HBAR broke its descending trendline and surged 6%, with volume confirming the strongest bullish structure since April.
A reclaim of $0.15–$0.16 sets up HBAR for a clean retest of $0.19, opening room for continuation toward $0.23.
Momentum flipped after RSI bounced from 40–45, a level tied to historic HBAR rallies and prior breakout phases.
Hedera (HBAR) has reclaimed its support zone between $0.11 and $0.13 with notable precision. HBAR surged 6% to $0.17076, confirming bullish strength by breaking through descending resistance that capped the price for months.
HBAR is entering a new markup phase following a prolonged consolidation that began in early Q2. Buyers repeatedly defended the lower boundary and forced a structural breakout. Momentum has shifted as indicators and volume patterns now support continuation.
Descending Resistance Break Confirms New Market Structure
HBAR breached its descending trendline from February, a formation that had consistently blocked upward movement near $0.19. The breakout followed a series of failed breakdowns that formed a consistent base of higher lows.
Source: (X)
Volume expanded during this move, supporting the claim that accumulation has shifted into active demand. Short-term moving averages flipped supportively beneath price, reinforcing the structural turnaround.
A recent assessment from a market researcher pointed out a sharp RSI bounce between the 40–45 zone. That level previously signaled accumulation during 2023 and again earlier this year, aligning with major price reversals.
Trendline Retest and Target Range Under Watch
A key point is the wedge structure now acting as reclaimed support. If HBAR dips back toward the $0.15–$0.16 area, that move could validate the breakout.
Price targets remain projected between $0.29 and $0.55 - a band that includes multiple rejection zones from 2023’s rally. These overhead levels mark critical checkpoints as the market prepares for a possible expansion phase.
HBAR's latest candle reversed weeks of sideways price action and closed with strength near the high. This strong close suggests traders are positioning early for continued upside.
Based on a report by a market analyst, a break above $0.19 could release further momentum. Clearing that resistance unlocks potential to challenge $0.23 and stretch toward higher marks on the weekly chart.
Volume Surge Validates Shift in Market Tone
Volume patterns now align with trend strength rather than short-term speculation. The confirmation adds weight to the bullish thesis.
Even so, a sustained hold above $0.19 will be needed to verify this reversal. Traders remain focused on intraday reactions and volume behavior.
HBAR's long consolidation appears over. With price pressing higher, momentum building, and indicators aligned, the structure now favors bullish continuation.
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