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bitcoin
Bitcoin (BITCOIN)
$120,829 1.74%
ethereum
Ethereum (ETHEREUM)
$3,030 1.17%
binancecoin
BNB (BINANCECOIN)
$697.91 0.66%
solana
Solana (SOLANA)
$166.29 2.01%
ripple
XRP (RIPPLE)
$2.98 4.42%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 1.39%
pepe
Pepe (PEPE)
$0.000012 -0.72%
bonk
Bonk (BONK)
$0.000026 4.59%
bitcoin
Bitcoin (BITCOIN)
$120,829 1.74%
ethereum
Ethereum (ETHEREUM)
$3,030 1.17%
binancecoin
BNB (BINANCECOIN)
$697.91 0.66%
solana
Solana (SOLANA)
$166.29 2.01%
ripple
XRP (RIPPLE)
$2.98 4.42%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 1.39%
pepe
Pepe (PEPE)
$0.000012 -0.72%
bonk
Bonk (BONK)
$0.000026 4.59%
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Hedera Price Prediction – HBAR Could Soon Test $0.33 If Bulls Sustain Momentum

Highlights:

  • Hedera price is trending towards $0.33 after breaking out of a consolidation zone
  • Rally driven by bullish sentiment across the market
  • Hedera’s strengthening fundamentals are adding to the bullish sentiment 

Hedera (HBAR) has recorded impressive gains recently, outperforming most of the top 100 cryptocurrencies. Hedera is up by 53.73% in seven days, and bulls are getting stronger. In the last 24 hours, Hedera has gained 7.34% to trade at $0.246. Hedera trading volumes are on an uptrend as well.

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In the previous 24 hours, they have increased by 105.39% to $2 billion. Such a substantial volume surge after more than 53% gains in a week is a positive indicator for HBAR. FOMO is building up as investors expect Hedera price to go even higher in the short to medium term. The expectations around HBAR have a strong basis to them. 

Bitcoin Action Could Trigger Parabolic Price Move for Hedera Price

For starters, Bitcoin is going up, and with it is the altcoin market. As Bitcoin edges higher by the day, investors are actively scouting for altcoins that have the potential to outperform the market. One indicator of which altcoins could do well in an all-out bull market is their price action relative to Bitcoin and their intraday trading volumes. 

Hedera is doing better on both metrics than most top 100 altcoins. As such, with expectations around Bitcoin hitting $200k on the rise, Hedera could see a surge in investor and trader interest going forward. Such FOMO buying could trigger a price rally that pushes HBAR back to its all-time highs, and make new ones in the foreseeable future.

Hedera TVL Hints At Rising Bullish Momentum

Hedera fundamentals also point to strength. One such indicator is the growing role of Hedera in stablecoins. USDC stablecoin on the Hedera network is up over 20% in the past week to a high of $151 million. This indicates that institutions are increasingly confident in the Hedera network in this fast-growing frontier of finance. Another signal to Hedera’s growing adoption is that its total value locked (TVL) is on an upward trajectory.

Data indicates that Hedera TVL has shot up by 25% in 24 hours to a high of $257 million. This is a significant improvement from its TVL of only $78 million towards the end of 2024. Such growth in TVL indicates that Hedera is increasingly taking up a sizeable portion of the DeFi market and that investor confidence is getting stronger. Hedera could be headed to much higher prices as the market synthesizes these numbers and on-chain demand rises.

Hedera Price Set to Rise Amid Institutional-Focused Upgrades

Hedera price is also likely to benefit from the excitement surrounding network improvements that make it more attractive to institutions. One such upgrade is the Hedera HashSphere, launched in March. This upgrade adds to the intrinsic value of Hedera because it is built for enterprises and comes with perks such as privacy and smart contracts that are compatible with EVM. Since institutions are now taking a leading role in cryptocurrency, such an enterprise-focused upgrade will likely push Hedera demand higher.

Technical Analysis – Bulls Gain Strength as Resistance Broken

Last week, Hedera broke out of a multi-month consolidation between $0.13 and $0.20. This has given bulls strong momentum, especially now that the broader market is bullish.

HBAR
Source: TradingView

If bulls sustain the momentum they have built so far, Hedera could test the $0.33 multi-month resistance in the short term. If the $0.33 resistance gives way, Hedera price could rally to prices as high as $1 in the short term. However, in the unlikely scenario that bears regain control, Hedera could consolidate around $0.20, which is now support.

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