The price of HBAR has been falling over the past 30 days, yet its community remains one of the strongest in the crypto market. Analyst CW forecasts a possible price increase. Meanwhile, Solaxy's presale has attracted significant investments, nearing $30 million.
Current HBAR Price Situation
The price of Hedera (HBAR) has decreased over the past 30 days, losing about 11% and falling below $0.20. However, the currency's community remains strong, though not as large as competing projects like XRP or Kaspa.
HBAR Chart Analysis
Analyst CW recently shared a chart indicating a possible price increase for HBAR. Currently, HBAR is trading at about $0.19 on Binance, down 4% for the day. The chart displays a descending wedge pattern, which often precedes price increases.
Solaxy Presale and Its Prospects
One of the most hotly anticipated events in the crypto space right now is Solaxy's presale, which has already raised over $27.3 million. The goal is to reach $30 million. Solaxy is a layer-2 solution for Solana, improving transaction speed and reducing costs.
HBAR shows potential for significant growth, and Solaxy's presale success reflects a strong interest in solving traditional blockchain challenges. Both HBAR and Solaxy are well-positioned to capitalize on major trends in the cryptocurrency space.
