HBAR price at 30% increase $0.182 to try again?
HBAR's stock has a market cap of $5 billion with recent price increases. Reportedly, this altcoin has outperformed top cryptocurrencies by more than 150% on a weekly basis.
With the recent price pump, Hedera price has regained the psychological mark of $0.13. This addition suggests that this altcoin is very likely to register a new 52-week high. Will this altcoin wait for the bull rally? Or will the market face a correction in the future?
HBAR price increased more than 150% in days!
With a trading volume of $3.447 billion and a jump of 20.86% in the last 24 hours, Hedera's price continues its bullish rally this week. Moreover, with a capitalization of $5.28B, it ranks 25th in the business.
The Relative Strength Index (RSI) continues to hover above the overbought region on the daily timeframe, indicating a positive outlook for the altcoin in the near future.
Additionally, the 50/200-day EMA has marked a significant uptrend on the daily price chart. This indicates a high probability of Golden Cross in the future.
How high can HBAR rates go?
If the market supports the bulls, the Hedera price will retest the $0.156 resistance level. Additionally, if the bullish sentiment continues, this could push the HBAR price towards the high resistance level of $0.182 this month.
Conversely, if a trend reversal occurs, the HBAR price will drop to a low of $0.131. Moreover, if the bulls fail to move again at that time, this altcoin can be pulled to the lower support trend at $0.107.
I wonder if the HBAR price hits $1? Read our Hedera price forecast for long-term prospects and also subscribe to be the first to get the latest news!
Questions to be asked
With a weekly return of over 150%, HBAR's value is currently in the spotlight and is being closely watched by many investors.
For Hedra's price to reach $10, it would need a 7,094.24% jump in valuation.
If the bullish sentiment continues, HBAR price could reach $0.80.
