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- Hedera altcoin is showing bullish momentum, with projected price growth between 200% and 400% in this market cycle.
- After five green weeks, HBAR is expected to break past its 2021 all-time high and reach new price peaks.
Quite striking early signs are beginning to emerge on the Hedera (HBAR) altcoin chart. According to analyst Master Ananda, HBAR is in the early stages of a long-term uptrend that could lead to a new record high. He highlighted that Hedera has recorded green weekly candles for five consecutive weeks.
Interestingly, however, the price surge so far has only been around 100%, relatively small compared to a similar phase in late 2024, which resulted in a rise of over 800%.
Analyst Sees a Multi-Phase Rally Unfolding for Hedera Altcoin
However, Ananda said this bullish phase has a different character. He believes these five weeks are just a small part of the overall uptrend that is forming. According to him, a possible scenario is that the market continues to rise for several months, then pauses, and resumes with one final major surge before finally entering a correction phase. Alternatively, the market could surge from this point to a peak without stopping.
In early 2025, the price of HBAR failed to break the 2021 high. However, this time, Ananda said, the developing wave has enough energy to break through that barrier. The analyst stated that this prediction was based on a reading of the bullish market structure.
Ananda even boldly stated that Hedera has the potential to be one of the first altcoins to peak in the next bull market phase. His target is quite aggressive: between 200% and 400% of the current price.
Derivatives Market Sluggish, But Long Ratio Remains Strong
On the other hand, there are conflicting signals if we look at CoinGlass data. HBAR derivatives trading volume has dropped drastically in the last 24 hours—shrinking 50.42% to only around $1.12 billion. Open interest activity has also decreased by 3.99% to $479.07 million. A decline in open interest usually indicates that many traders have closed their positions, either due to profit-taking or growing doubt.
However, what’s interesting is that despite the declining volume and open interest, the long/short ratio for HBAR/USDT on Binance actually shows an optimistic trend. At 1.9806, this means the number of accounts holding long positions is almost double the number of short positions.
So, psychologically, the market is still favoring the bulls, as if traders are simply waiting for a new trigger before becoming aggressive again.
As of the writing time, HBAR is swapping hands at about $0.2839, up over 91% in the last 30 days, driving its market cap to surpass the $12 billion mark.
Furthermore, Hedera is also actively building its ecosystem. CNF reported that they have participated in a project led by the Reserve Bank of Australia and the DFCRC to explore the potential of digital currencies. Hedera is among the 24 use cases that have advanced to the advanced stage. This step signals that the project isn’t just relying on hype but has real-world footing.
Furthermore, last June, a multiplayer gaming platform called Tashi began integrating Hedera into its system. Powered by the speed and low fees of the Hedera network, Tashi turns every player into a consensus node, a creative approach to driving adoption.
