Hedera (HBAR) Price Poised for All-Time High as Technical and Fundamental Factors Align

Hedera's HBAR token is showing bullish signals that suggest it could soon start a rally to a new all-time high.

Hedera’s (HBAR) HBAR token is displaying bullish technical signals that suggest it could be preparing for a rally to a new all-time high. Crypto Winkle, a leading market analyst, highlights Grayscale’s recent ETF filing as a key catalyst. Only one final resistance level remains to be cleared before reaching potential all-time high levels.

Crypto Winkle notes that HBAR has gained attention for its hashgraph technology, known for faster speeds and superior security compared to traditional blockchains.

Additionally, the involvement of major tech giants such as Google and IBM as members of the Hedera council adds significant credibility to the project.

HBAR Price Chart Shows Strong Support, Key Resistance

In the chart analysis presented by Crypto Winkle, a crucial support zone has been holding strong at around $0.20, leading to a clear bullish reversal in the last few days. Currently, HBAR is encountering resistance at a key zone around the $0.25 level. A breakout above this resistance could spark a significant upward move.

The MACD indicator is indicating increasing momentum, with its blue line preparing to cross above the orange signal line.

“The technical setup is forming, we’re seeing higher lows form while momentum builds. These signs typically lead to strong upward moves. I expect a spike once the $0.25 resistance breaks. Once this final barrier breaks, we’ll be seeing new all-time highs.”

Fundamental Factors to Support Hedera Price Growth

HBAR’s fundamentals are just as promising as its technical signals. The network is capable of processing over 10,000 transactions per second with minimal fees. This speed makes it appealing for businesses developing real-world applications.

A council of 39 global companies manages Hedera, providing stability and trust to the project.

This factor, combined with Grayscale’s recent interest in filing for an ETF, showcases HBAR’s increasing recognition. The token also has a fixed supply of 50 billion, which could drive prices upward as more users join the network.

New partnerships in industries like finance, gaming, and healthcare are continually expanding Hedera’s presence.