HBAR trades 53% above analyst’s entry, targets $1 on bullish setup

Hedera Hashgraph’s native token, HBAR, is currently trading 53% above the original entry point identified by chart analyst Crypto Patel, reducing the distance to his first price target. The altcoin has shown continued momentum, guided by weekly candle patterns that align with a bullish structure analysis.

Bullish reversal sequence from Smart Money Concepts

Crypto Patel’s scenario expects the following sequence for HBAR: a liquidity sweep, a reclaim, a change of character (CHoCH), and a break of structure (BOS). This order typically indicates a bullish reversal in Smart Money Concepts (SMC) and Inner Circle Trader (ICT) trading strategies, providing structural confirmation for a move toward higher price targets.

If, however, HBAR closes below $0.065 on the weekly timeframe, Patel would consider the bullish thesis to be invalid. Should this threshold hold, the anticipated price targets remain set at $0.30, $0.50, $0.70, and ultimately $1. The latter two targets represent potential new all-time highs, since HBAR’s record price reached $0.56 in 2021.

Crypto Patel maintains that as long as the weekly close stays above $0.065, the outlined price targets up to $1 remain viable, potentially setting new records for HBAR if momentum persists.

Institutional backing and real world asset narrative

Hedera Hashgraph, an enterprise-grade public distributed ledger, counts Google, IBM, Samsung, and LG Electronics among its governing council. This institutional support underpins continued optimism for the project, especially as real world asset (RWA) tokenization gains traction in the broader digital asset market.

Despite significant narrative momentum around RWA and tokenization, the HBAR price has not yet shown immediate gains in reaction. The total value locked on the network remains below $100 million, and trading volumes have typically been under $300 million most days during September. Nonetheless, trader Nicolás Marzuratti sees bullish divergence on the weekly HBAR chart, suggesting a potential opportunity for investors.

At present, HBAR claims a market capitalization of $4.11 billion, recording an 18.55% gain over the past 30 days. However, this price appreciation has not always translated to consistently high trading activity.

Real world asset rollout and regulatory context

The next potential bull run for HBAR is anticipated to be driven by increased utility and evolving regulatory frameworks. Notably, Archax, a Financial Conduct Authority (FCA) regulated digital asset exchange based in the UK, has used HBAR to deploy money-market funds from major financial players such as BlackRock, Fidelity, and State Street.

Circle, known for issuing the USDC stablecoin, also plays a significant role in facilitating RWA integration via the HBAR network. This surge of institutional activity could benefit from regulatory shifts, with joint efforts between the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) following recent legislative developments.

Mini dictionary: Smart Money Concepts (SMC) / ICT — Trading methodologies focused on identifying institutional trading patterns, structural confirmations, and liquidity dynamics, widely used by professional traders to capture market reversals and trends.

Growth in real world asset tokenization and institutional adoption has not immediately reflected in HBAR’s trading volume or total value locked, though longer-term prospects remain positive as regulatory developments advance.