Hedera (HBAR) Price Prediction: Surge Driven by the Passage of the GENIUS Act in the U.S., Analysts Eyeing 0.33 Target Price

Hedera (HBAR) is currently reported at $0.2873 in the Asian early trading session today (18), with a daily increase of over 23%. The U.S. House of Representatives has just approved three important bills related to encryption, which could have a significant impact on digital assets, especially the "GENIUS Act." With new bullish momentum appearing on the charts and favorable new laws for regulated stablecoin platforms like Hedera, traders are closely following the next steps.

Why is the passage of the GENIUS Act so important for HBAR?

The "GENIUS Act" and the "CLARITY Act" both aim to provide a more reliable regulatory foundation for cryptocurrency projects. This is good news for networks like Hedera, as it already supports USDC and other enterprise-friendly tools.

With clearer rules, more institutions may be more confident in using Hedera for tokenized payments, stablecoin transactions, and even real-world asset projects. This could drive new applications and potentially increase the demand for HBAR in the process.

HBAR Price Analysis: Bullish Flag Movement

According to Captain Altcoin, if you have been following the charts, you will notice that the HBAR price has just strongly pumped from $0.16 to over $0.26.

Currently, its price has cooled down between 0.24 and 0.26 dollars, forming what looks like a textbook bullish flag.

This is usually a bullish continuation signal. The support levels are around $0.22 and $0.18, while the resistance levels are at $0.29 and $0.33.

If HBAR breaks through $0.26 with strong trading volume, traders will target that level. The RSI (Relative Strength Index) still looks strong, so bulls are at least currently in control.

(Source: X)

Traders have started to follow

A tweet from GilmoreEstates claims that the "GENIUS Act" has been passed, even implying that Trump is about to sign the bill.

Nevertheless, the market is still reacting. Another article from TrendFi pointed out the same bullish flag that we see on the chart and predicted that the price would drop to $0.33.

If the momentum continues, this will align with the resistance level and the expected breakout. With the strengthening bullish sentiment and the advancement of regulation, the HBAR price may be preparing for the next round of pump.