HBAR Nears First Major Target as $1 Ceiling Draws Near

HBAR is currently trading 53% above Crypto Patel’s original entry zone, narrowing the gap between the present price and the first projected target in the analysis. Weekly candlesticks now align with a series of price objectives should the scenario continue to unfold as the chart analyst anticipated.

Will HBAR Play By The $1 Scenario?

The sequence unfolds as follows: Liquidity Sweep → Reclaim → CHoCH → Break Of Structure (BOS). In simpler terms, this reflects a classic bullish reversal pattern rooted in Smart Money Concepts (SMC) and ICT trading methodology, serving as structural confirmation before expecting continuation toward higher targets.

In the event of a pullback, the trader would consider the bullish HBAR thesis invalidated if the weekly close falls below $0.065. Should that not occur, all price targets remain intact: $0.30, $0.50, $0.70, and ultimately $1. The latter two would represent a new all-time high, as Hedera’s recorded peak stands at $0.56.

That milestone was reached long ago, back in 2021. With Google, IBM, Samsung, LG Electronics, and other IT giants seated on the Hedera Foundation council, HBAR investors now anchor their bullish narrative in institutional-grade adoption, seamlessly aligning with the broader rise of Real World Assets (RWAs).

What HBAR Holders Are Counting On

The expansion in RWA and tokenization markets has yet to translate directly into price movement for the altcoin. Total value locked (TVL) also remains below $100 million. Nevertheless, this bullish divergence on weekly charts presents an opportunity, according to trader Nicolás Marzuratti.

At a $4.11 billion market capitalization, Hedera’s native cryptocurrency has recorded a solid 18.55% gain over a 30-day period, though daily trading volumes have largely stayed below $300 million throughout September. This suggests that long-term HBAR exposure does not always correspond to significant trading activity.

With analysts targeting $0.30 and beyond, the next bullish cycle is expected to be utility-driven, with regulation playing a pivotal role in sector development. For the HBAR Network, real-world asset integrations from entities like Archax and Circle are key. The American firm dominates the landscape with USDC.

Archax, the FCA-regulated UK digital asset exchange, has utilized HBAR to deploy money-market funds (MMFs) from BlackRock, Fidelity, and State Street. Such institutional traction could grow alongside the United States government’s crypto initiatives. Following the CLARITY Act’s defeat, the White House introduced an alternative legislative package in collaboration with the CFTC and SEC.

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