The Hedera price did fairly well during the recent market crashes. HBAR dipped around 50% from its local high at $0.375 that was set in January.
Most other altcoins are down way more than 50% so HBAR holders should be reasonably satisfied, but what’s next? Analyst ‘WSB Trader Rocko’, who has over 47k followers on X, posted a viral Hedera price prediction.
What you'll learn 👉
HBAR Chart Analysis
The HBAR chart highlights a strong resistance zone around the $0.26 – $0.30 range. This region has previously acted as a distribution area where price faced rejection multiple times. Similar resistance patterns were seen in early 2021 and mid-2021 with both leading to big downward corrections.
The HBAR price is currently trading at $0.195, so it’s still struggling to break into the resistance zone. Despite a decent rally recently, Hedera hasn’t yet confirmed a decisive breakout above this key area. If HBAR can break through and hold above the $0.26-$0.30 resistance, it could follow Bitcoin’s past pattern and enter price discovery mode.
A decisive weekly close above resistance would be a bullish confirmation signal for traders. However, with the current low volumes on the market, this doesn’t seem likely.
$HBAR chart giving me #Bitcoin pre-$70K breakout vibes!!
— WSB Trader Rocko 🚀🚀🚀 (@traderrocko) March 14, 2025
Send it #Hedera🤝$5 🚀🚀 pic.twitter.com/8IvFuNZv8k
The RSI indicator appears near overbought levels, suggesting that a correction or consolidation may be needed before a potential breakout. There was a noticeable increase in trading volume as price approached resistance, and the 50-week moving average (shown by the green line) is trending upwards, supporting the overall bullish momentum.
If a rejection occurs at the resistance zone, key support levels to watch would be the $0.15 – $0.16 range, which served as a previous consolidation area, and the $0.12 – $0.14 zone, which has historically been a strong demand area.
(Un)Realistic HBAR Price Prediction
The tweet suggests that HBAR’s current price action resembles Bitcoin’s breakout past $70K. Before Bitcoin’s massive move, it faced multiple rejections at the $60K-$70K resistance. Once it finally flipped this area to support, it entered price discovery mode and reached new highs.
HBAR appears to be at a similar stage, attempting to break above a key multi-year resistance level. If HBAR follows Bitcoin’s structure, we might see a breakout above $0.30, followed by a retest of the resistance as support, potentially leading to an exponential price surge toward new highs.
The tweet includes “$5” as a target, implying an extremely bullish outlook. If the Hedera price were to reach $5, that would represent a 2,500% increase from its current price of $0.195. Such a move would likely require significant adoption of Hedera’s network, strong overall conditions in the altcoin market, and a major parabolic bull run similar to those seen in previous market cycles.
Beyond Hedera: What’s the Best Crypto to Buy Now?
If you are looking for early-stage cryptos, then Solaxy could be the answer. Solaxy’s token SOLX is currently one of the hottest presales in the crypto market, having raised over $26.3 million so far. If you’re looking for a potentially undervalued crypto, this project might be worth researching. The token is priced at just $0.001664, with increases scheduled every 48 hours before its launch in the coming weeks.
Solaxy works as a Layer 2 solution designed to solve Solana’s network congestion problems. It handles transactions on a secondary chain, making everything faster and cheaper for users.
What is Solaxy? 🤔
— SOLAXY (@SOLAXYTOKEN) March 13, 2025
Solaxy is the latest and greatest improvement to Solana that:
🛸 Processes transactions off-chain to reduce congestion
🛸 Uses rollups to bundle transactions for cost-efficiency
🛸 Maintaining security on Solana’s L1
The result? A faster, cheaper, &… pic.twitter.com/aphIimSVOy
The platform moves most activity away from Solana’s main chain to reduce traffic during busy times, like when everyone’s trading meme coins. It bundles multiple transactions together for efficiency and works with both Solana and Ethereum, so users can move assets between these popular networks.
Transactions happen on Solaxy’s chain first before settling on Solana, giving users the security benefits without the congestion issues. This connection between Solana and Ethereum allows users to take advantage of both networks’ strengths.
The SOLX token drives the entire ecosystem with a total supply of 138.046 billion tokens. With its strong presale performance and practical approach to solving real blockchain problems, Solaxy has caught the attention of many crypto enthusiasts looking for new altcoins.
Read also: Best Low-Cost Altcoins Under $0.05 With 1000x Growth Potential
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
