The post Will HBAR Price Skyrocket To $0.9? appeared on BitcoinEthereumNews.com.

Hedera Hashgraph’s Hedera (HBAR) token is currently facing downward pressure as the global crypto market is in turmoil. However, the HBAR price is poised for a notable upsurge, primarily driven by the platform’s major developments. HBAR Price To Reach $1.9: Analyst Insights Crypto enthusiast Merlijn The Trader shared an X post, predicting the HBAR price’s potential upswing. Positing that a higher move is imminent, the trader wrote, “HBAR is ready for liftoff.” According to his analysis, the HBAR price will reach a high of $0.3 in the near future. Notably, Merlijn The Trader’s analysis highlighted HBAR’s robust retest of a crucial resistance level, maintaining its parabolic structure and gaining momentum for a potential upward move. Meanwhile, another prominent figure, Solberg Invest, provided a more ambitious forecast. According to the crypto aspirant, the HBAR price could reach even the $0.9 mark. Is History Being Repeated? In his X post, analyst Rekt Capital, HBAR’s Relative Strength Index (RSI) showed overbought signs, similar to those seen in 2021. Thus, HBAR’s price has pulled back to a specific area, marked as an orange circle within the graph. In 2021, when HBAR’s price stabilized around $1.5, it sparked a significant bullish rally. The rally pushed the token to a high of around $5. With HBAR currently hovering around the same level as in 2021, the analyst predicts a potential repeat of the previous rally, driving the token’s price even higher. Meanwhile, CryptoELITES, a well-known analyst, has set an even more bold target of $75 for HBAR. As of press time, the HBAR is trading at $0.2442, marking a dip of 3.8% in a day. Over the last week and month, the token has seen massive declines of 21.4% and 22.6%, respectively. Only time will tell if the token can reach this lofty goal. What Drives…

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Filed under: News - @ February 6, 2025 11:20 am