The world's number one coin: HBAR soared 11%, the new Solana spoof coin Star Rocket soared 111% in a week, and enjoyed a 10% discount

Hedera price surged by 11% in the past 24 hours to $0.1044 per share, with trading volume surging by 2,634%.
The alternative coin added to its gains on Monday, with the smart contract token closing at $0.1178, its highest level since May 2022 and reaching a 22-month high.
Hedera Price Outlook
Hedera price is currently trading above the 78.6% Fibonacci level at $0.1024. As HBAR is overbought, it has the potential to fall further. The position of the relative strength index (RSI) suggests that HBAR may soon become a good time to sell. Investors should watch out for a drop below 70 in the RSI, which could trigger a sell-off.
If the bears are able to gain the upper hand, Hedera price could lose support at $0.1024 or lower and retrace to the 61.8% Fibonacci level of $0.0901, which is the most critical retracement level. However, to invalidate the current bullish setup, the price must slide and close below the 50% Fibonacci level of $0.0815. Such a move would result in a 23% drop from the current level.
Notably, Hedera price also broke above the upper Bollinger indicator boundary at $0.1025. Typically, such action foreshadows a pullback, further supporting the aforementioned RSI speculation.
On the other hand, if the bulls gain the upper hand, Hedera price could rise to the upper limit of the market range at $0.1180. In a very bullish scenario, the price could rise further to the psychological mark of $0.1200, 15% above the current level.
On-chain indicators supporting bearish Hedera prices
Multiple on-chain indicators from Santiment’s behavioral analytics support the bearish view on Hedera’s price. First, the social dominance metric rose from 0.408% to 1.105% in the past 24 hours. Social activity also rose sharply to 93. The significant growth in social dominance means that the coin is being mentioned more and more times on crypto social media channels compared to the other 50 projects.
According to Santiment analysts, this surge in intensity can lead to entanglement because it inspires the fear of missing out. Specifically, mainstream attention pushes later investors to cater to the fear of missing out. This can cause prices to peak, which in turn triggers a pullback.
Hedera price reclaims 22-month high, making HBAR holders nervous. Meanwhile, new Solana meme token Smog surged 1,111 TP3T in a week. Currently, the token is offering a discount of 101 TP3T to early project participants.
Smog, a promising alternative to Hedera, is the latest Solana meme token, which analysts say could attract Chinese investors in the run-up to the Chinese New Year due to its dragon theme.
Smog became one of the most talked-about meme tokens in 2024, debuting on Jupiter DEX with the promise of the largest airdrop in history.
Smog is committed to surpassing the $700 million airdrop on Solana. To this end, the project has allocated 35% of the total token supply (1.4 billion tokens) for this purpose.
Those who hold $SMOG token are eligible to participate in this historic event. Alternatively, participants can accumulate airdrop points by participating in Zealy events.
Some analysts rank Smog as one of the best meme token investments with exponential growth potential, while others consider it one of the best penny crypto investments. Right now, you can buy and stake Smog at a discount of 10%. But hurry so you don’t miss out on the offer.
Visit here to purchase Smog.
In addition, see:
How to Buy Smog Tokens – Complete Guide
The hottest cryptocurrencies on Ethereum - Mind, Smog, TAO Inu
$SMOG Meme Token 10x Growth Potential - How to Buy, Stake for High Returns and Price Prediction
New Solana Meme Token - Buy & Hold - Is SMOG the Next BONK?
New Cryptocurrency Mining Platform - Bitcoin Miner
Rating
Audited by Coinsult
Decentralized and secure cloud mining
Earn Free Bitcoin Daily
Native Token Presale Now Available - BTCMTX
Staking Rewards - Annualized rate of return exceeding 50%
Learn more
Join our Telegram channel for the latest breaking news coverage.