HBAR price prediction:

Can Hedera hit $1?

Hedera’s token was trading at $0.2185 on Monday, meaning that it needs to jump by 375% to reach the psychological milestone of $1. Such a move would bring its market cap to $42 billion, a significant increase from the current $8.8 billion.

HBAR’s historical performance shows that a 375% increase from the current level is possible, as it has had similar rallies in the past.

The weekly chart shows that HBAR price bottomed at $0.1246 in April and then bounced back to $0.2185. It has moved above the key resistance level at $0.1815, the highest swing on April 22 last year — and the neckline of the double-bottom pattern at $0.04172.

Hedera’s token has moved above the 50-week Exponential Moving Average and the major S/R pivot point of the Murrey Math Lines tool. Moving above that pivot point is often seen as a highly bullish signal. #AltcoinSeasonLoading