Despite the general decrease trend in the Altcoin market, the price of HBAR gives rise signals. According to crypto analyst Merlijn The Trader, the HBAR price has the potential to reach $ 0.9. In such a case, the price will be more than 3x.
Why did Hbar give a green signal while the Altcoin market falls?
HBAR, the local tokend of Hedera hashgraph ecosystem, has been under pressure from decrease in the recent period, but important developments support the expectation of price increase.
Crypto analyst Merlijn The Trader claimed that Hbar was on the verge of a great rise in his share in his social media platform X. According to technical analysis, Token re -tested a critical level of resistance and gains the rise momentum. It is estimated that it can reach $ 0.3 in the short term.
In addition, Solberg Invest predicts that HBAR can go up to $ 0.9, not only $ 0.3.
Will the date repeat?
Famous analyst Rek Capital said that HBAR gave excessive purchase signals according to the relative power index (RSI) data and draws a picture similar to the bull run in 2021. In 2021, HBAR rose to $ 5 after gaining stability at $ 1.5.
If history repeats, it is thought that Hbar may enter a large wave of ascension again.
Some analysts make much more optimistic estimates. The analyst called Cryptoelıtes set an ambitious target of $ 75 for HBAR. However, for the time being, HBAR is traded at $ 0.2442 and on a daily basis. 3.8 %, on a weekly basis 21.4 %, on a monthly basis, 22.6 %has lost value.
What is the reason for the mobility of HBAR in the middle of the stagnant Altcoin market?
Coinbase Research President David Duong says that older generation subcoins such as XRP, Ada and Hbar have re -attracted the interest of the investor with the latest market drop. According to him, the capital in the market has begun to shift to rooted projects such as XRP, Cardano and Hbar, and investors can provide significant gains from these tokens in the next 6-8 months.
In addition, the Hzera team announced that it would organize its first official Hederacon event in Denver, Colorado on 25 February 2025. Such developments continue to be effective in the price movement of the token.
