Cryptonews Industry Talk

$10 HBAR Incoming? Hedera Gains 5% as Volume Surges Past $650M

Hedera (HBAR) has delivered on breakout expectations with a 5.26% surge today, backed by a 50% spike in trading volume to $650 million – a $10 valuation is back in focus.

Junior Content Creator

Harvey Hunter

Junior Content Creator

Harvey Hunter

About Author

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Author Profile

Last updated:

March 6, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

While other leading altcoins buckled this week, HBAR is gearing up to be March’s best performer, like Sonic was in the February altcoin report.

It has held firm against broader economic pressures—such as US President Trump’s “tariff war” and NATO tensions—maintaining a strong 25% gain for the week.

It is this resilience that is fuelling speculation that a $10 target could be within reach.

HBAR Price Analysis: Is a $10 Hadera Imminent?

Its potential is most apparent with the breakout of a falling wedge pattern that has been forming since mid-December.

HBAR / USDT 1D chart, symmetrical triangle pattern. Source: Binance.

While $10 remains a distant goal, this move lays the groundwork. Much of its projected upside has played out, but the pattern still sets a target of $0.36—a potential 50% gain from current levels.

It has promising staying power, especially as technical indicators favor the bulls.

The Relative Strength Index (RSI) has reset to a neutral 52 after nearing overbought territory at 70, while the MACD line remains in an uptrend above the signal line—both signs of dominant buying pressure.

This forms a solid foundation for growth, though consolidation may be the next move with the 50SMA presenting a strong overhead barrier to the 20SMA supports rebound attempts.

If buying pressure persists into the weekend, this barrier could be broken.

Hedera Might Not Be the Best Play this Bull Cycle

Those who jumped to HBAR as an alternative Layer-1 to Solana (SOL) may need to reconsider— Solaxy ($SOLX) has solved the Solana Network’s biggest limitation: scalability.

Post-inauguration “meme coin mania” has made the Solana network a goldmine for 10-100x meme coin opportunities, but the trading volume it brings has taken a toll.

As any user would know, failed transactions are the platform’s biggest gripe. Solaxy heeds the answer to this call, all the while riding its tailwinds.

Unlike Ethereum, which boasts several Layer-2 options, Solana has long lacked this capability—until now.

By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion, lowers transaction costs, and enables seamless interoperability between blockchains.

With over $25 million raised in its ongoing presale, the project is already gaining strong momentum—potentially credited to its 162% APY on staking that rewards early investors.