Hedera (HBAR) Targets $1 Milestone After 800% Surge as Mainnet Upgrade Sparks Bullish Momentum

Hedera's HBAR token has skyrocketed over 800% from early lows, now consolidating NEAR $0.27 as technical indicators flash bullish signals. The rally precedes a pivotal mainnet upgrade set for July 23, which promises to boost network speed and reliability.

Technical analysis shows sustained accumulation, with the Chaikin Money FLOW indicator holding at 0.05, confirming ongoing capital inflows. The MACD setup suggests upward price action may continue, despite a minor pullback from weekend peaks at $0.30.

Market analyst Patel reaffirms a $1 price target but warns of heightened trading risks amid increasing volatility. HBAR's breakout from a prolonged accumulation phase has attracted fresh institutional attention, with immediate support established at $0.28149 (9-day DEMA).