HBAR Breakout Nears as Positive Momentum Surges—Can It Overtake Toncoin and SHIB?

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Hedera (HBAR) has demonstrated significant upward momentum in the past 24 hours, climbing from a daily low of $0.171 to $0.1839 at press time. This impressive 7% surge has further extended its weekly gains to a notable 17%, propelling HBAR to become the 18th largest cryptocurrency by market capitalization. Currently trailing Toncoin (TON) by a mere $7 million, analysts suggest that HBAR is poised to overtake TON for the 17th position and subsequently set its sights on the 16th spot, presently held by Shiba Inu (SHIB).

Trading activity for HBAR has mirrored its price surge, with its 24-hour trading volume jumping by an impressive 36% to $227 million. Moreover, key market indicators suggest that this bullish trend may have further room to run.

Technical Indicators Signal Strengthening Bullish Trend for HBAR

An analysis of Hedera’s Directional Movement Index (DMI) reveals a gradual build-up of momentum. The Average Directional Index (ADX) has risen from approximately 13.54 to 16.27, indicating a strengthening of the current trend, although it remains below the 20 threshold that typically signifies a strong trend. Concurrently, the Positive Directional Indicator (+DI) has increased from 14.19 to 22.6, interpreted by analysts as a rise in buying pressure. Notably, selling pressure appears to be waning, as evidenced by the decline in the Negative Directional Indicator (-DI) from 17.54 to 13.24.

Further reinforcing the bullish outlook is Hedera’s Ichimoku Cloud chart. The price action has moved decisively above the Kumo cloud, which itself has shifted from green to red. This transition suggests that the ongoing uptrend could persist, barring any significant bearish catalysts.

Adding to this positive sentiment, a golden cross appears to be forming on HBAR’s Exponential Moving Average (EMA) lines, a technical pattern often associated with the beginning of a significant upward price movement, potentially targeting the $2.0 mark in the short term. Previous analysis suggests HBAR could rally towards $0.225 and then $0.258 under favorable market conditions. However, failure to maintain this momentum could lead to a price correction down to $0.15 and potentially $0.125.

Strategic Partnerships Fueling HBAR’s Growth Potential

Beyond the encouraging technical analysis, Hedera‘s recent strategic collaborations and partnerships are expected to contribute to its price appreciation. The integration of HBAR into the fiat-to-crypto platform of Singapore-based payment provider Alchemy Pay expands its accessibility.

Furthermore, the Hedera Foundation’s recent membership in the ERC3643 Association aims to enhance real-world asset tokenization using the ERC-3643 standard, allowing the foundation to leverage this standard without compromising its technological efficiency. These developments underscore a growing ecosystem and utility for HBAR, potentially providing a fundamental basis for sustained growth.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: HBAR Price Prediction 2025–2031: Will Hedera Hashgraph Retest Its All-Time High?