According to Gate market data, as of July 21, the price of Hedera (HBAR) was reported at $0.28, with a slight rise of 3.32% in the past 24 hours, and a cumulative increase of over 80% this month, making it one of the brightest stars in the altcoin market. This upward trend has pushed its market capitalization to $11.3 billion, firmly ranking it among the top 20 cryptocurrencies, with a 24-hour trading volume reaching $552.14 million, indicating that both institutional and retail investors are accelerating their entry.
Recent Big Pump Catalysts
- The First Staking ETF Launched in Switzerland: On July 17, asset management company Valour launched the world’s first HBAR staking ETF on the Swiss SIX Exchange, allowing investors to access HBAR and staking returns through traditional financial instruments. Although its annualized yield is only 0.03%, far lower than Solana Compared with competing products, this product provides a compliant entry point for institutional funds. After its launch, HBAR rose 4.68% in a single day, breaking through the key resistance level of 0.230 USD.
- Technical double bottom breakout: HBAR formed a double bottom structure at 0.1265 USD in June and strongly broke through the neckline at 0.2300 USD in mid-July, triggering a classic bullish signal. Accompanied by a surge in trading volume of 152%, the price once soared to 0.31 USD, reaching a new high in 5 months.
- Derivatives market frenzy: In one week, HBAR’s open interest (OI) soared by 77%, with inflow funds reaching 230 million USD, and total OI hitting a historical high of 527 million USD. The positive funding rate indicates that bulls are absolutely dominant, with the market betting on the continuation of the upward trend.
Technical indicators signal a key bullish signal
- "Golden Cross" pattern emerging: The 50-day moving average is about to cross above the 100-day moving average, forming a "Mini Golden Cross", indicating a shift in the medium to long-term trend.
- Bollinger Bands expansion: The price is running close to the upper band of the daily Bollinger Bands ($0.291), with a Bandwidth Power Indicator (BBP) reading of 0.07175, confirming that upward momentum continues to accumulate.
- Key support established: The $0.262 - $0.267 range has formed a dynamic support zone, and if this area holds, the next target is $0.3155 (23.6% Fibonacci retracement level).
Analyst: Breaking 0.3 USD Will Open Upward Space
Multiple traders have pointed out that HBAR’s weekly chart is forming a "symmetric triangle" structure. Once it breaks through the resistance zone of 0.30 - 0.314 USD, it may initiate a larger upward movement. The short-term targets are:
- 0.37 USD (30% rise potential)
- 0.50 USD (measured target)
- 1 USD (long-term symmetric triangle target)
Risk Warning: Overbought Signals and Selling Pressure Emerging
Despite a strong trend, short-term risks cannot be ignored:
- RSI Overbought: Daily RSI reaches 85, entering the overbought zone, which may trigger a technical correction.
- Profit-taking Selling Pressure: In the past 48 hours, $12.77 million of HBAR has flowed into exchanges, indicating some investors have started to take profits.
- Key Support Level: If it falls below $0.255, it may retest $0.24; falling below $0.241 will reverse the bullish structure.
Ecological expansion supports long-term value
Hedera The fundamentals provide solid support for its coin price:
- A governance committee composed of industry giants: 39 top enterprises including Google, IBM, Boeing, and Deutsche Telekom participate in governance, promoting technology implementation.
- RWA tokenization explosion: The supply of stablecoins skyrocketed to $162 million, with institutions like BlackRock’s money market fund adopting its on-chain tokenization solution.
- Mature staking economy: An annualized staking yield of 6.5% attracts long-term holders, with a token release progress of 84.76%, significantly reducing inflationary pressure.
Conclusion: Focus on Breakthrough Momentum and Ecological Milestones
Driven by both technical factors and capital flow, HBAR price Currently testing the breakout range of 0.27 - 0.28 USD. If it can hold this area, the next target will point to the previous high of 0.31 USD. Long-term value depends on the scale of RWA tokenization, the progress of ETF approval in the US, and the growth of DeFi ecosystem TVL. Investors should closely monitor the support strength at 0.255 USD. In the short-term volatility, buying on dips may be a better strategy.
