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coinpedia 2024-12-03 05:25:49

Hedera Continues to Scale Up-Here’s the HBAR Price Prediction for 2025 After a Bullish 2024 Close Above $1

Hedera Continues to Scale Up-Here’s the HBAR Price Prediction for 2025 After a Bullish 2024 Close Above $1

The post Hedera Continues to Scale Up-Here’s the HBAR Price Prediction for 2025 After a Bullish 2024 Close Above $1 appeared first on Coinpedia Fintech News The Hedera (HBAR) price has been rallying gigantically, suggesting a momental shift of attention from the other altcoins towards the token. Hedera Hashgraph, its chain, is considered an alternative to the traditional blockchains that aim to excel in speed, efficiency, and security. With this, the HBAR gains centre stage and remains the top altcoin according to Lunar Crush with the top market and social activity. Now that the HBAR price has erased 1000+ days of downtrend in just four weeks, where will the price find its peak in the ongoing bull run? The sluggish and weak performance of HBAR has irked the market participants, who often complained of poor participation on the governing council. Now that the price has undergone a 7x rally, a new ATH appears to be imminent. But the question arises whether the price rally will remain restricted at $1 or will continue beyond the range, finding new highs in 2025. The long-term price action of HBAR suggests the rally has gained huge momentum and is about to enter the bullish range. The price is about to enter the final resistance zone below the ATH at $0.5701 and also the 0.618 FIB. A rise from these levels does not only help the price form a new ATH but surpass the trend line and enter the bullish range. Besides, the OBV just rose from a prolonged, multi-year stagnant trend with a massive rise in volume. This suggests the price has just begun with the bull run, activating the higher price targets. The next levels to look out above the ATH could be around 1.2 FIB at $0.715 and later at 1.6 FIB at $0.910. These are the important levels to achieve, which may further push the price beyond $1. Meanwhile, the monthly RSI has entered the overbought range and marked the 2021 highs, suggesting a small pullback could sweep out the selling pressure if any. In such cases, 0.5 FIB, the current resistance level between $0.38 and $0.455, may act as a strong support zone, which may further trigger a healthy rebound. Therefore, the Hedera (HBAR) price rally appears to be primed to mark $1, probably in the early few weeks of 2025 and if the market sentiments remain bullish, an extended rally may assist the price to peak at $1.2 to $1.5.

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