HBAR is trading 53% above Crypto Patel’s original entry zone, closing the gap between the current price and the first target lined up in the analysis. The weekly candles now point to a line-up of price targets if the scenario continues to play out as expected by the chart analyst.
Will HBAR Play By The $1 Scenario?
The scenario goes as follows: Liquidity Sweep → Reclaim → CHoCH → Break Of Structure (BOS). Put in simpler terms, this hints at a classic bullish reversal sequence from Smart Money Concepts (SMC) / ICT trading methodology, which is used as the structural confirmation to watch for before expecting continuation toward higher targets.
In case of a pullback, the trader would deem the bullish HBAR thesis wrong if the weekly close is below $0.065. If that doesn’t happen, all of those HBAR price targets remain in-tact: $0.30, $0.50, $0.70 and eventually $1. The last two targets would signify a new all-time high (ATH), as Hedera’s highest-recorded price is $0.56.
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That milestone was hit quite a long time ago, dating back to 2021. With Google, IBM, Samsung, LG Electronics & more IT giants onboard at the Hedera Foundation council, HBARians now rely on institutional-grade adoption as the strongpoint of Hedera Hashgraph’s (HBAR) bullish narrative, perfectly blending in with the rise of Real World Assets (RWAs).
What HBAR Holders Are Counting On
The growth in RWA & tokenization markets doesn’t seem to reflect on the altcoin’s price instantly. The total value locked (TVL) also stood below $100 million. However, that bullish divergence on the weekly charts presents an opportunity, says trader Nicolás Marzuratti.
At a $4.11 billion market cap, Hedera’s native crypto currency has registered a solid 18.55% uptick in a 30-day period, but the trading volumes kept below $300 million on most days this September. This means long-term exposure to HBAR doesn’t always convert to sizable trades.
With analysts setting their sights on $0.30 and beyond, the next-bull run is definitely going to be utility-driven as regulation plays a crucial role in the sector’s development. For HBAR Network, RWA bits from giants like Archax & Circle. The American firm dominates the scene with USDC.
Archax, the FCA-regulated UK digital asset exchange, utilized HBAR to big deploy money-market funds (MMFs) from BlackRock, Fidelity & State Street. That kind of appreciation may grow along with the United States government’s crypto push. Following the CLARITY Act defeat, the White House offered an alternative with a fresh legislative package in joint efforts of CFTC & SEC.
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