{"id":102165,"date":"2024-11-29T21:22:54","date_gmt":"2024-11-30T01:22:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102165"},"modified":"2024-11-29T21:23:02","modified_gmt":"2024-11-30T01:23:02","slug":"hedera-hbar-price-shoot-25-analyst-predicts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hedera-hbar-price-shoot-25-analyst-predicts\/","title":{"rendered":"Hedera (HBAR) Price Shoots 25% As Analyst Predicts Rally"},"content":{"rendered":"\n

Investor enthusiasm is sparked by the 25% increase in Hedera (HBAR) <\/a>to a two-year high, which is attributed to bullish signals and Fed integration.<\/p>\n\n\n\n

\"Hedera
Hedera (HBAR) Price Shoots 25% As Analyst Predicts Rally<\/em><\/figcaption><\/figure>\n\n\n\n

The price of Hedera (HBAR) has experienced a bullish shift in the past 24 hours, reaching a two-year high of $0.1808 before encountering resistance. Despite the resistance, the HBAR price was trading at $0.1823 at press time, a 25% increase from the intra-day low.<\/p>\n\n\n\n

During the rally, the trading volume and market capitalization of Hedera (HBAR) increased by 261% and 25%, respectively, reaching $954.36 million and $6.92 billion.<\/p>\n\n\n\n

Price of Hedera (HBAR) increase<\/strong>s by 25%<\/strong><\/h3>\n\n\n\n

The price of Hedera (HBAR) has exhibited a robust upward trend, further bolstered by technical indicators that indicate sustained bullish trends following a rise of more than 25%. A “golden cross” was recently formed when the HBAR price crossed both its 50-day (SMA 50) and 200-day (SMA 200) simple moving averages.<\/p>\n\n\n\n

The current price of the SMA 50 is $0.07545, while the SMA 200 is $0.07169. Both are significantly lower than the current price.<\/p>\n\n\n\n

\"HBAR\/USD
HBAR\/USD price chart (Source: TradingView)<\/figcaption><\/figure>\n\n\n\n

The Relative Strength Index (RSI) for HBAR has reached 78.56, which is on the cusp of the overbought zone of 80. This implies robust purchasing activity but also suggests a potential price consolidation, as traders may take profits. Nevertheless, analysts continue to express optimism, with Javon Marks predicting a possible rally to $0.504, which would represent a 192% increase from current levels.<\/p>\n\n\n\n

Increase in market activity enhances investor confidence<\/strong><\/h3>\n\n\n\n

The price increase in HBAR has been accompanied by a rise in open interest and trading activity, which suggests that market participation is on the rise. Open interest increased by 48.26% to $208.25 million, while trading volume increased by 261% to $954.36 million in 24 hours.<\/p>\n\n\n\n

This increase implies that new capital is entering the market, which could support a sustained upward price movement.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The current movement of Hedera (HBAR) is consistent with Elliott Wave theory, which implies that there is a possibility of an additional high shortly, as per More Crypto Online. Key resistance levels at $0.176, $0.20, and $0.23 are being monitored by analysts. A breakout above these levels could further validate the favorable trend.<\/p>\n\n\n\n

Federal Reserve Collaboration Fosters Positive Sentiment<\/strong><\/h3>\n\n\n\n

The recent price increase of HBAR is bolstered by its expanding involvement in blockchain-based federal payment systems. Dropp facilitates the integration of Hedera into the Federal Reserve's FedNow payment platform, which enables real-time payments with enhanced security and efficiency.<\/p>\n\n\n\n

Furthermore, it is anticipated that Ripple (XRP), which has collaborated with Hedera to facilitate USD transactions, will obtain regulatory authorization to introduce its RLUSD stablecoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in December 2024. This partnership could improve the interoperability between Ripple and Hedera, bolstering the adoption of HBAR in the payments sector.<\/p>\n\n\n\n

At the same time, HBAR traders are optimistic about the prospective approval of a Hedera exchange-traded fund (ETF) submitted by Canary Capital to the U.S. Securities and Exchange Commission (SEC)<\/a>. The potential for an ETF approval under Trump's administration is high, as Gary Gensler has resigned as SEC chairman. This could result in a broader exposure for institutional investors, which could drive further price increases in HBAR.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investor enthusiasm is sparked by the 25% increase in Hedera (HBAR) to a two-year high, which is attributed to bullish signals and Fed integration. The price of Hedera (HBAR) has experienced a bullish shift in the past 24 hours, reaching a two-year high of $0.1808 before encountering resistance. Despite the resistance, the HBAR price was […]<\/p>\n","protected":false},"author":59,"featured_media":77156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18531,3864,4288],"class_list":["post-102165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hbar-2","tag-hedera","tag-us-sec"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/Hedera-HBAR-Price-Rises-100-After-BlackRock-Development.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102165"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/77156"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}