In the bull market, the altcoins are ending their hibernation phase and picking up pace as the Bitcoin forms a new all-time high. Amidst this recovery, the HBAR price shows a positive trend gaining momentum with a surge in trading volume. 

Moreover, the Hedera price surpasses the psychological mark of $0.10 and projects a stronger trend on the upside. As the buyers continue to fuel the uptrend, the bull run gains momentum teasing a new breakout run. 

Well, as the demand grows in the altcoins sector, the HBAR price predictions hint at a bull run to $1. 

Is Hedera Fast Enough To Cross $0.15?

With a double-bottom breakout in the weekly chart, the HBAR price ignites a trend reversal, driving the ongoing bull run. This breakout rally surpasses the psychological mark of $0.10 and accounts for a 90% hike in the market value. 

Source- TradingView

Further, the price jump comes with a surge in trading volume, resulting in five consecutive bullish candles in the weekly chart. Currently, the HBAR price is trading at $0.1372 with an intraday gain of 8.72% as the bulls are on a buying spree. 

Further, the bullish reversal in the 50 EMA teases a golden crossover event in the weekly chart.

Technical indicator:

RSI indicator: The daily Relative Strength Index (RSI) exhibits a bullish surge, surpassing the 70% threshold to venture into the overbought territory.  

Will HBAR Price Rise To $0.25?

In the weekly chart, the bull run surpasses the $0.13 mark and awaits a bullish closing for a further uptrend. Further, the crossing event can bring an entry opportunity for sideline traders if the day ends on a bullish note for Hedera. 

Considering the uptrend sustains above the 23.60% Fibonacci level, the HBAR price can reach the 50% Fibonacci level at $0.24. However, a potential pit stop is possible at $0.20.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed