Hedera (HBAR) is gaining traction as it aligns with the anticipated bullishness in Q4. After rising over 14% this week, it seems ready to capitalize on a broader market rally. HBAR is currently trading at $0.061, showing a slight decline in the last 24 hours, likely due to a correction after three consecutive green days. Despite this, the price remains strong with a stable volume-to-market cap ratio of 2.13%.
Its fully diluted market cap stands at $3 billion, with 37 billion HBAR in circulation out of a maximum supply of 50 billion.\Hedera’s market dominance is gradually increasing, signaling its potential to benefit from the expected Q4 crypto market surge. The rise in dominance reflects growing adoption among traders, investors, and institutions. This has led to an upward trend in HBAR’s price action over the past two weeks, bringing it to a crucial resistance level of $0.06. Breaking above this could confirm a double bottom formation, indicating a potential price floor for Hedera.\The MACD has flipped bullish, and the histogram reflects increasing volume and strength in the HBAR/USDT pair. If HBAR can push past the $0.06 level and approach the $0.10 resistance, it could see gains of up to 65%, potentially within Q4.Key metrics, including open interest, funding rates, and whale activity, suggest that the broader market, including Hedera, is positioned for further gains. The open interest is at 80%, indicating strong interest in HBAR, while funding rates show that long positions are paying short positions, signaling bullish sentiment. Additionally, the whale-to-retail delta is at its maximum, suggesting that large investors are accumulating HBAR at a faster rate than retail traders, further supporting the likelihood of higher prices.\Analyzing the HBAR/USDT liquidation levels on Bitget shows $2.25 million in orders will trigger at $0.0627. This indicates market participants are targeting high liquidity zones, making the price likely to move toward this level. If the $