Has the bull run started to $1?

Hedera (HBAR) price has risen more than 23% in the last 24 hours as the top gainer, indicating levels not visited since December 2021. Breaking a 36-month consolidation has lit up huge signs for the event, which is now believed to be the case. To reach a new chapter and enter the top 10 cryptos. Additionally, the chain has been getting stronger with each new day, highlighting the increasing bullishness for Hedera and HBR prices.

Why is the price of HBAR increasing? Will this bull cost $1?

Last week was one of the most interesting weeks for Hedra, which helped the price to move quickly. Some headlines include:

Several banks in the Philippines are launching PHPX, a peso-backed stablecoin, on the Hedera network.

With this, HBAR has achieved the highest positions in social and market activity after Litecoin, which illuminates signs of massive bullishness for the crypto. What's next for HBAR pricing?

The HBAR historical chart above shows that the price has broken the 3-year consolidation, pushing the RSI levels above the upper limit. The weekly RSI entered the overbought zone for the first time since the 2021 bull run, rekindling hopes for a similar bull run thereafter. On the other hand, the signal looks set for another push as the 50/200-day weekly MA is heading towards a bullish crossover, commonly known as the ‘golden cross'.

Other positive factors to consider here are bullish sentiments for crypto increasing to 90.6%, the incoming presidency of Donald Trump will boost the markets with friendly SEC rules and more transparent regulations, and importantly, inflation in the US is increasing, so the price of Hedera (HBAR) has started. A major bearish attack and thus a new ATH above $0.6 is believed to break through $0.44 and temporary resistances. 0.57 dollars