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Author: Scott Matherson

HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera

HBAR, Hederas native token, saw a sharp correction following clarification that the worlds largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network. HBAR Token Crashes By Almost 35% Data from CoinGecko shows that the HBAR token has declined by almost 35% since its price rose by over 100% on the back of the announcement, which many misinterpreted to mean that BlackRock tokenized its fund on the Hedera network. On April 24, the Hedera Foundation shared that Blockchain trading firm Archax and Infrastructure firm Ownera had collaborated to tokenize BlackRocks ICS US Treasury money market fund (MMF) on Hedera. Related Reading: XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End Members of the crypto community, including influencers like CrediBULL Crypto and Mason Versluis, misconstrued this as meaning that BlackRock had tokenized its fund on Hedera. This assumption immediately created a bullish narrative for the ecosystem, leading to HBARs price rallying by over 100% and peaking at $0.176. However, the crypto token has since been on a downtrend, with BlackRock denying any involvement with Hedera. Specifically, a BlackRock spokesperson told Cointelegraph that the worlds largest asset manager has no commercial relationship with Hedera nor has BlackRock selected Hedera to tokenize any BlackRock funds. Meanwhile, Archaxs co-founder had also clarified on his X (formerly Twitter) platform that BlackRock wasnt directly involved in the whole move. He claimed that tokenization of the fund can usually be done without the permission of the asset manager. However, he revealed that BlackRock knew they were tokenizing on the network. Why The News Is Still Bullish For The Hedera Ecosystem Despite BlackRock not being directly involved in this development, crypto analyst CrediBULL Crypto offered some perspective on why this news is still bullish for Hedera and its HBAR token. He revealed that BlackRock is the fourth largest shareholder of ABRDN, a firm that is a primary investor in Archax. Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months Therefore, the crypto analyst believes that BlackRock must have signed off on this move, something he considers a de-facto endorsement of the product. Meanwhile, he also alluded to an interview that revealed that BlackRock chose Hedera, although ABRDN introduced them to the network. CrediBULL Crypto noted that even if BlackRock wasnt building on the network, it is clear that major enterprises are using Hedera. They are actively involved with building on the network and are constantly pushing to move it forward behind the scenes, he added. He suggested that this puts Hedera above 99% of networks that cant boast of such achievements. HBAR price crashes 35% from highs | Source: HBARUSDT on Tradingview.com Featured image from Vecteezy, chart from Tradingview.com

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HBAR Breaks Above Massive Falling Wedge Expert Sets $0.38 Target

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Apr 24, 2025 12:05

HBAR Breaks Above Massive Falling Wedge Expert Sets $0.38 Target

Hedera Hashgraph (HBAR) is showing strong signs of recovery, surging over 20% in the past week as bullish momentum sweeps across the broader crypto market. Despite continued macroeconomic uncertainty and global financial instability, Bitcoin’s recent price jumps have reignited optimism, lifting the entire market with it. HBAR is now trading near a critical resistance level, and traders are watching closely for confirmation of a sustained uptrend. Related Reading: XRP Network Activity Jumps 67% In 24 Hours Big Move Ahead? Top analyst Carl Runefelt shared insights on X, noting that HBAR has officially broken out of a massive falling wedge patternan important bullish technical signal. Falling wedge breakouts often precede sharp upside moves, especially when backed by strong volume and broader market support. As HBAR rides this momentum wave, investors are eyeing higher targets if key resistance levels are flipped into support. With renewed risk appetite across crypto and leading assets like Bitcoin paving the way, HBAR could be positioning itself for a significant continuation rally. However, market conditions remain volatile, and any pullback from broader sentiment shifts could test HBARs strength. For now, bulls appear to be in controland if the breakout holds, HBAR may soon target fresh local highs. HBAR Eyes Continuation Amid Renewed Crypto Momentum Hedera Hashgraph (HBAR) is trading at a crucial turning point as bulls continue to apply pressure following a sharp breakout from a long-standing downtrend. The asset remains over 50% down from its local highs earlier this year, but recent developments suggest that HBAR could be gearing up for a strong reversal, especially as broader market sentiment begins to improve. Global tensions and ongoing trade war fears between the US and China continue to rattle equities and traditional markets. However, crypto assets are beginning to diverge from this trend, with Bitcoin leading a notable move higher that has started to lift altcoins like HBAR. This decoupling could mark the beginning of a fresh rotation into digital assets as investors seek growth outside of conventional markets. Runefelt insights highlight that HBAR has broken out of a massive falling wedge pattern, typically a bullish reversal signal. This breakout confirms the potential for upward momentum, especially if HBAR can continue to push through current supply zones. The next key target sits around the $0.38 level, but for that to materialize, bulls must maintain pressure and sustain higher lows in the coming sessions. If momentum holds and macro fears ease even slightly, HBAR could be poised to surprise the market with a sharp rally. Related Reading: Ethereum Holds Above MVRV Band Low A Final Dip Before Recovery? Price Tests Key Resistance Amid Bullish Momentum HBAR is currently trading at $0.185 as it tests a critical resistance zone around the 200-day Exponential Moving Average (EMA). Bulls are now aiming to reclaim the $0.20 level, which also aligns closely with the 200-day Simple Moving Average (SMA). A clean breakout above this range would confirm the bullish momentum and potentially open the door for a rally toward higher levels, including the $0.25 mark. After surging more than 20% in the past week, HBARs price action is showing early signs of strength, but confirmation is needed. Holding above $0.185 and pushing through the $0.20 barrier would validate the recent breakout from a falling wedge pattern and suggest that bulls are in control. However, the rally remains fragile. If HBAR fails to hold above the $0.175 level, it could face a deeper retracement and return to previous support zones near $0.15. That would invalidate the current breakout structure and increase bearish pressure. Related Reading: Solana Short-Term Indicator Signals Potential Risk Reversal Or Pause? Traders are now watching closely as HBAR battles with long-term moving averageslevels that often serve as a dividing line between bear and bull phases. The next few sessions will likely determine whether HBAR confirms its uptrend or returns to consolidation. Featured image from Dall-E, chart from TradingView

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Crypto Analyst Predicts Hedera (HBAR) To Skyrocket 2900% This Bull Run

Author: Jake Simmons

United Kingdom

Source: NewsBTC

Oct 08, 2024 12:05

Crypto Analyst Predicts Hedera (HBAR) To Skyrocket 2900% This Bull Run

Crypto analyst Egrag has once again shared a bullish analysis of Hedera Hashgraph (HBAR), predicting a potential 30x increase (2,900%). His latest chart analysis (HBAR/USD) presents a view where HBAR stands in the current market cycle, highlighting key Fibonacci retracement levels and critical price points that could guide HBARs movement in the months ahead. At the time of Egrags analysis, HBAR is trading at approximately $0.0553, with a recent low marked around $0.0355. This price action in the 2-week chart is taking place along a key upward trendline that has acted as strong support multiple times since 2020. This trendline, which stretches over multiple years, has held HBARs price during dips and corrections, except for one instance in December 2019. Egrag also pinpoints several Fibonacci retracement levels, a popular tool used in technical analysis to identify potential support and resistance levels. These levels are derived from the Fibonacci sequence, where each level corresponds to a percentage of the price movement between a significant high and low. Related Reading: Hedera (HBAR) Q2 Update: Market Cap Climbs, Daily Transactions Boom, Revenue Follows In Egrags analysis, the chart showcases a range of Fibonacci levels, from Fib 0 at the absolute low of $0.0355 to Fib 1.618 at $3.27. Each of these levels indicates critical price points for HBAR as it moves through this market cycle. And according to Egrag, HBARs fundamentals are extremely strong and a 2,900% price surge is the absolute minimum. Last cycle, ADA skyrocketed a mind-blowing 17,000%! To put this into perspective, with HBAR’s bottom at 0.036c, a 170X move would take it to around $6! Thats why Im all-in on HBAR! Backed by a powerhouse Governing Council, Hedera is leading the charge with cutting-edge tech for seamless tokenization, delivering top-tier performance, rock-solid security, and unmatched compliance, Egrag notes. Key Fibonacci Levels For Hedera (HBAR) In This Bull Run Fib 0 – $0.03555: This is the lowest price on the chart, representing the local bottom that HBAR recently established. According to Egrag, this could be seen as the long-term support level and a significant historical low. Fib 0.236 – $0.0687: Currently, HBAR is trading just below this Fibonacci level. It has acted as a resistance point over recent weeks, making it a crucial zone to break through for upward momentum to continue. Historically, breaking through the Fib 0.236 level often signals the start of a bullish move towards higher retracement levels. Fib 0.382 – $0.1034: The next critical resistance level is Fib 0.382. A sustained move above this zone would indicate growing bullish momentum and a possible continuation towards even higher Fibonacci levels. Related Reading: Hedera Developer Community Remained Vibrant In Q2 2024: When Will HBAR Turn The Corner? Fib 0.5 – $0.1438: The Fib 0.5 level is one of the most closely watched by traders. It represents a psychological midpoint between the assets high and low. According to Egrag, $0.14-$0.15 is a critical range for HBAR. Until HBAR breaks above Fib 0.5 (0.14c-0.15c), everything else is just noisetime to accumulate for whats coming! Egrag claims. Fib 0.618 – $0.2004: Known as the Golden Ratio, Fib 0.618 is one of the most important levels in Fibonacci analysis. A break above this level often signals the end of a retracement and the resumption of the primary trend. For HBAR, a move above $0.20 could generate significant bullish interest, paving the way for a move towards new highs. Fib 0.702 – $0.2529: Egrag marks this level as a significant profit-taking zone. If HBAR reaches $0.25, it would represent a substantial 4.5x increase from current levels. This is a key target for traders looking to lock in profits before the next significant leg up. Fib 0.786 – $0.3199: Fib 0.786 is often the last line of resistance before an asset retests its all-time highs. Egrag identifies this as a crucial level, where many traders may choose to sell some of their holdings. Fib 1.0 – $0.5819: This level represents the previous all-time high (ATH) for HBAR. Breaking past $0.58 would indicate a complete recovery from the previous market cycle and set the stage for a potential new bull run. Egrag marks this as a key psychological level where his profit-taking area begins. Fib 1.272 – $1.2447: This is one of the extended Fibonacci levels, representing a point where HBAR could see additional gains in a bullish market scenario. Egrag mentions that breaking beyond ATH could push HBAR toward this level, making it another key profit-taking zone for long-term holders. Fib 1.414 – $1.8513: If HBAR continues its bullish momentum, it could climb towards this level, representing a major price extension. This level, according to Egrag, is where traders may choose to exit significant portions of their holdings, expecting a slowdown after a major uptrend. Fib 1.618 – $3.27: The ultimate profit-taking zone marked on Egrags chart is Fib 1.618, also known as the “Golden Extension.” A move to $3.27 would represent a near 60x move from the current price and a staggering 170x increase from the local bottom of $0.03555. Egrag views this as the maximum upside potential for HBAR in this cycle. Egrag concludes, With its killer fundamentals and cutting-edge tech, a 30X gain is right on the horizon, making HBAR my top macro play! At press time, HBAR traded at $0.0504. Featured image created with DALL.E, chart from TradingView.com

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