CandleFocus Hedera Hashgraph price analysis as experts see HBAR hitting $1
2024-11-30
Author: Content Editor
The Hedera Hashgraph (HBAR) price has been on a strong bullish trend, jumping by over 300% from its lowest point this year. Crypto analysts are extremely bullish on HBAR, with predictions ranging from $0.20 to as high as $15. The network's total value locked (TVL) has also seen a significant increase, reaching its highest level since April. The volume of cryptocurrency traded in Hedera's DEX protocols has been steadily rising, with a record weekly volume of over $132 million. The potential approval of a spot HBAR ETF by Canary Capital is seen as another catalyst for the token's growth. The daily chart shows a strong uptrend, with a golden cross pattern formed and indicators such as RSI and MACD signaling bullishness. The HBAR price has also formed a cup and handle pattern, suggesting a potential surge to $0.28. However, the bullish view would be invalidated if the price falls below the support at $0.14.
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