Hedera [HBAR] – Analyst predicts THIS price target after 23% surge

Key Points

1. HBAR surged 23% in 24 hours, breaking a key resistance level, signaling potential for a sustained upward rally.

2. Analysts predict a 30% price rally toward $0.37, with a target of $0.504, based on bullish market sentiment.

3. HBAR's trading volume surged by 152%, and Open Interest (OI) reached an all-time high of $527 million, indicating strong capital inflow.

4. The Relative Strength Index (RSI) stood at 85, suggesting potential overbought conditions or a temporary price drop before the uptrend resumes.

5. Exchanges saw an inflow of $12.77 million worth of HBAR over 48 hours, raising questions about profit booking timing.