Hedera (HBAR) has seen a remarkable increase of more than 6% in the past 24 hours, pushing its market capitalization to $10.6 billion. Its price surge of almost 30% over the last week places HBAR among the standout altcoins in the market.

This surge has propelled key technical indicators into bullish territory, with BBTrend hitting its highest level in over a month and the Ichimoku Cloud structure displaying consistent upward momentum. If HBAR sustains its current strength, it may soon challenge crucial resistance levels, potentially surpassing $0.35 in the upcoming month of March.

Hedera’s BBTrend has reached a notable high not seen in over a month, currently sitting at 18.15 with a positive trend enduring for more than a day. Although slightly lower from its recent peak of 21.3, the indicator remains elevated, indicating the ongoing upward trend.

This sustained positivity in BBTrend signifies robust directional momentum in HBAR's price movement, aligning well with broader market trends.

HBAR’s Ichimoku Cloud presents a bullish setup with the price trending above key conversion lines, signaling short-term bullish momentum. The overall cloud structure suggests growing support, with the potential for further upside indicated by the rising green leading span A.

The golden cross formation in Hedera’s EMA lines points towards a bullish trend, with the possibility of further positive momentum leading to a test of resistance levels at $0.28 and potentially beyond.

Should the bullish sentiment persist and buying pressure increase, HBAR could aim to reach significant price levels such as $0.35 and $0.37. Conversely, failing to maintain the upward trend could result in retesting support levels at $0.24 and potentially further down to $0.213 in a scenario of declining momentum.