The HBAR price has reached a $5 billion market cap with recent growth. Can this altcoin maintain its momentum, or is a market correction imminent?
HBAR Price Surge
Hedera's price has risen by over 150% this week, reclaiming the psychological mark of $0.13. With a trading volume of $3.447 billion and a 20.86% rise in the last 24 hours, Hedera has claimed the 25th spot in market rankings with a capitalization of $5.28 billion. The Relative Strength Index (RSI) remains above the overbought range, highlighting positive outlooks for the altcoin.
Potential for Further Growth
If market optimism continues, Hedera's price could retest the resistance level of $0.156, potentially reaching $0.182. Conversely, if a trend reversal occurs, the price could drop to $0.131, and further down to $0.107 if bearish momentum continues. The EMA 50/200-day shows a potential Golden Cross, indicating a strong bullish trend.
Frequently Asked Questions
Is Hedera a good buy? With a weekly return of over 150%, HBAR is closely watched by investors. Could HBAR ever reach $10? It would require a 7094.24% increase in valuation. What might Hedera be worth in 2025? If bullish sentiment persists, HBAR might hit $0.80.
Analysts are closely monitoring HBAR amid significant price fluctuations. Both bullish and bearish scenarios are possible, making this a compelling situation for investors.
