🚀 HBAR Skyrockets: Robinhood, Stablecoins, and Golden Crosses – What’s Not to Love? 🚀

by

So, Hedera Hashgraph’s HBAR token has been on a bit of a joyride lately, soaring through the crypto skies like a confused pigeon that suddenly discovered it’s actually a falcon. 🦅 For three consecutive days, it’s been the belle of the blockchain ball, leaving other tokens in the dust. Or, as Douglas Adams might say, it’s been “hanging in the air precisely the way bricks don’t.”

HBAR leaped to a dazzling $0.27 on Saturday, a 17% jump from its weekly low. That’s like going from “I think I left the stove on” to “I’m buying a yacht” in crypto terms. Since April, it’s up by 110%, giving it a market cap of over $11 billion. 🤑 Someone call the accountants—Hedera’s clearly been eating its financial vegetables.

Why the sudden surge? Well, it turns out Robinhood—yes, the platform where everyone either becomes a millionaire or loses their lunch money—listed HBAR. With a market cap of $92 billion and more customers than a Black Friday sale, Robinhood’s crypto volume hit $46.1 billion in Q1. That’s a lot of zeroes, and apparently, HBAR wanted in on the action. 🕶️

But wait, there’s more! HBAR’s stablecoin supply has been ballooning like a party guest who’s had too much punch. DeFi Llama data shows a 9% increase in the last seven days, hitting $210 million. That’s up from a measly $40 million earlier this month. Clearly, someone forgot to tell HBAR that “stable” doesn’t mean “shoot for the moon.” 🚀

Hedera’s network has also been growing faster than a rumor in a small town. Stader’s total value locked (TVL) is up 55% in 30 days to $120 million. SaucerSwap’s TVL? Up 68% to $75 million. And Bonzo Finance? $52 million. It’s like everyone suddenly remembered Hedera exists, and they’re not mad about it. 🤯

HBAR’s Technical Shenanigans

Now, let’s dive into the technical mumbo jumbo, shall we? The daily chart shows HBAR forming a double-bottom pattern at $0.1242—its lowest points on April 7 and June 22. Its neckline? $0.2275, the highest it got in May. Think of it as HBAR’s way of saying, “I’ve hit rock bottom, but look at me now!” 🕺

It’s also pulled off a break-and-retest pattern, moving back to that $0.2275 support. In crypto-speak, that’s like a bullish high-five. And let’s not forget the golden cross—when the 50-day and 200-day moving averages decide to dance. It’s basically the crypto equivalent of a standing ovation. 🎉

So, where’s HBAR headed next? Bulls are eyeing $0.2985, its monthly high, which is about 12% above its current level. If it breaks that, it’s aiming for last year’s high—a 50% jump. In other words, HBAR’s not just soaring; it’s plotting a heist on the moon. 🌕

As Douglas Adams might quip, “The HBAR token is not only merely alive, it’s doing the crypto equivalent of tap-dancing on the sun.” 🌞

Read More

2025-07-26 18:52