Hedera (HBAR) Eyes 50% Surge As Analysts Predict $2.23 Target

• HBAR trading at $0.3097, up 10% ahead of a mainnet upgrade.
• Analysts predict a breakout, with price targets ranging from $0.57 to $2.23.
• On-chain data shows over $10 Million in HBAR outflows, signaling investor accumulation.

HBAR’s price action hints at a major breakout, with analysts predicting a surge to $2.23. Can the token sustain its momentum?

HBAR Price Gears Up for a Breakout—Can it Hit $2.23?

Hedera (HBAR) is showing strong signs of a breakout as bullish technical indicators align with optimistic market forecasts. The cryptocurrency has gained 10% in recent days, currently trading at $0.3097 as of Jan. 27, 2025.

Momentum indicators support an uptrend, with the Relative Strength Index (RSI) at 60.93 signaling growing buying pressure. The MACD at 0.004 also suggests a buy signal, reinforcing the potential for an upward move.

Market analysts remain bullish, with Shawn Sully identifying a Cup and Handle formation that could push HBAR to $0.57 by Feb. 1, provided it breaks and holds above $0.40.

Another analyst Eye Future sees modest upward momentum, projecting a move from $0.3435 to $0.3485, with a stop loss at $0.339 and a take profit at $0.3518.

Meanwhile, Birdman believes HBAR is one of the most bullish assets in crypto, citing an incoming weekly golden cross, which historically precedes explosive moves. His price targets range from $0.66 to as high as $3.

Similarly, AllinCrypto is betting on a surge to $2.23, pointing to a pennant breakout pattern that suggests further upside if volume strengthens.

HBAR Charts Signal a 50% Breakout—Will it Happen?

Hedera’s (HBAR) daily chart reveals a descending wedge formation, a classic bullish reversal pattern that could trigger a sharp breakout.

The key resistance level sits between $0.32 and $0.34, a zone that bulls must reclaim to confirm an upward move.

If HBAR breaks past this resistance with strong volume, its next target could be $0.40, with the 1.618 Fibonacci extension at $0.49 acting as a potential milestone. This aligns with historical breakout zones, reinforcing bullish expectations.

However, a failure to hold above $0.287 could shift momentum downward, potentially triggering a 35% correction. This makes the next few trading sessions critical for price direction.

On-chain data further supports the bullish case, with CoinGlass reporting over $10 Million in HBAR outflows from exchanges in the past 48 hours.

Long-term holders are accumulating, a sign that smart money could be positioning ahead of a breakout.

With technicals pointing toward a potential surge, all eyes are on whether HBAR can sustain buying pressure and break through key resistance levels in the coming days.

HBAR ETF and Developer Growth Could Fuel the Rally

Beyond technicals, fundamental factors are also driving optimism. HBAR is seeing a surge in developer activity, with over 100 active monthly developers, up from less than 50 in 2023.

The total value locked (TVL) has also surged to $180 Million, up from $25 Million last year, indicating increased ecosystem growth.

Additionally, the possibility of an HBAR ETF could further boost demand. Canary filed for a spot HBAR ETF in Oct. 2024, and analysts believe that under SEC Commissioner Paul Atkins, approvals are more likely than under Gary Gensler’s leadership.

Bloomberg ETF analyst Eric Balchunas also suggested that HBAR could be among the next wave of crypto ETFs, following Bitcoin, Ethereum, and Litecoin.

He highlighted that HBAR’s regulatory clarity—not being classified as a security—positions it ahead of assets like XRP and Solana, which face ongoing legal scrutiny.

The crypto ETF market has already seen $2.5 Billion in Ethereum ETF inflows, setting the stage for HBAR to benefit from similar investor interest.

Even if institutional adoption remains uncertain, the hype and speculation surrounding ETF approvals could act as a major price catalyst in the months ahead.

With bullish technical indicators, increasing developer interest, and potential ETF approval, HBAR is at a critical turning point.

Analysts remain optimistic, but a breakout above $0.34 with strong volume confirmation is necessary to validate the rally. If the technical setup holds, HBAR could extend its rally toward $2.23 in 2025.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.