Market Analysis and Price Prediction - The cryptocurrency market is currently experiencing a sell-off, requiring patience and consolidation before a potential uptrend [3] - HBAR's RSI indicates oversold conditions, suggesting a possible bottoming out, but confirmation depends on Bitcoin's performance [9][10][11] - A key level to watch for HBAR is flipping the blue zone between 18.15% cents to 21.15% cents, which could signal an uptrend retest [6] - Breaking above the 29 cents level, referencing a previous high in February, is a target after overcoming the blue zone [8] - Losing previous lows and RSI dipping into the red would indicate a broken structure and a bearish outlook for HBAR [14] Hedera Ecosystem and Development - Hedera's ecosystem shows significant development activity, with a surge in active developer accounts and API relays processed [20][23] - Stargate Finance brings wrapped Ethereum to Hedera DeFi, enabling more DeFi use cases and user expansion [22] - SaucerSwap's quarter 3 trading volume climbed 88% to $974 million, with total value locked growing 67% to nearly $99 million, and active users increased 23% [24] - Thrive-funded projects generated over 2 million transactions across six applications, reaching 152,000+ users [25] - Lloyd's Banking Group and Aberdeen used Hedera-based RWAs as collateral for foreign exchange, signaling institutional finance moving to production on public blockchain infrastructure [28] Market Expansion and Fundamentals - HBAR is listed on over 161 platforms with 160+ pairs, and continues to be added to more exchanges, expanding market access [15][16][30] - Fundamentals, including ecosystem growth and real-world applications, are crucial for long-term value creation and demand, despite current price volatility [35][36][38] - Zooming out on the charts reveals that many old coin charts are not broken, and the one-year performance for HBAR is still up 200+% [33][34]
Huge Hedera HBAR Update | Don't Miss This Opportunity!
NCashOfficial - Daily Crypto & Finance News·2025-10-20 21:00