Join Our Telegram channel to stay up to date on breaking news coverage
Hedera (HBAR) is poised for a significant breakthrough, fueled by its groundbreaking collaboration with SpaceX to integrate blockchain technology in space. As Donald Trump’s inauguration approaches on January 20, 2025, speculation is building about the potential impact of his pro-crypto stance on HBAR’s price. Will this perfect storm of innovation and favorable market conditions propel HBAR to unprecedented heights?
HBAR Key Statistics
- Current Price: $0.33
- Market Cap: $12.9 billion
- Trading Volume (24h): $1.40 billion
- Circulating Supply: 2 billion HBAR
- Total Supply: 50 billion HBAR
- CoinMarketCap Ranking: #17
Hedera’s HBAR token has ignited a fiery rally, blazing a 24% trail over the past seven days. The cryptocurrency’s 30-day journey has been a testament to its resilience, with a 15% surge that’s cemented its position as a force to be reckoned with. As the market continues to unfold, HBAR’s upward trajectory is writing a thrilling chapter in the cryptocurrency saga.
HBAR/USD Market
Key Levels
- Resistance: $0.35, $0.39, $0.45
- Support: $0.29, $0.23, $0.20
Hedera (HBAR) demonstrates a resilient upward trend, trading at $0.33 with a 3.54% daily increase. The Keltner Channels (KC) envelop the price within their bounds, indicating a moderate bullish momentum. Immediate resistance levels appear at $0.35, where recent candles have faced hesitation, followed by $0.39, which corresponds to the recent swing high. A stronger ceiling at $0.45 could serve as a pivotal breakout point should buyers dominate. Conversely, support resides at $0.29, a level repeatedly tested in recent consolidations, followed by $0.23, where the price found footing during earlier corrections. A breach below $0.23 may open the path to $0.20, a psychological level likely to attract interest from long-term investors.
The RSI, at 62.67, underscores underlying bullish potential while staying short of overbought territory. Should HBARUSD maintain its upward trajectory, it may spark renewed confidence, paving the way for further gains. However, any weakness could trigger a corrective pullback, with $0.29 acting as the first test of market sentiment. Traders should also monitor the RSI’s interaction with price to anticipate potential shifts, as a decisive breakout or breakdown will largely depend on how HBAR approaches these critical levels in the near term.
Could Political Events and Partnerships Trigger HBAR’s Bullish Surge?
Hedera (HBAR) is on track to retest its $0.39 high, currently trading at $0.33. The broader market’s stability, coupled with political developments like Donald Trump’s upcoming inauguration on January 20, could influence investors’ sentiment, further driving interest in blockchain projects like Hedera. Its partnership with SpaceX, integrating blockchain into satellite communication, showcases its scalability and utility, strengthening the case for a bullish move. A breakout above $0.35 could propel HBAR toward $0.39 and beyond.
Hedera (HBAR) Pumping Massively
Additionally, Hedera’s collaboration with EQTY Lab, Intel, and NVIDIA has introduced Verifiable Compute, addressing critical AI trust issues and expanding Hedera’s use cases. With strong support at $0.29 and broader market optimism, HBAR’s potential to breach $0.39 remains robust. The combination of strategic partnerships and favorable macroeconomic factors positions HBAR as a standout performer in the crypto market.
HBAR/BTC Performance Insight
The HBAR/BTC daily chart is ablaze with bullish momentum, as the price skyrockets by 4.98% within the day to reach 0.00000337 BTC. The Keltner Channel Is flashing green, with the price hurtling toward its upper boundary. Meanwhile, the RSI is firing on all cylinders, with a reading of 62 that confirms the presence of positive momentum. Resistance levels are strategically positioned at 0.00000352 BTC, while support levels are firmly established at 0.00000303 BTC and 0.00000255 BTC. The stage is set for a thrilling showdown: will the bulls continue their relentless push upward, or will the bears mount a counterattack?
The HBAR Foundation has announced a groundbreaking partnership between Vaultik and the World Gemological Institute (WGI) to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real-World Assets (RWAs) on the Hedera network, as revealed in a recent post on X (formerly Twitter). This significant development is expected to drive adoption and increase demand for HBAR tokens, potentially leading to a surge in price. As the native cryptocurrency of the Hedera network, HBAR is likely to benefit from the ecosystem’s growing momentum, making it an exciting prospect for investors and users alike.
We're excited to announce that @Vaultik and the World Gemological Institute (WGI) have partnered to tokenize $3 billion worth of diamonds, gemstones, watches, and jewellery as RWAs on the @Hedera network 🧵 pic.twitter.com/jSxIe7Kc9W
— HBAR Foundation (@HBAR_foundation) January 15, 2025
Alternatives to HBAR
In the ever-evolving cryptocurrency landscape, HBAR is poised to shine, thanks to strategic partnerships and favorable macroeconomic conditions. However, the market is witnessing the rise of innovative players like Wall Street Pepe ($WEPE), which has garnered significant attention with its impressive $49.5 million presale haul. This groundbreaking project is redefining the boundaries of meme coins by combining entertainment with practical value.
Wall Street Pepe’s unique selling proposition lies in its ability to serve as both a fun digital asset and a gateway to a thriving trading community. Unlike typical meme coins, WEPE offers a passport to a new community, wrapped in the viral appeal of a meme. By empowering smaller investors and fostering transparency, Wall Street Pepe aims to create a platform where everyone can participate and access trading knowledge.
The Huge Potentials of Wall Street Pepe
The project’s token allocation strategy is designed to drive growth and reward holders. Out of the total 200 billion WEPE tokens, 20% are allocated to the FROG Fund, 12% to staking rewards, and 38% to marketing efforts. With its innovative approach and community-driven ethos, Wall Street Pepe is poised to make a significant impact on the cryptocurrency market, inviting investors to be part of an exciting new chapter in the industry’s evolution.
Related News
- Hedera Price Prediction: HBAR Pumps 4%, But Investors Rush To Buy This Crypto Wallet Token With 506% Staking APY
- 4 Things To Know About Wall Street Pepe Presale As FOMO Soars Ahead Of Tier-1 Exchange Listings
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
