Will Hedera (HBAR) Really See a 100x Rally with ETF Rumors Heating Up?

As of January 21, 2025, Hedera (HBAR) is trading at $0.3394. With a market capitalization of approximately $12.97 billion and a 24-hour trading volume of $835.8 million, HBAR remains highly active.

Hedera (CRYPTO: HBAR) was buzzing in 2024 with major ecosystem developments, including a $408 million HBAR allocation for growth and partnerships with Nvidia and Chainlink to integrate AI and advanced data solutions.

Now, as ETF rumors continue to heat up, sparking investor interest, the question remains: Is a 100x rally in the cards for Hedera? Let's delve into the details.

As of January 21, 2025, Hedera (HBAR) is trading at $0.3394. With a market capitalization of approximately $12.97 billion and a 24-hour trading volume of $835.8 million, HBAR remains highly active.

The circulating supply stands at 38,266,149,210 HBAR. Hedera reached its all-time high of $0.5692 on September 15, 2021, and its all-time low of $0.009861 on January 2, 2020.

HBAR's key support levels are $0.333 and $0.232, while resistance levels are $0.3484, $0.55, and $2.30.

The RSI stands at 48 right now, which means SOL is in the neutral zone.

One major highlight is the filing of an HBAR exchange-traded fund (ETF) by Canary Capital Group with the U.S. Securities and Exchange Commission in November 2024. If approved, this ETF would give investors direct access to HBAR.

Beyond the ETF buzz, Hedera is making big moves to grow its ecosystem.

The Hedera Global Governing Council recently approved a massive allocation of 4.86 billion HBAR, worth around $408 million, to fund ecosystem development and improve decentralized governance.

The project is also forming key partnerships to expand its capabilities. Collaborations with heavyweights like Nvidia and Chainlink aim to bring artificial intelligence and advanced data oracles into the network.

These partnerships are expected to boost HBAR’s adoption and utility across different industries.

Crypto analyst on X, Bobby A, suggests that HBAR is forming a bullish pattern, specifically a bull flag, and could target its 4.236 Fibonacci extension level at $2.30.

The Universal Soldier predicts that HBAR will reach $0.50, which he identifies as a major resistance level, followed by potential targets of $1 and $3.