CandleFocus Hedera Hashgraph price soars as predicted: What’s next for HBAR?
2024-12-24
Author: Content Editor
Hedera Hashgraph's price has experienced a significant rebound, rising over 30% from its lowest point last week. This increase in value aligns with the recovery of other popular altcoins such as Helium, JasmyCoin, and VeChain. The rally is likely driven by sentiment and technical factors, as there is no specific news related to Hedera Hashgraph to explain the surge. Traders' sentiment improved after Canary Capital applied for the first spot in the Hedera ETF, leading to speculation that the Securities and Exchange Commission may approve the HBAR fund easily. Additionally, the drop in futures open interest and the formation of bullish patterns on the charts further support the bullish outlook for the HBAR price. The next key milestone to monitor is the year-to-date high of $0.40, representing a 20% increase from the current level.
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