After a brief decline, Hedera (HBAR) is showing signs of recovery, with a market capitalization target of 14 billion USD, the highest ever recorded since its launch in 2019.
According to data from Santiment, HBAR is increasingly gaining significant attention from the community, with a social dominance index of 1.14%.
This indicates that HBAR is not only being discussed more but also experiencing increased interest from investors.
The rise in social attention often brings about optimistic sentiment, positively supporting the price and market capitalization of a cryptocurrency asset.
A bull flag pattern is forming on HBAR's price chart. This is a signal that the upward trend may continue after the current consolidation phase.
If this pattern completes, the price of HBAR could reach the 0.45 USD mark in the short term. However, in the event of increased selling pressure, the price may revert to the support area of 0.17 USD.
