Hedera Hashgraph Price Prediction – Can HBAR Reach $10 This Year?

cryptonews.com:

The hedera hashgraph price has jumped by 6.5% in the past 24 hours, reaching $0.086379 following the news that the Hedera blockchain has processed over four billion transactions to date. This level represents a 27% gain in a week and a 61% surge in the last 30 days, with this rally also caused in part by Dell's joining of the Hedera Governing Council.

At the same time, the Hedera blockchain appears to be attracting organic growth and adoption, given that it boasts one of the fastest protocols in the cryptocurrency ecosystem. And with its total value locked in increasing fast, it may be only a matter of time before its price reaches whole numbers.

HBAR's technicals support the suspicion that the coin is currently enjoying a strong rally at the moment. Its relative strength index (purple) has jumped to 70 in the past day, indicating substantial buying momentum.

Likewise, the coin's 30-day moving average (red) has surged in the last few days, rising above its 200-day (blue). This indicates a breakout rally which could continue for a little while longer yet.

A key resistance level to watch here is $0.088. HBAR has attempted to breach this ceiling in the past few hours, with each attempt result in it coming back down.

However, if it can break through $0.088, HBAR will likely continue towards $0.09 and beyond.

As noted above, HBAR is doing well because of the significant progress its native platform, Hedera Hashgraph, has made in recent weeks. In particular, today's rally has its roots in the February 7 announcement that computing giant Dell would be joining Hedera's governing body, with a particular focus on using Hedera for research into edge computing (a branch of Internet-of-Things computing).

This announcement sparked a big jump