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The post <a href="https://coinpedia.org/price-analysis/hbar-price-breaks-0-10-with-50-upside-potential/">HBAR Price Breaks $0.10 With 50% Upside Potential</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Days after Hedera made the announcement of DeepTech Venture Studio in Saudi Arabia, the HBAR token is finding a new breeze of bullish momentum. With the SaucerSwap TVL reaching new heights and the new altcoin season, the <a href="https://markets.coinpedia.org/hedera/" target="_blank" rel="noreferrer noopener">HBAR price</a> is well above the 10-cent mark.&nbsp; 
Finding a surge of 50% in the last two weeks, the breakout events and the rising volumes fuel the HBAR uptrend. With such a turnaround story in the early months of 2024, the market is buzzing with the question, “Will HBAR price reach $1?” 
Well, such <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/">HBAR price predictions</a> were not so common in the bear market. However, the new cycle projects a high likelihood.&nbsp; 
<h2 class="wp-block-heading" id="h-is-hedera-fast-enough-to-cross-0-15">Is Hedera Fast Enough To Cross $0.15?</h2> 
Following the falling wedge breakout in the daily chart on 6th February, the HBAR price signalled a trend reversal. Moreover, as we mentioned in our last article, with the possibility of Hedera reaching $0.10 with the new progress in Saudi Arabia, the buyers are reshaping the entire chart.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1024x464.png" alt="" class="wp-image-271338" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/20115316/image-138.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/o01okrfV/">TradingView</a> 
With the HBAR lifting off from the runway of 50-day EMA, the buyers pump the token by 25% in a day. Leading to a bullish engulfing candle, the token is well above $0.10 and challenges the overhead resistance for a bullish continuation.&nbsp; 
Currently, the HBAR price is trading at $0.107 with an intraday pullback of 4.65% as the bulls relax after the pump last night. Following the short vacation, the buyers are planning a trend continuation to breach $0.12. 
Technical indicator: 
RSI indicator: The daily RSI line shows a bullish spike, as it crosses 70% to enter the overbought zone. Currently, at 76, the RSI shows a short dip but sustains the trend.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/top-reasons-why-bitcoin-price-will-hit-100k-in-2024-crypto-expert-lark-daviss-bold-prediction/">Top Reasons Why Bitcoin Price Will Hit $100K in 2024 – Crypto Expert Lark Davis’s Bold Prediction</a> 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-reach-1">Will HBAR Price Rise Reach $1?</h2> 
Currently, the HBAR price trend is gaining momentum and projects a strong bullish trend in motion. Further, with the market recovery and the upcoming Halving event, the altcoin can reach the dream point of $1. However, the short-term obstacles reflect a resistance at $0.12 and the $0.1699 mark.&nbsp;

HBAR Price Breaks $0.10 With 50% Upside Potential

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