CandleFocus

Hedera Analyst Thinks HBAR Will Easily 30X After Sinking 70% In 6 Months

Author: Content Editor
The Hedera platform and its native token, HBAR, faced challenges from bearish market sentiment in early October, resulting in a double top pattern. However, there is optimism that bulls will resume and push prices higher, depending on market performance and project fundamentals. One analyst predicts that HBAR could see significant gains, potentially reaching $6, mirroring Cardano's previous cycle. Currently, technical analysis suggests a favoring of sellers, but the token has found stability after a dump from April highs. Breaking above the resistance level could trigger an uptrend and drive HBAR to $0.18. Additionally, fundamental factors such as the release of the United States HBAR Trust and the launch of the Asset Tokenization studio could drive demand and lift prices. Tokenization of real-world assets is predicted to grow rapidly in the coming years, with over $12.7 billion worth of RWAs already tokenized.

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