The HBAR price has achieved a $5 billion market cap with its recent price surge. Reportedly, this altcoin has outperformed top cryptocurrencies with its weekly gains of over 150% in valuation.
With the recent price pump, the Hedera price has reclaimed the psychological mark of $0.13. This further hints at a high possibility of this altcoin recording a new 52-week high. Will this altcoin maintain its bullish rally? Or will the market experience a correction in the coming time?
HBAR Price Soars over 150% in Days!
With a trading volume of $3.447 billion and a jump of 20.86% in the past 24 hours, the Hedera price has maintained its bullish rally this week. Moreover, with a market capitalization of $5.28B, it has claimed the 25th rank in the business.
The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame, highlighting a positive outlook for the altcoin in the coming time.
Moreover, the EMA 50/200-day records a significant rise in the Hedera price chart. This suggests a high possibility of a Golden Cross during the upcoming time.
How High Can HBAR Price Go?
If the market favors the bulls, the Hedera price will retest its resistance level of $0.156. Furthermore, if the bullish sentiment sustains, this could push the price of HBAR toward its upper resistance level of $0.182 this month.
Conversely, if a trend reversal occurs, the HBAR price will drop toward its low of $0.131. Moreover, if the bulls fail to regain momentum at that point, this could pull this altcoin toward its lower support trendline of $0.107.
Wondering if the HBAR price will hit $1? Read our Hedera Price Prediction to find out the long-term possibilities and also subscribe to us to get the latest news first!
FAQs
With a weekly return of over 150%, the HBAR price is presently under the limelight and is closely watched by many investors.
For the Hedera price to hit $10, it will require a jump of 7,094.24% in its valuation.
If the bullish sentiment sustains, the HBAR price may hit $0.80.
