Hedera (HBAR) has experienced significant upward momentum, gaining over 8% on Friday and achieving a remarkable 21.7% increase over the past seven days. This surge coincides with notable signals of momentum growth, such as a rising BBTrend and an RSI reaching overbought levels.

The price of HBAR is approaching a crucial resistance area, supported by a bullish EMA alignment that indicates the potential for further upward movement.

The BBTrend indicator for Hedera has spiked to 6.83 from 1.5 just two days ago, signaling a substantial rise in volatility and momentum in the price action. BBTrend, which reflects Bollinger Bands data, shows the strength and direction of a trend. Values above 3 signify a strong trend, while those below 1 indicate a weak or steady market.

A surge in BBTrend implies a shift from low volatility to a more directional trend. With HBAR's BBTrend currently at 6.83, the cryptocurrency could be entering a strong bullish or bearish breakout phase, suggesting increased volatility and decisive price movements.

Meanwhile, Hedera's RSI has surged to 73.93 from 52.49 over two days, indicating a significant uptick in buying momentum. The RSI measures the speed and magnitude of price changes and values above 70 typically signal an overbought market, potentially leading to a cooldown or consolidation.

The EMA lines for Hedera demonstrate a bullish alignment, with short-term moving averages above long-term ones, indicating upward momentum. As HBAR hovers near a critical resistance level at $0.20, breaching this level could pave the way for further gains towards $0.227 and $0.258. However, it is crucial to monitor support levels, particularly at $0.179, to gauge the risk of a potential pullback towards $0.16 and $0.152 in case of a decline.