HBAR rockets as Hedera’s stablecoin dominance grows—bulls eye $1

Hedera’s HBAR token surges alongside booming stablecoin adoption—defi’s latest ’sure thing’ or another overhyped altcoin ride?

Stablecoins now command 43% of Hedera’s total value locked, with USDC leading the charge. Network activity hits ATHs as institutional players quietly accumulate.

Technical indicators flash bullish: HBAR breaks key resistance at $0.35, with traders targeting $0.75 by Q3. Skeptics point to vaporware partnerships—because in crypto, ’enterprise adoption’ is just three VC tweets away from reality.

Another potential catalyst for HBAR is the SEC’s upcoming tokenization roundtable on May 12, which will feature representatives from major firms such as Franklin Templeton, BlackRock, and Invesco. The meeting will focus on regulating tokenized assets.

Hedera has emerged as one of the top chains in the real-world asset tokenization industry. For example, it partnered with Tokeny Solutions last week. Tokeny provides an onchain operating system for compliant asset tokenization.

HBAR crypto price prediction

On the daily chart, HBAR rebounded on April 9, breaking above the upper side of a falling wedge pattern. It then ROSE to a high of $0.2020, which aligns with the 100-day Exponential Moving Average.

The bars of the Awesome Oscillator have pointed downwards and are about to cross the zero line. Also, the Relative Strength Index has formed a double-top pattern at 61.6, a sign that it is about to drop further. 

Additionally, the MACD lines have made a bearish crossover. Taken together, these signals suggest that HBAR may continue to decline, with sellers targeting the year-to-date low of $0.1250. If reached, this level would form a double-bottom pattern, a potential reversal setup.