- Hedera (HBAR) Price Rally: Is a New ATH Coming in 2025?
Hedera (HBAR) has experienced a remarkable surge in price, sparking a wave of excitement in the cryptocurrency market. After more than 1,000 days of downtrend, the token has rallied 7x in just four weeks, signaling a pivotal shift in market sentiment. This drastic price movement has propelled Hedera Hashgraph into the spotlight, overtaking many other altcoins and capturing the top position for market and social activity, according to Lunar Crush.
Hedera’s blockchain, known for its speed, security, and efficiency, presents itself as a strong contender in the blockchain space, offering an alternative to traditional networks. With the significant rally, the big question remains: will HBAR break its current resistance and set a new all-time high (ATH) in 2025?
HBAR’s Bullish Momentum: What’s Next?
HBAR’s long-term price action suggests that the rally is far from over. Currently, the price is approaching key resistance at $0.5701, just below its ATH. If it can break through this level, it could signal the beginning of a new bullish phase, potentially pushing the price past the $1 mark.
The On-Balance Volume (OBV) indicator has shown a massive uptick, breaking a prolonged period of stagnation. This rise in volume further indicates that the bull run may just be getting started, with higher price targets in sight.
Key levels to monitor include the 1.2 FIB at $0.715 and the 1.6 FIB at $0.910. These levels represent significant milestones that could pave the way for HBAR to surpass the $1 mark. If HBAR can maintain this momentum and the broader market remains bullish, a new ATH could be within reach, potentially peaking at $1.2 to $1.5 in early 2025.
Potential Pullback and Support Levels
While the bullish outlook is strong, the monthly Relative Strength Index (RSI) has entered overbought territory, mirroring the highs seen in 2021. This could lead to a short-term pullback as selling pressure is absorbed. Should a correction occur, the 0.5 FIB support zone, between $0.38 and $0.455, could act as a solid foundation for a rebound.
Also Read: Hedera (HBAR) Soars 70% in a Week: Is a Price Correction Imminent as Bearish Signals Emerge?
HBAR’s Path to $1 and Beyond
In conclusion, Hedera’s (HBAR) price rally shows strong potential to reach $1 in the early weeks of 2025. If market conditions remain favorable, the token could continue its upward trajectory, surpassing its ATH and pushing towards $1.2 to $1.5. Investors should closely watch key resistance levels, the OBV trend, and potential pullbacks to assess the ongoing strength of this bullish momentum.
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.
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