HBAR Price Target Set at $0.21 as Analyst Eyes 400% Upside

A recent chart analysis shared by a crypto strategist suggests that Hedera's HBAR token could see a significant price increase in the coming months. According to the analyst, HBAR has the potential to reach $0.21, which would push its market capitalization to around $9 billion, representing a 3x to 4x move from its current level.

However, the strategist notes that this target is grounded in relative market positioning rather than pure technical potential. They also acknowledge that a higher price target of $0.70, which would lift the market cap to around $35 billion, is technically possible but unrealistic.

The analyst attributes their decision not to invest in HBAR at current prices to its valuation hurdles and instead recommends focusing on Algorand (ALGO) and Ondo Finance (ONDO), which offer stronger relative potential.