HBAR price sits near $0.245 as it retests a crucial trendline that has held strong since mid-July’s reversal.
A 13.50% jump in 24-hour volume shows strong interest building as bulls defend key support near $0.245.
Robinhood listing and Hedera’s growing utility add fuel to bullish sentiment, hinting at $0.31+ price potential.
HBAR is holding steady near $0.245, testing a key trendline that’s acted as strong support. Traders now watch for a breakout toward $0.31 as momentum and interest build rapidly.
Chart Pattern Signals a Decisive Moment
Kamran Asghar recently pointed out something interesting about Hedera (HBAR). In his tweet, he noted that HBAR was testing a long-term ascending trendline—something that’s been acting like a safety net for weeks. At the time of his post, the price sat at around $0.2489, right above that trendline.
The chart shows that each time HBAR dips to this trendline, buyers rush in. These quick reversals have created a clear range between $0.245 and $0.315. There's a kind of rhythm forming here: buyers defending, price bouncing, and traders waiting for confirmation. It's formed what looks like a broadening wedge—wide swings, higher lows, and hints of a breakout brewing.
Momentum Builds Around Hedera’s Fundamentals
But this isn’t just about the chart. A lot is happening behind the scenes too. For starters, HBAR recently got listed on Robinhood. That single event brought in a flood of new retail interest and pushed the price up 13% in July.
Meanwhile, analysts have been pointing out Hedera’s real strengths—like its ability to handle 10,000 transactions per second. It's not just fast; it’s backed by some major names too, like Google and IBM. On top of that, the ecosystem is expanding into DeFi and tokenized real-world assets through initiatives like Thrive Protocol.
According to data from CoinMarketCap, HBAR’s market cap now floats around $10.7 billion. That’s no small number, with prices holding just above support, many are hopeful a rally could follow.
As the $0.245–$0.250 zone holds firm, all eyes are on whether HBAR can make that next leap toward $0.31, possibly even higher.
