Hedera's (HBAR) price surge is supported by strong chart structure and growing investor confidence, with analysts projecting a strong rally if the $0.17–$0.18 support zone holds.
HBAR price broke above key moving averages, signaling upward momentum and potential for further gains, currently trading near $0.175.
Analysts identify a technical price target of $0.30 based on bullish patterns and a breakout from a descending wedge pattern, estimating a 79% increase from the breakout level around $0.17.
HBAR's market capitalization has expanded to $7.30 billion, with the token ranking 23rd among all cryptocurrencies by market cap, as traders monitor key support and resistance levels for future price movements.