HBAR Price Ready to Rip? Hedera’s Buy Wall Signals a Gigantic 200% Pump as Solaxy Eyes $30 Million
The Hedera price had a sluggish performance in the last 30 days with around 11% lost in value, now trading below $0.20.
However, through the years, Hedera managed to create one of the strongest communities in crypto. It’s not quite as big as XRP or Kaspa ones for instance, but it’s definitely among the biggest ones.
Analyst ‘CW’ updated his Hedera price prediction based on his HBAR chart analysis. Meanwhile, Solaxy’s presale is hot and now eyes $30 million raised. Let’s dig in.
Is HBAR Price Gearing Up for a Massive 200% Pump?
Crypto analyst ‘CW’ recently shared a chart that shows HBAR might be ready for a big price jump. Right now, HBAR trades at about $0.19 on Binance, down nearly 4% for the day. The Hedera chart shows a pattern called a descending wedge, which often means prices will rise soon.
The chart has a strong green support zone between $0.15 and $0.18. This is where buyers usually step in. CW calls this a “buy wall” and thinks it will hold the price up. There are several resistance levels ahead at $0.30-$0.32, $0.40-$0.45, and above $0.55.
$HBAR has a buy wall formed below the current price.
This buy wall will provide support.
There are also 3 sell walls above. If it breaks through the sell wall around $0.31, it will quickly surpass the high formed early this year.
In the short term, it is expected to rise… pic.twitter.com/2BpvKNhTmb
— CW (@CW8900) March 20, 2025
The falling wedge pattern shows two lines coming together. If the price breaks above the upper line, HBAR could move up quickly. CW drew a white curved arrow pointing to $0.55, suggesting HBAR might reach that price.
Trading volume spikes near support levels, which means buyers are active when prices drop to these areas. For a big price move to happen, we would need to see higher volume when the price breaks out.
In his tweet, CW highlights a strong buy wall forming below the current price. He thinks the key level to watch is $0.31. If HBAR breaks through this price, it could quickly rally past previous highs toward $0.55 after some ups and downs.
For now, HBAR sits near support and shows signs of a bullish pattern. Breaking $0.31 will be crucial for any major upward move. Reaching $0.55 would depend on keeping good momentum and trading volume.
Read also: This Trader Makes a Shocking Hedera (HBAR) Price Prediction – Top Crypto to Buy?
Solaxy Presale Gains Momentum, Eyes $30 Million Raised
Solaxy’s presale is one of the hottest events in crypto right now. It has raised over $27.3 million and is close to hitting $30 million. The token price is currently $0.00167, but it goes up every 48 hours.
Solaxy is a layer-2 solution for Solana. For comparison, Ethereum’s layer-2 project ‘Pepe Unchained’ saw its price jump 8x after launch. That project raised over $60 million in its presale.
Solaxy helps solve Solana’s network congestion by moving transactions to a second layer. This makes transactions faster and cheaper. It also connects Solana and Ethereum, letting users move assets between both networks easily.
Stack it up to the 🌕 with $SOLX🔥🛸https://t.co/aSkbpCj6xQ pic.twitter.com/TCiuM9MjUO
— SOLAXY (@SOLAXYTOKEN) March 20, 2025
The project takes most transactions off Solana’s main chain to prevent slowdowns during busy times. It bundles multiple transactions together to cut costs. Its bridge between Solana and Ethereum combines Solana’s speed with Ethereum’s large user base.
Solaxy also has tools that spot potential network problems before they cause issues. The team focuses on keeping the system secure while staying true to crypto’s decentralized nature. They use audits and strong security measures to protect users.
Solaxy could become an important crypto project in 2025 and beyond. The official launch is planned in a few weeks. Until then, you can buy SOLX tokens at a lower price through their presale page.
Read also: Best Penny Crypto to Buy Following Big FOMC and XRP vs SEC News
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