Hedera (HBAR) has surged 23% in just 24 hours, surpassing crucial resistance amidst waves of optimism and strong cash flow.
In the vigorous recovery wave of the cryptocurrency market, Hedera (HBAR) has become the focal point of attention as it recorded a spectacular price surge. In just 24 hours, HBAR skyrocketed over 23%, officially surpassing the crucial resistance level – a price range that has repeatedly hindered this coin's upward momentum.
The momentum for this breakout comes from the spreading optimistic sentiment, rising open interest along with strong capital inflow into exchanges. These signals not only reflect investor confidence but also open up expectations for a new price rally of HBAR in the near future.
Market sentiment and HBAR price forecast
Currently, market sentiment towards HBAR is strongly leaning towards an upward trend, with widespread optimistic confidence following the recent impressive breakout.
On July 18, 2025, analyst JAVON posted a positive assessment, emphasizing that HBAR is maintaining a strong upward trend and targeting a price of $0.504.
Notably, not just one, but a series of similar analyses have emerged on X, reflecting the increasing interest from the investment community and analysts towards HBAR – a coin considered one of the brightest names in the current bullish wave.
Current price trends
At the time of writing, HBAR is trading at $0.2844, recording an impressive increase of over 23% in just 24 hours.
Along with a strong price increase, trading volume has also exploded, surging 152% compared to the previous day. This activity largely stems from the enthusiastic sentiment of investors and positive signals from technical analysis – especially after HBAR broke through the important resistance level and benefited from the weakening Bitcoin dominance index.
Technical analysis of HBAR and key levels to watch
According to opinions from technical analysis experts, the impressive breakout of HBAR occurred after a period of stable accumulation – a classic signal that precedes strong and sustained growth.
HBAR breaking through the important resistance level – where prices have been 'held back' for many months – has opened the door for a large-scale bullish cycle, especially if the upward trend is supported by sustained high trading volumes.
Based on recent price behavior and past accumulation momentum, analysts forecast that HBAR may continue its upward trend and approach the $0.37 mark – equivalent to a potential increase of about 30% in the short term.
However, HBAR's relative strength index (RSI) has currently reached 85 – a threshold that indicates the asset is overbought and showing signs of overheating.
This raises the possibility of a technical correction occurring, with a sideways or slight downward price trend before the market continues its growth.
Signals from on-chain and derivative data
In the context of positive market sentiment, many investors are beginning to take profit following the recent strong price increase, according to data from the on-chain analysis platform CoinGlass.
In just the past 48 hours, exchanges have recorded HBAR inflows totaling $12.77 million – a signal that may indicate short-term selling pressure and raises the question of whether this is an ideal time to realize profits.
Notably, HBAR's open interest (OI) has soared 22%, reaching a record high of $527 million. This development indicates strong capital flow into the derivative market, further reinforcing expectations for a new bullish cycle of HBAR in the near future.