Crypto analyst Steph Is Crypto is making a bold call: the price of Hedera (HBAR) could reach a new all-time high by the end of this month. This article explores key factors contributing to this.
Current Market Situation of HBAR
Currently, HBAR is trading around $0.27 and showing an upward trend. Since early 2024, the asset has started to break out of the bear market, forming higher lows that indicate increasing interest from buyers. Multiple rally attempts previously failed, but current price data suggest recovery.
Seasonal Factors Influencing Prices
Steph points to the positive impact of seasonality on HBAR. September is typically associated with the start of strong quarters in crypto, as evidenced by current market sentiment and increasing popularity of the Hedera ecosystem. While seasonal factors don't guarantee a rally, their alignment with rising prices may indicate successful asset development.
Future Prospects for HBAR
Analysts identify a resistance zone between $0.30 and $0.32. If HBAR can break through this resistance with sufficient trading volume, it could signal a new rally, potentially reaching new highs. Given the current legal and technical conditions, along with positive seasonal factors, the forecasts become increasingly realistic.
With growing interest and positive seasonality, Hedera (HBAR) may be on the brink of achieving record highs. The upcoming weeks could prove crucial for traders and long-term holders.
