Hedera

SaucerSwap

Rise

The post <a href="https://coinpedia.org/price-analysis/hbar-price-breaks-0-10-with-50-upside-potential/">HBAR Price Breaks $0.10 With 50% Upside Potential</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Days after Hedera made the announcement of DeepTech Venture Studio in Saudi Arabia, the HBAR token is finding a new breeze of bullish momentum. With the SaucerSwap TVL reaching new heights and the new altcoin season, the <a href="https://markets.coinpedia.org/hedera/" target="_blank" rel="noreferrer noopener">HBAR price</a> is well above the 10-cent mark.&nbsp; 
Finding a surge of 50% in the last two weeks, the breakout events and the rising volumes fuel the HBAR uptrend. With such a turnaround story in the early months of 2024, the market is buzzing with the question, “Will HBAR price reach $1?” 
Well, such <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/">HBAR price predictions</a> were not so common in the bear market. However, the new cycle projects a high likelihood.&nbsp; 
<h2 class="wp-block-heading" id="h-is-hedera-fast-enough-to-cross-0-15">Is Hedera Fast Enough To Cross $0.15?</h2> 
Following the falling wedge breakout in the daily chart on 6th February, the HBAR price signalled a trend reversal. Moreover, as we mentioned in our last article, with the possibility of Hedera reaching $0.10 with the new progress in Saudi Arabia, the buyers are reshaping the entire chart.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1024x464.png" alt="" class="wp-image-271338" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/o01okrfV/">TradingView</a> 
With the HBAR lifting off from the runway of 50-day EMA, the buyers pump the token by 25% in a day. Leading to a bullish engulfing candle, the token is well above $0.10 and challenges the overhead resistance for a bullish continuation.&nbsp; 
Currently, the HBAR price is trading at $0.107 with an intraday pullback of 4.65% as the bulls relax after the pump last night. Following the short vacation, the buyers are planning a trend continuation to breach $0.12. 
Technical indicator: 
RSI indicator: The daily RSI line shows a bullish spike, as it crosses 70% to enter the overbought zone. Currently, at 76, the RSI shows a short dip but sustains the trend.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/top-reasons-why-bitcoin-price-will-hit-100k-in-2024-crypto-expert-lark-daviss-bold-prediction/">Top Reasons Why Bitcoin Price Will Hit $100K in 2024 – Crypto Expert Lark Davis’s Bold Prediction</a> 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-reach-1">Will HBAR Price Rise Reach $1?</h2> 
Currently, the HBAR price trend is gaining momentum and projects a strong bullish trend in motion. Further, with the market recovery and the upcoming Halving event, the altcoin can reach the dream point of $1. However, the short-term obstacles reflect a resistance at $0.12 and the $0.1699 mark.&nbsp;

HBAR Price Breaks $0.10 With 50% Upside Potential

Table of Contents

CoinPedia News

Другие статьи, опубликованные 20 февр. 2024 г.

Spectacular rise of Ethereum: Are we on the verge of the altseason?

Polygon (MATIC) Price Reaches $1 – These Analysts Predict $2 Could be Next Target

Long-Dormant ETH Whale Reactivates $10.4 Million Wallet

Dogecoin: Top Reasons Why Price is Pumping

Ripple CTO Explains How 40.7 Billion XRP in Escrow Can Be Burned

Tron (TRX) investors add DeeStream (DST) after Binance Coin (BNB) funds puts huge investments int...

Join our free newsletter for daily crypto updates!