Key Highlights
- 12% daily surge in HBAR price, reaching $0.3988 (38% weekly growth).
- Coinbase Prime adds HBAR custody services, boosting institutional adoption.
- $2.72B trading volume (111% increase in 24 hours).
- Market cap hits $14.53B, ranking HBAR as 14th-largest crypto.
- Technical indicators signal potential new ATH of $0.57.
HBAR’s Remarkable Price Rally
Hedera’s native token HBAR has surged 38% in a week, nearing its 2021 all-time high of $0.4323. The rally follows Coinbase Prime’s announcement of institutional custody support, fueling investor confidence.
👉 Explore HBAR’s latest price trends
Market Drivers
- Institutional Adoption: Coinbase Prime’s integration provides secure storage for large-scale HBAR holdings.
- Political Sentiment: Discussions about altcoin inclusion in strategic reserves (e.g., Trump’s proposals) have spurred optimism.
- Technical Breakthrough: HBAR surpassed the 0.61 Fibonacci level, a bullish signal for further gains.
Technical Analysis
- Support Levels: $0.33 (previous resistance, now support).
- Resistance Targets: $0.46 (0.78 Fibonacci) en route to **$0.57 ATH**.
- Volume Surge: $2.72B in 24 hours confirms strong market participation.
HBAR’s higher lows/highs pattern and position above key moving averages suggest sustained upward momentum.
Institutional & Political Impact
- Coinbase Prime’s Move: Enhances liquidity and institutional access.
- Crypto Reserve Talks: Potential government adoption of altcoins like HBAR could reshape long-term demand.
👉 Why institutional custody matters for HBAR
FAQs
Q: What caused HBAR’s price surge?
A: Coinbase Prime integration, institutional interest, and bullish technical patterns.
Q: Can HBAR break its ATH?
A: Analysts project a $0.57 target if buying pressure persists.
Q: How does Trump’s policy affect HBAR?
A: Altcoin reserve discussions have positively influenced market sentiment.
Q: Is HBAR’s volume growth significant?
A: Yes—a 111% increase signals robust trading activity.
Conclusion
HBAR’s combination of institutional support, technical strength, and political tailwinds positions it for potential new highs. Watch the $0.46 resistance level for confirmation of upward continuation.
Disclaimer: This content is for informational purposes only and not financial advice.
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