Can HBAR Price Rally To $2.20 As Stablecoin Usage & ETF Buzz Gain Momentum?
Key Insights:
- Hedera’s USDC usage surged over 2,150% recently, signaling increased adoption in stablecoin settlements.
- HBAR faces $70 million in potential short liquidations if the price breaks and holds above $0.200.
- HBAR price prediction points to a potential long-term high of $2.20 amid institutional growth.
Hedera (HBAR) price is attracting more interest in the crypto market. This is due to recent news about increasing stablecoin transactions and talk of an exchange-traded fund (ETF). Some analysts and investors are monitoring HBAR price to check if it can keep rising and reach the $2.20 target.
Stablecoin Usage on Hedera Impact on HBAR Price
Notably, recent data from crypto analyst ALLINCRYPTO revealed that USDC on the Hedera network has grown by more than 2,150% over the past few weeks. More financial institutions are adopting blockchain solutions for both international payments and treasury management. Institutional investors are being drawn to Hedera mainly due to its infrastructure that increases speed and lowers costs of transactions.
In addition, the chart showed that 58% of traditional banks mainly use stablecoins for cross-border payments and 28% focus on receiving payments. The inclusion of Circle’s USDC stablecoin fits well with what large enterprises require.
Consequently, as more transactions are made using USDC on the Hedera network, it helps strengthen the network’s position as a secure blockchain.
Furthermore, growing interest in stablecoins on Hedera goes hand in hand with an increase in collaborations between blockchain developers and companies. Analysts consider this trend to be supporting the broader use of HBAR tokens in transaction and settlement applications.
$70 Million in Short Liquidations Loom Near $0.200 Level
Amid these developments, HBAR price is trading at $0.194, close to the resistance at $0.200. If this price is broken and held, technical indicators show that short positions worth $70 million could be liquidated. As a result, the price could increase since shorts are required to buy the asset back, creating upward momentum in the market.
Moreover, HBAR price breaking out above $0.200 could potentially move toward $0.220. In such a situation, HBAR may experience a rally because of heavy trade volume and an increase in investors’ interest. Consequently, the concentration of buying pressure around the level may soon flip $0.200 from a resistance to a support level.
Besides, such pressure from liquidations might boost the near-term bullish trend. However, whether this shift can be sustained long-term will mainly depend on how the wider market and on-chain transactions behave.
Chaikin Money Flow Turns Positive After Five Months
More so, the HBAR price chart showed a first positive Chaikin Money Flow (CMF) value since December 2024. This means more people are investing in HBAR, there is more buying interest, and sentiments are rising. Often, a strong technical CMF is a signal that money is heading back towards the asset.
Additionally, this upward trend in CMF matches recent market developments and stablecoin use on Hedera. With more institutions and developers involved, liquidity is on the rise. With demand rising, we believe prices can continue to strengthen if the market stays supportive.
Long-Term HBAR Price Target of $2.20
According to market forecasts, HBAR price could reach $2.20 by the year 2030. Several points are considered in forming this thought.
Most importantly, Hedera’s influence in enterprise blockchain technology and the potential for future ETF approval. An HBAR ETF could make the cryptocurrency more visible to different investors and improve its liquidity in the regular marketplaces.
More so, Hedera is a Layer-1 protocol designed to be used in actual sectors such as payments, identity, and supply chain. Increased use of crypto sets the stage for rising token demand, which may influence HBAR price in the long run.
