The post Analyst Targets 123% as ETF Odds Hit 90% appeared on BitcoinEthereumNews.com.

HBAR price has gained attention in recent weeks as Hedera price continues to attract both analysts and investors. The asset has formed strong technical structures on higher timeframes, pointing toward possible significant movement ahead. However, broader market sentiment and institutional news may shape how HBAR performs in the coming weeks. HBAR Price Action: Targets Align With Analyst’s Bullish Chart According to analyst Javon Marks, HBAR price is positioned for another major upward leg after clearing earlier resistance levels. His chart highlights a projected 123% rally, with the first major target around $0.504, followed by a secondary level just under $1. The breakout structure suggests Hedera price has already carved out a reversal zone that supports this outlook. Importantly, the asset has consistently held higher lows, signaling strong market conviction. The analyst emphasizes that a break above $0.504 could unlock a stronger continuation pattern. Therefore, this projection underlines the long-term HBAR price forecast as increasingly constructive. HBAR/USDT 6-Day Chart (Source: X/Javon Marks) On the one-week chart, HBAR price shows a bullish pennant flag structure that has formed following an explosive rally. The HBAR current value trades at $0.214, showing mild volatility after a sharp run-up earlier in the year. The pattern is defined by converging trendlines, trapping price action between resistance near $0.292 and support levels around $0.187. Price currently trades in the mid-range, with visible attempts to hold above $0.21, supported by the Parabolic SAR indicator. If buyers regain strength, a breakout toward $0.400 may be realistic, aligning with longer-term projections. However, rejection from the upper boundary could prolong consolidation. Ultimately, this setup reinforces the long-term HBAR price forecast as technically optimistic despite short-term pullbacks. HBAR/USDT 1-Week Chart (Source: TradingView) ETF Approval Odds Hit 90%: A Key Catalyst For Hedera Beyond charts, institutional interest adds further weight to the bullish…

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Filed under: News - @ September 6, 2025 10:20 pm