The recent rocket-like price surge of $HBAR indicates that the market focus is shifting from other altcoins to this token with unlimited potential.
As its underlying chain, Hedera Hashgraph is gradually becoming a powerful challenger to traditional blockchain technology with its excellent speed, efficiency and security.
In this context, HBAR has been crowned the top altcoin on the Lunar Crush platform with its outstanding market performance and social activity.
In just four weeks, HBAR prices have successfully reversed a thousand-day slump, which makes people wonder how high their prices can reach in this booming market.
HBAR’s weak performance in the past has disappointed market participants, who often complain about the lack of participation in the governance committee.
However, with the price soaring 7 times, a new historical high seems to be within reach, but will HBAR's rise stop at $1, or will it continue to break through and achieve greater success in 2025?
Judging from the long-term price trend of HBAR, its upward trend has accumulated strong momentum and is steadily moving towards the bull market range.
The price is approaching the last resistance area below the all-time high at $0.5701, and the 0.618 Fibonacci retracement level.
Once these key levels are broken, not only will the price set a new record, but it will also break through the trend line and officially enter a bull market. In addition, after years of silence, the sharp rise with the surge in trading volume indicates that this bull market has just begun and higher price targets are waiting to be unlocked.
For HBAR price to continue climbing, it needs to break above its all-time high and stabilize above the 1.2 Fibonacci Extension level of $0.715 and the 1.6 Fibonacci Extension level of $0.910.
A breakout of these key levels would lay a solid foundation for its price to break through the $1 mark, while the monthly relative strength index has entered overbought territory and hit the 2021 high, suggesting a small pullback in the short term to release potential selling pressure.
In this case, the 0.5 Fibonacci Retracement level, currently located between $0.38 and $0.455, could act as a solid support area, triggering a healthy rebound.
HBAR’s price rally is poised to take off and could easily cross the $1 mark by early 2025.
