Hedera Price Prediction as HBAR Becomes Best Performing Coin of the Week – Can HBAR Reach $1?
The Hedera price has surged to $0.072648 today, with this price representing an impressive 10% gain in the past 24 hours.
HBAR's current price also means that it has risen by 25% in the last seven days and by 42% in the last 30, with most of these gains coming in the past week, following the news that a Hedera-based platform, Dropp, has been added to the list of FedNow service providers.
This development has underlined the potential of Hedera, which is a proof-of-stake decentralized network that uses hashgraph rather than blockchain technology, theoretically making it faster and more scalable than many of its rivals.
And with Hedera also witnessing growth elsewhere, it's likely that HBAR could continue rising in the longer as well as shorter term.
HBAR's chart makes it clear why it's the best-performing top-100 coin of the week, with its indicators all showing strong momentum that could continue for several days yet.
Its relative strength index (purple) has risen to 80 again after falling down to 70 yesterday, with its return to this very high level suggesting that its momentum is likely to last a while longer.
Similarly, HBAR's 30-day moving average (yellow) is now rising strongly above its 200-day average (blue), yet it still has room to rise further before it will become distinctly overbought and in need of crrection.
It's also likely that the altcoin's support level (green) will rise substantially in the coming days, meaning that even if today's rally doesn't last for much longer, HBAR shouldn't fall back down too far.
This caution aside, it's probable that HBAR will see further gains in the coming days, potentially moving to $0.080 before running out of steam.
And the reason for its momentum is that FedNow – the Federal
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