Hedera HBAR Eyes 110% Rally Amid Wedge and Dubai Support
Dubai has strengthened its partnership with the Hedera blockchain, signaling broader institutional and government backing. On-chain data shows wallets holding 1–10 million HBAR added over 50 million tokens (approx. $11 M) in the past week, highlighting whale accumulation. Meanwhile, Remittix (RTX) emerges as a competitor in the PayFi and settlement market. Technically, HBAR trades within a falling wedge on the 4-hour chart. A breakout could trigger a measured rally of about 110%, pushing HBAR toward $0.46. Momentum indicators align with this bullish bias. The 14-period RSI rose from oversold levels to around 50, indicating easing selling pressure. Simultaneously, the MACD histogram has turned positive, and a bullish crossover appears likely. These factors underscore growing confidence in Hedera’s ecosystem, reinforced by Dubai’s support and whale activity. Traders should watch for a close above the wedge and the 50-period EMA at $0.226 as confirmation of the breakout. A successful move may double HBAR’s price from current levels, marking a strong recovery rally.
Bullish
The combination of Dubai’s institutional backing, significant whale accumulation, and a bullish falling wedge chart pattern supports a strong upward outlook for HBAR. Whale wallets have added over 50 million HBAR, signaling confidence among large investors. On-chain and price indicators, including RSI rising from oversold levels and a positive MACD histogram, confirm building momentum. Historically, similar wedge breakouts in major altcoins have led to rapid rallies exceeding 100%. A close above the wedge resistance and the 50-period EMA could trigger a sharp move toward $0.46. In the short term, traders may see increased buying pressure as momentum shifts. Over the longer term, sustained institutional adoption and ecosystem growth could underpin further gains and improved market stability.