HBAR Price Eyes 50% Gains amid Strong Trend Reversal Ahead

Core Insights - HBAR, the native cryptocurrency of Hedera blockchain, has experienced a significant price increase of 10% in the last 24 hours, indicating a potential trend reversal with a target price of $0.19 [1][2] - Strong institutional adoption is noted, particularly with Coinbase supporting HBAR derivatives, which may enhance market confidence [1] Price Movement and Technical Analysis - CryptoPulse has identified early signs of a trend reversal for HBAR, with the altcoin regaining previous swing highs on the 4-hour chart, suggesting a shift in market structure if new support is established [2][3] - A bullish technical structure is forming, characterized by a triple-bottom pattern within a key demand zone, which often precedes strong reversals [4] - Analysts suggest that momentum could shift rapidly if HBAR breaks above key technical resistance levels, favoring accumulation over distribution [5] Institutional Interest and Market Factors - The launch of HBAR ETFs has significantly driven institutional interest, although recent momentum has slowed, fresh inflows are beginning to appear [6] - The IRS's allowance for staking within ETF structures could enhance the appeal of HBAR-based funds, potentially generating yield while maintaining tax benefits [7] - The approval of SEC listing standards is expected to streamline the launch of HBAR-related products, further boosting investor confidence [7]