HBAR has risen by more than 70% recently, amidst the strong performance of Bitcoin, frequent RWA partnerships, and the warming expectations of ETFs. The market is debating whether it can challenge the $1 mark. This article will analyze its upward potential from three core driving factors.
Market newcomer HBAR: short-term rise exceeds 70%, igniting market attention
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As the entire crypto market enters a new round of upward cycle, Hedera Network’s native token HBAR has become one of the outstanding mid-cap assets. Since rebounding from the April low, HBAR has accumulated a rise of over 70% and broken through multiple key technical resistance levels, attracting widespread market attention. The current price is around 0.22 US dollars, with nearly 375% room to rise to 1 US dollar. Despite the challenges, from the perspective of trend and logic, it is not impossible.
Institutional perspective shift, Hedera is being revalued
In recent years, Hedera, with its Hashgraph consensus mechanism and high throughput, has gradually evolved from a “non-Ethereum-based” edge public chain to a popular choice for RWA and enterprise applications. Recently, its tokenized asset pilot projects in cooperation with institutions such as Tokeny and Credit Agricole have been highly praised by the market, demonstrating its practical business implementation capabilities.
In addition, multiple institutions are re-examining the asset properties of HBAR, including Grayscale and Canary Capital, both of which have submitted HBAR ETF applications to the SEC. Although not yet approved, this trend indicates a rapid increase in market recognition of its compliance and growth potential.
The bitcoin market drives the flow of funds into market value tokens
Bitcoin recently broke through $70,000, with ETF funds continuing to flow in, driving up overall market risk appetite. Funds are starting to spread from BTC to ETH, and then to high-growth tokens with medium market value such as SOL, HBAR, etc.
This rotation effect is a typical characteristic of a bull market structure. Data shows that in the past few bull markets, after Bitcoin reached a new high, the average increase in the prices of high-quality small and medium-sized coins exceeded 200%. If HBAR can successfully hold above $0.30, its upside potential will further open up, and the target price could reach $0.58 or even $1.
Continuous improvement in on-chain data and transaction structure
From the on-chain data, the daily average number of transactions, network activity, self-custody wallet count, and other indicators of the HBAR network are at high levels compared to the past year.
On the technical front, HBAR has completed a round of bottom structure construction, and the daily chart shows a “W-shaped reversal” pattern, successfully breaking through the neckline at $0.18. In addition, momentum indicators such as MACD and RSI are also trending upwards, indicating buying dominance in the market.
In the derivatives market, the proportion of long leverage funds has increased, and the open interest has slightly increased, indicating an overall optimistic market sentiment.
What obstacles need to be overcome to reach 1 US dollar?
Although HBAR has the foundation for a rise, there are several practical challenges to truly breaking through $1.
- Market capitalization pressure: calculated at 1 US dollar, the total market capitalization of HBAR will reach 420 billion US dollars, requiring a large amount of new funds to be attracted.
- Policy Uncertainty: The approval of ETFs is still uncertain, and regulatory attitudes may affect market expectations.
- Technical suppression range: If the price is blocked at $0.396 or $0.58, it will face strong pullback risks.
- Ecological progress rhythm: Although cooperation news is frequent, large-scale landing still needs time to verify.
How should novice investors allocate their investments?
For beginners, when facing growth assets such as HBAR, it is recommended to follow the following three principles:
- Small position testing, avoid heavy position chasing high
The current rise is significant, it is recommended to try opening a position with a capital allocation of 10%-20%, and set a stop-loss level (such as $0.16). - Mainly engaged in swing trading, holding potential positions for a suitable period
Short-term focus on $0.30 and $0.3965 as the first target, while the long-term target is the historical high of $0.58 and the $1 mark. - Pay attention to policy and project updates
Focus on tracking ETF approval progress, official new partnerships announced by Hedera, and changes in Bitcoin trends as operational basis.
Summary: HBAR’s push to $1 is not just talk, but the path still needs resonance
As the core token of the Hedera network, HBAR has the potential to challenge $1 driven by technology, fundamentals, and market sentiment. However, this goal is not easy to achieve in the short term and requires multiple positive factors to resonate, while the overall market trend of Bitcoin also needs to remain strong.
For ordinary investors, instead of blindly chasing highs, it is better to focus on structural opportunities, seize short-term fluctuations, and control risks. A bull market is not achieved overnight, but is built with confidence and profits through continuous selection.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
