed signals as it hovers at a key technical juncture. Its market cap is currently at $7 billion. Despite signs of growing momentum, trading volume has dropped 27% in the last 24 hours, now sitting at $104.29 million.
While indicators like the RSI and EMA lines hint at a potential bullish breakout, the BBTrend remains negative, suggesting that trend strength is still fragile. For now, HBAR’s price movement reflects a market in transition, caught between fading volatility and early signs of renewed interest.
HBAR Trend Weakness Eases, But Momentum Still Lacking
Hedera’s BBTrend indicator is currently at -3.53 and has remained in negative territory for nearly three consecutive days. Just yesterday, it hit a recent low of -5, signaling particularly weak trend strength during that period.
Although it has slightly recovered, the fact that BBTrend remains below zero indicates that momentum is still lacking, and the price action is showing limited direction or energy.
This prolonged dip suggests that HBAR may be stuck in a period of consolidation or at risk of entering a broader downtrend if no bullish momentum emerges.
BBTrend, or Bollinger Band Trend, measures the strength and volatility of a price trend by analyzing the expansion or contraction of Bollinger Bands.
Positive values typically suggest strong directional movement, while negative values point to weakening trends and reduced volatility. With BBTrend still sitting at -3.53, HBAR remains in a low-energy zone where neither buyers nor sellers are taking clear control.
Unless the indicator returns to positive territory, HBAR may continue to drift sideways or gradually decline, reflecting market indecision and a lack of strong conviction.
HBAR Builds Momentum as RSI Climbs
Hedera’s RSI (Relative Strength Index) is currently at 55.70, rising from 45 just two days ago. This upward move reflects increasing bullish momentum, showing that buying pressure has picked up after a short period of weakness.
While the RSI remains below overbought levels, the steady rise suggests growing interest in HBAR and a potential continuation of its current upward push, provided that momentum sustains.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100. Readings above 70 are generally considered overbought, while those below 30 are viewed as oversold.
With HBAR’s RSI now at 55.70, it sits comfortably in neutral-bullish territory, indicating room for further upside before reaching overheated conditions.
If this trend continues and RSI edges closer to 70, it could support a short-term rally—but also raise caution for potential exhaustion ahead.
Hedera Set for Bullish Crossover, But Risks Remain Below $0.153
Hedera’s EMA lines are currently showing signs of a potential golden cross forming, which could signal a shift toward a bullish trend. If this crossover happens and momentum strengthens, Hedera’s price may test the resistance at $0.178.
A breakout above that level could pave the way for a move toward $0.20. If the rally accelerates, prices could climb to $0.258, marking the first time HBAR trades above $0.25 since early March.
The upward slope in short-term EMAs reflects growing optimism, but confirmation will depend on volume and price action in the coming sessions.
However, downside risks still remain. If HBAR fails to hold the support level at $0.153, bearish pressure could drag the token down to $0.124.
While technicals are currently leaning bullish, the price remains at a crucial crossroads, with both breakout and breakdown scenarios in play. Until a clear direction emerges, traders should watch these key levels closely.
Spot Bitcoin ETFs extended their inflow streak by another day on Thursday, marking the fifth consecutive day of net positive flows. The total inflow for the day stood above $440 million.
The continued inflows come amid a modest market rebound over the past 24 hours.
Bitcoin ETF Inflows Hit $2.68 Billion for the Week
Bitcoin ETFs recorded another day of net inflows on Thursday, extending their streak to five consecutive days. The latest addition of $442 million brought the week’s total to $2.68 billion, the highest weekly net inflow since the first week of December 2024.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
On Thursday, BlackRock’s ETF IBIT recorded the largest daily net inflow of $327.32 million, bringing its total cumulative net inflows to $40.96 billion.
Ark Invest and 21Shares’ ETF ARKB followed in second place with a net inflow of $97.02 million, pushing its total historical net inflows to $3.09 billion.
BTC Futures Show Uptick in Demand
The crypto market has witnessed a modest rebound over the past 24 hours, pushing BTC’s price up by 1% over the past day. During the same period, open interest in BTC futures has also risen, signaling a slight uptick in investor demand.
At press time, this is at $65.31 billion, up 1% today. The gradual rise in BTC’s price and open interest signals growing market participation and increasing confidence in the ongoing trend.
This simultaneous uptick suggests that new positions are being opened to support the price movement, often interpreted as a bullish indicator.
Moreover, call volumes have outpaced puts in the options market, reflecting a tilt toward bullish sentiment. As of this writing, the coin’s put-to-call ratio is at 0.74.
When an asset’s put-to-call ratio is below 1, more call options are being purchased than puts, reflecting a bullish sentiment among options traders. This suggests that investors are positioning for a sustained upside in BTC’s price.
However, despite these positive indicators, BTC’s funding rate remains negative. At press time, the metric is at -0.0008%.
The funding rate is a periodic payment between long and short positions in perpetual futures contracts. It keeps the contract price in line with the spot market. When the funding rate is negative, it indicates bearish sentiment, as more traders are betting on a price decline.
This suggests that some futures traders are still betting on BTC’s short-term downside, even as ETF demand and market metrics show renewed strength.
The Middle East and North Africa (MENA) region is quickly becoming a notable force in the push for global crypto adoption. With growing participation from institutions and enterprises and supportive regulations for Web3 technology, MENA is set to expand its impact.
BeInCrypto interviewed Stephan Apel, CEO of Outlier Ventures, to explore the characteristics of these tech-driven economies and their anticipated innovations.
Web3 Adoption and Market Growth
MENA has emerged as a significant center for Web3 development, facilitated by a combination of demographic, technological, and cultural factors. The region’s entrepreneurial spirit has also fostered an environment conducive to the adoption of decentralized technologies.
“The MENA market has set a standard for adopting next-gen technologies and using them to boost their economic transformation. This is especially true for Web3 technologies— the region recognised their potential early on, offering the resources needed for these projects to scale and thrive on both regional and global levels,” Apel told BeInCrypto.
Consequently, the region is witnessing an increase in startups, investors, and developers exploring Web3 and its diverse applications.
A 2024 Chainalysis report revealed that MENA was the seventh biggest crypto market worldwide. From July 2023 to June 2024, the region saw $338.7 billion in online crypto transactions, representing 7.5% of all crypto transactions globally.
Share of all cryptocurrency transaction value by region. Source: Chainalysis.
Notably, Turkey and Morocco ranked among the top 30 countries globally in crypto adoption. Turkey secured the 11th spot, while Morocco ranked 27th. These nations alone accounted for $137 billion and $12.7 billion in received cryptocurrency value, respectively.
Furthermore, the MENA region’s crypto activity is predominantly driven by institutional and professional players, as a substantial 93% of all value transferred involves transactions exceeding $10,000.
Meanwhile, Gulf Corporation Council (GCC) members have distinguished themselves through their ambitious technological initiatives.
MENA’s Strategic Shift Towards AI
The onset of artificial intelligence (AI) has prompted governments and businesses within the Middle East to acknowledge the global trend towards related advanced technologies. Countries like Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are considering their strategic position concerning this technological transformation.
According to a report by PricewaterhouseCoopers (PwC), AI could contribute up to $15.7 trillion to the global economy in 2030. The consulting firm predicts that the Middle East will bring 2% of the total global benefits, equal to $320 billion.
MENA’s pioneering role in AI development. Source: PwC.
The PwC report also indicates that Saudi Arabia will see the largest absolute gains from AI by 2030, with an estimated US$135.2 billion added to its economy, or 12.4% of GDP. In terms of GDP percentage, however, the UAE is expected to see the greatest impact, approaching 14% of its 2030 GDP. Meanwhile, for GCC states Bahrain, Kuwait, Oman, and Qatar, AI is expected to contribute 8.2% of their GDP.
Given the region’s latest initiatives and investments in AI innovation, these numbers come as no surprise.
Saudi Arabia’s AI Development Initiatives
In 2016, the Saudi Arabian government launched Vision 2030, a program to promote economic, social, and cultural diversification. Integral to this vision is a strategic shift towards artificial intelligence and data-driven innovation, a key component of the nation’s economic diversification efforts.
Saudi Arabia is making notable advancements in AI. The country aims to reduce its reliance on oil by developing advanced technology sectors through targeted investments, infrastructure development, and workforce training.
“Fueled by its Vision 2030 initiative, Saudi Arabia has already created a thriving startup ecosystem, dedicated significant investment in emerging technologies,and designed policies to attract global talent and entrepreneurship,” Apel told BeInCrypto.
The Saudi Data and Artificial Intelligence Authority (SDAIA) spearheads Saudi Arabia’s push into artificial intelligence, shaping and implementing the country’s national data and AI strategy. The National Data Bank is a cornerstone of their efforts. It is designed as a central hub for data access and analysis, facilitating AI applications across public and private sectors.
Last November, Saudi Arabia also unveiled Project Transcendence. The $100 billion investment initiative focuses on accelerating the integration of AI and advanced technologies.
Similar to its neighbor, the UAE has actively pursued AI adoption.
UAE’s AI Strategy and Investments
In 2017, the UAE launched its National Strategy for Artificial Intelligence, which aims to make the country a global leader in the field by 2031. The UAE AI and Blockchain Council oversees this strategy, which impacts sectors like education, energy, and tourism.
The UAE is already reaping the benefits of its AI initiatives. In April, Microsoft announced a $1.5 billion investment in G42, an Abu Dhabi-based technology holding company. G42 is known for its data centers and the development of Jais, a leading Arabic-language AI model.
In September, G42 and Nvidia partnered to create AI-driven solutions for improved weather forecasting. The collaboration aims to advance climate-related technologies by using Nvidia’s Earth-2 platform, which enables AI-augmented climate and weather simulations.
Three months later, Abu Dhabi-based global technological ecosystem Hub71 partnered with Google to boost startup growth in the UAE. This collaboration will bring Google’s “Google for Startups” program to Abu Dhabi, including a dedicated accelerator for Hub71 startups in 2025.
He also drew attention to the planned convergence of AI and Web3 technologies in these prominent regions.
Convergence of AI, Web3, and IoT
Integrating the Internet of Things (IoT), blockchain, and AI technologies is gaining traction among businesses in the Middle East. By combining these technologies, organizations can access new avenues for growth, increase efficiency, and create novel user experiences.
In 2018, the Dubai Airport Freezone Authority launched Dubai Blink, a platform that integrates AI, blockchain, and virtual licenses to facilitate global trade. This system enhances supply chain innovation through ‘smart commerce’ by expediting trade with a unified online platform. Furthermore, it addressed the cumbersome process of supplier identification by using AI algorithms to streamline and accelerate the validation process.
Ultimately, MENA’s proactive approach to technological advancement, coupled with its strategic focus on Web3 and AI, signals a future where the region will be a pivotal architect in shaping the digital economy.
Some altcoins are heating up as speculation swirls around TRUMP and its recently announced exclusive Gala Dinner and White House tour for the top 220 TRUMP holders, sparking a frenzy in the market.
While TRUMP has dominated headlines, several related and narrative-driven altcoins are also gaining traction and could see major moves in the lead-up to the event. Here are three altcoins to watch before Trump’s Gala Dinner: TRON (TRX), ConstitutionDAO’s PEOPLE token, and the Official Melania Meme (MELANIA).
According to Arkham Intelligence, a cold storage wallet associated with HTX—an exchange linked to Sun—has claimed the top spot on the official TRUMP leaderboard.
While the identity behind the wallet hasn’t been confirmed, the speculation alone has spotlighted TRUMP and Tron (TRX), potentially driving renewed interest and demand for the token.
If TRX catches momentum from this attention, it could break above key resistance levels at $0.249, $0.255, and $0.259. A strong rally could propel the price toward $0.30, possibly as high as $0.40—territory it hasn’t seen since December 3, 2024.
While the rumors remain unconfirmed, the narrative surrounding Sun’s potential involvement is already energizing the Tron ecosystem.
ConstitutionDAO (PEOPLE)
ConstitutionDAO was a short-lived but historic experiment in Web3 coordination. In November 2021, a group of crypto enthusiasts formed a decentralized autonomous organization (DAO) with the ambitious goal of purchasing one of the original copies of the U.S. Constitution at a Sotheby’s auction.
With only 13 known physical copies, the event attracted massive public attention and intense bidding competition.
Although the DAO ultimately lost the auction and has since been dissolved, its native token, PEOPLE, remains active and continues to trade in the crypto market.
The token has recently formed golden crosses—a bullish technical signal that occurs when short-term moving averages cross above long-term ones—suggesting growing upside momentum.
If this strength continues, PEOPLE could be on track to test key resistance levels at $0.0174, $0.0193, and potentially even $0.0239.
Official Melania Meme (MELANIA)
MELANIA, the meme coin inspired by former First Lady Melania Trump, was launched just days after the TRUMP token and has remained closely tied to its narrative.
While MELANIA has seen a significant drop from its all-time high, it could benefit indirectly from the hype surrounding Donald Trump’s upcoming Gala Dinner for top TRUMP holders.
As attention builds around TRUMP and its community, spillover interest could reignite momentum for tokens like MELANIA, especially among traders chasing political meme coin trends.
