"HBAR Token Surge Predicted: Analysts Eye $0.3 to $75 Amid Crypto Resurgence"

Hedera Hashgraph's HBAR token has been gaining attention in the crypto market, with analysts predicting a potential price surge. Despite the current bearish trend, which has resulted in a monthly loss of 22%, the HBAR price is poised for a notable upswing, driven by the platform's major developments.

Crypto enthusiast Merlijn The Trader shared an X post, predicting the HBAR price's potential upswing. According to his analysis, the HBAR price will reach a high of $0.3 in the near future. The trader highlighted HBAR's robust retest of a crucial resistance level, maintaining its parabolic structure and gaining momentum for a potential upward move.

Meanwhile, another prominent figure, Solberg Invest, provided a more ambitious forecast. According to the crypto aspirant, the HBAR price could reach even the $0.9 mark. However, it is essential to note that these predictions are based on individual analyses and may not reflect the actual market performance.

In his X post, analyst Rekt Capital pointed out that HBAR's Relative Strength Index (RSI) showed overbought signs, similar to those seen in 2021. Thus, HBAR's price has pulled back to a specific area, marked as an orange circle within the graph. In 2021, when HBAR's price stabilized around $1.5, it sparked a significant bullish rally, pushing the token to a high of around $5. With HBAR currently hovering around the same level as in 2021, the analyst predicts a potential repeat of the previous rally, driving the token's price even higher.

CryptoELITES, a well-known analyst, has set an even more ambitious target of $75 for HBAR. As of press time, the HBAR is trading at $0.2442, marking a dip of 3.8% in a day. Over the last week and month, the token has seen massive declines of 21.4% and 22.6%, respectively. The token's ability to reach this lofty goal remains to be seen.

David Duong, head of research at Coinbase, highlighted the surprising return of "dinosaur" altcoins, including HBAR, XRP, and Solana. According to him, the recent crypto crash has resulted in the rally of