HBAR Price (Hedera) Surges 6.6% Overnight as One of the Strongest Performers

Hedera (HBAR) continues to show incredible strength, up another 6.6% overnight after surging 17% in the past 7 days.

Hedera (HBAR) price surged 6.6% overnight, continuing its strong performance as Bitcoin price hit $93,000. The strong move from HBAR is fueled by its push into the AI Agent space with its ongoing hackathon.

The hackathon will continue for another nine days until May 2. It is a remote event with over $30,000 in rewards for the best AI Agent builders.

✨ Get ready for the Hedera AI Agents Hackathon!

With @HashgraphOnline and @HBAR_foundation, we’re bringing together developers, innovators, and AI engineers to explore what’s possible when AI and blockchain converge. 🧵

🛠️ Are you ready to build the future with AI and Hedera? pic.twitter.com/ubVEyleFQM

— Hedera (@hedera) March 26, 2025

Hedera Price From A Technical Analysis Perspective

Hedera (HBAR) continues to show incredible strength, now up another 6.6% despite surging 17% in the past 7 days. With this latest move, it is currently trading for around $0.184, hitting a new monthly high.

The outlook remains extremely bullish as long as the $0.17 support zone holds. A hold at this support level would position HBAR well to reclaim the yearly high of $0.37, last seen in January 2025.

From there, mid-term targets for HBAR would be $1 and $3.37. These targets are derived from the Fibonacci extension, measured from the wick to the bottom of the move.

(TRADINGVIEW)

Also Read: Top 20 Crypto to Buy in April 2025

From a technical analysis perspective, Hedera holders should be comfortable as long as HBAR is above $0.13, a longstanding support level. However, a confirmed close below that level could trigger a drop back to $0.05.

Given the current stage of the market cycle, the upside targets are far more likely, and a revisit to the sub-$0.1 zone seems highly unlikely.

HBAR has a current market cap of $7.8 billion, making it the 19th largest cryptocurrency, according to CoinGecko.

Fundamental Analysis Pushing HBAR Toward A Huge Move

Hedera’s huge move will require bullish fundamentals to support what the chart tells us. The AI Agent hackathon and HBAR’s move into the AI space is definitely one.

Another small but positive piece of news for Hedera price was its recent Cybersecurity accreditations. On Monday (April 22), HBAR announced two major milestones strengthening its standing in Web3 cybersecurity.

Hedera has achieved the ISO 27001 Certification, recognized as the gold standard within the infosec space. As Chief Security Officer at Hedera, Joe Blanchard, highlighted the significance of this achievement:

“Achieving ISO certification isn’t just a badge—it’s a promise. It’s a promise to our team, our partners, and the Hedera community that we’re building security into the DNA of everything we do. In a world where trust is the currency of the future, this is how we lead by example.”

https://twitter.com/hashgraph/status/1914697455788056936

HBAR is also one of the premier projects featured in the ‘Made In USA’ category on CoinGecko. There have also been rumors that President Trump will give some benefit to both crypto projects and investors that are created and based in the USA.

One benefit is believed to be from a tax perspective. Trump has hinted that US investors could pay 0% capital gains tax on these USA coins. From a project side, US-based crypto firms could be required to pay less tax, something that would benefit the Hedera price greatly.