Market Insights: Hedera Hashgraph’s Native Token, HBAR, Experiences Significant Surge

Hedera Price Surge Ahead: HBAR Poised for Breakout Towards $1.50-$2.00

The price surge of Hedera Hashgraph’s native token, HBAR, has garnered significant attention in the cryptocurrency market as technical analysis suggests a strong upward trajectory targeting the $1.50 to $2.00 range in the near future.

As reported by analyst Steph, the digital asset is entering its “final HBAR wave,” indicating a steady progression through accumulation, sharp corrections, and an anticipated final rally poised for mid-2025 and beyond. This pattern signifies growing demand and institutional interest as the coin prepares for a new bullish phase.

The chart outlines three distinct price movements: an initial accumulation period, followed by a rapid upward correction, and concluding with a forecasted final wave aimed at breaking the $1.50 to $2.00 resistance level. The gradual increase in price reflects increasing buying pressure, signaling readiness for a breakout once key resistance levels are surpassed.

Recent market data from BraveNewCoin reveals that the asset is trading around $0.26, showcasing a daily gain of approximately 3.47%. Market capitalization stands at near $10.95 billion, with trading volumes reaching an impressive $333.77 million over 24 hours, indicating active market participation and liquidity.

Furthermore, the price action presents a tightening range between $0.24 and $0.27 in recent days, accompanied by a steady increase in volume, suggesting investor confidence is building, positioning the meme coin for the next surge towards higher price points.

Moreover, trading charts on TradingView exhibit the asset trading near $0.26 with an increasing bullish bias. The price approaches the upper Bollinger Band, indicating readiness to breach this resistance and potentially surge to new highs.

Additionally, the Chaikin Money Flow (CMF) indicator remains positive, reflecting strong buying interest as the CMF line stays above zero. This buying pressure supports the outlook for sustained upward movement.

The combined technical analysis and market data support a positive outlook for the asset, with HBAR well-positioned for a breakout and rally towards the $1.50 to $2.00 range in the coming years. Investors should watch out for key resistance breaks and volume trends as signals for confirming this anticipated upward move.

Source: bravenewcoin.com