Excitement has grown around Hedera’s (HBAR) possibility to rise this market cycle. Some observers think HBAR may reach new heights as a result of bullish patterns appearing on the charts and a surge of optimism in the cryptocurrency community.
Experts point to favorable technical indicators and broader market trends aligning in its favor. Adding to the intrigue are shifts in government policy that could further fuel its rise. Could $3 really be within reach for HBAR this cycle?
What you'll learn 👉
Hedera’s Bullish Technicals Signal Breakout Potential
Crypto analyst “Crypto Kip” highlighted a strong bull flag formation on HBAR’s weekly chart. According to him, this pattern indicates a potential price breakout. He emphasized that the technical structure supports a significant upward trajectory.
He noted that a short-term target of $0.52 could soon be within reach, representing a 40% surge. Long-term, he predicted a price of $3, calling it an “achievable” target in the ongoing bull market. The analysis hinges on the flagpole’s height and the flag’s breakout to the upside.
At the time of the analysis, HBAR was trading around $0.37, and a move to $3 would represent an 8.45x increase. This projection has interested traders eager to capitalize on potential gains. “This is breaking out to the upside,” Crypto Kip stated, reinforcing his optimism for the coin’s trajectory.
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Market Sentiment Boosts Confidence
Broader market trends are also playing a pivotal role in HBAR’s rise. Bitcoin is nearing its highest daily close, suggesting a bullish trend across the crypto market. HBAR, nearing weekly highs, is entering price discovery mode.
“HBAR is absolutely exploding,” Crypto Kip remarked, emphasizing the coin’s momentum. The alignment of Bitcoin’s strength and altcoin performance further supports HBAR’s growth potential.
Regulatory Shifts Create Opportunity for HBAR
Crypto Kip also highlighted the potential impact of U.S. government policies on the crypto market. He mentioned recent moves towards pro-crypto regulations, reversing previous anti-crypto stances.
Coins compliant with ISO 20022 standards, including HBAR, stand to benefit. “We’re reversing some of the anti-crypto policies,” he said, pointing to increased institutional adoption and regulatory clarity as catalysts for growth.
Crypto Kip expressed strong optimism about HBAR’s future, driven by robust technicals and favorable market conditions. He reiterated that $3 is within reach this cycle, given current trends. The video concluded with a call for active engagement, urging viewers to track updates and capitalize on opportunities.
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