Hedera (HBAR) aims to return to a $14 billion market cap
Hedera (HBAR) is showing signs of a strong recovery after a brief decline, aiming for a market capitalization of $14 billion, its highest ever since its 2019 launch. Currently, HBAR's market capitalization stands at $10.11 billion, but has increased in price by 600% recently, reflecting investor confidence in the altcoin's long-term potential. Although HBAR price recently dropped from 0.38 USD to 0.30 USD, in the past 24 hours there have been signs of rebound, showing strong buying demand. Data from Santiment shows a significant increase in community attention towards HBAR, with the social dominance index reaching 1.14%, contributing to bullish sentiment and supporting the price. Technical analysis shows that a "bullish flag" pattern is forming, potentially bringing HBAR price to 0.45 USD in the short term. However, if selling pressure increases, the price could drop to $0.17.
