Ethereum

bullish

Bank

Solana

Hedera

Hedera Hashgraph price has stabilized, and a unique chart pattern on the daily chart suggests a potential rebound. 
Hedera Hashgraph (<a rel="" href="https://crypto.news/price/hedera/">HBAR</a>) has risen for two consecutive days, reaching a high of $0.3140, its highest level since January 7. The token remains about 600% above its lowest level in 2024, with a market cap of over $11.3 billion. 
HBAR’s recent performance is driven by investor anticipation of a spot exchange-traded fund approval by the Securities and Exchange Commission. Canary, an emerging fund manager, has filed for an <a href="https://crypto.news/canary-capital-files-for-first-hbar-spot-etf-with-sec/" target="_blank">HBAR-focused ETF</a>, and some analysts believe it has a strong chance of being approved.&nbsp; 
In a report on Tuesday, JPMorgan predicted that the SEC, now led by Paul Atkins, is likely to approve crypto funds. The report cited Ripple (<a href="https://crypto.news/price/xrp/" target="_blank">XRP</a>) and Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>) as examples of assets that could attract billions of dollars in inflows. The approval of these funds could pave the way for a spot Hedera ETF. 
 You might also like: <a rel="" href="https://crypto.news/bank-of-namibia-grants-provisional-licenses-to-two-crypto-exchanges/"> Bank of Namibia grants provisional licenses to two crypto exchanges </a> 
Meanwhile, the total value locked in Hedera Hashgraph’s ecosystem has continued to rise in US dollar terms. The network currently holds nearly <a href="https://defillama.com/chain/Hedera?currency=HBAR" target="_blank" rel="nofollow">$180 million</a> in assets, led by protocols such as Stader, SaucerSwap, Bonzo Finance, and Heliswap. Its stablecoin market cap has increased to $11 million. 
Hedera is often seen as a faster and more cost-effective alternative to Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>). The network’s governance council includes major companies such as Tata, Abrdn, Worldpay, IBM, and Dell. 
<h2 class="wp-block-heading" id="hedera-hashgraph-price-could-surge-soon">Hedera Hashgraph price could surge soon</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2025/01/Hedera-Hashgraph-Price.png" alt="Hedera Hashgraph" class="wp-image-14327483">
 <figcaption class="wp-element-caption">
 HBAR price chart | Source: <a href="https://crypto.news/price/hedera/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
The daily chart shows that HBAR has remained in a tight range after peaking at $0.3922 in November. The token has formed a symmetrical triangle pattern, a key part of the bullish pennant pattern, which is a popular continuation signal. 
HBAR is trading above its 50-day Exponential Moving Average and has reached the ultimate resistance level of the Murrey Math Lines. It is also positioned between the 61.8% and 78.6% Fibonacci retracement levels, indicating a consolidation phase. 
The chart suggests that HBAR is likely to experience a strong bullish breakout. The next key level to watch is $0.3920, the token’s high on December 3. A move above that level could trigger further gains, with the psychological target set at $0.50, representing a 68% increase from the current price. 
 You might also like: <a rel="" href="https://crypto.news/hedera-hits-3-year-high-monthly-gains-near-600/"> Hedera hits 3-year high, monthly gains near 600% </a>

Hedera Hashgraph price could soar as HBAR forms a bullish pattern

Table of Contents

crypto.news

Other articles published on Jan 15, 2025

XRP Charts Reveal Double Bottom: Here’s Why $30 Could Be Next

XRP Price ATH Soon? JPMorgan Predicts $8 Billion Jump for XRP ETFs

Fartcoin Thrives, Hitting New Price Milestones

World’s First MiCA compliant BankFi Network E Money Secures $5.2 Million from Top VC’s

Is It Too Late To Buy NOTAI? NOTAI Price Soars 28% And This Might Be The Next Crypto To Explode

Bitcoin Prints a Bullish Hammer: Should You Jump In or Wait?

Join our free newsletter for daily crypto updates!