Analyst The Crypto Mark recently broke down Hedera’s (HBAR) performance, covering key technical indicators and external factors influencing its price. His analysis also explored potential market shifts, including the impact of Donald Trump’s second term on U.S. crypto regulations. Moreover, he highlighted the possibility of the token surging to new highs soon.
What you'll learn 👉
HBAR’s Market Surge and Growth Trajectory
The Crypto Mark emphasized HBAR’s price increase, pointing out that it has increased from $0.04 to almost $0.35 in a year. Returns for early investors who purchased at a discount have reached nine times.
After rising 20 spots in the last year, HBAR is currently ranked 16th in terms of market value. It has performed well, but the price activity has been slow lately. The analyst suggested this could indicate temporary market exhaustion.
On-chain metrics showed $14 million in outflows over the last 24 hours at the time of the video recording. This movement suggests some investors are taking profits after HBAR’s rally. However, the analyst remained optimistic about its long-term potential.
Will HBAR Reach a New ATH?
According to the analyst, HBAR might reach $0.45 with a 22% growth. Its previous all-time high of $0.5692, set in September 2021, is still a crucial aim. HBAR would need to increase by about 76% from its present price level of $0.3237 to regain that level.
Despite this gap, technical indicators remain bullish. The RSI is in the overbought zone, signaling strong momentum. Additionally, the 200-day EMA suggests further upside potential. If HBAR breaks the $0.38 resistance, it could trigger a push toward $0.45.
Read also: Why Is the Crypto Market Down Today as Bitcoin Drops Near $100k
The Trump Effect and Market Trends
The discussion also touched on the broader market landscape. The Crypto Mark speculated that Trump’s second term could impact crypto regulations and potentially benefit HBAR. As an American-based blockchain project, Hedera might see new integrations and collaborations. However, its exclusion from the Coinbase 50 Index raised some concerns.
Meanwhile, meme coin hype and liquidity shifts have impacted market dynamics. Many traders expected HBAR to rally further, but broader market uncertainty has kept price movements unpredictable.
A Strong Contender for 2025
Despite short-term volatility, the analyst remained bullish on HBAR. With strong technical indicators, institutional backing, and potential regulatory advantages, Hedera could be poised for further growth. The coming months will be crucial in determining whether HBAR can break past its previous highs and establish new records in 2025.
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