Hedera Hashgraph’s native token $HBAR has confirmed a bullish breakout, clearing its descending channel and gaining upward momentum. Following a decisive move above $0.264, HBAR surged to an intraday high of $0.271, supported by rising volume and strengthening technical indicators. The price action suggests that the asset may be preparing to challenge higher resistance levels at $0.271 and $0.288, fueled by renewed market interest.
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🔍 Key Developments
Breakout Confirmed: Price exits descending wedge and breaks above the July 19 trendline
Volume Surge: Buying volume expanded significantly during the breakout
Support Zone: $0.250 now acts as a strong base
Short-Term Target: $0.28836
Key Indicator Movements: RSI > 60, bullish divergence and crossover on stochastic oscillator
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📈 Technical Analysis
1. Breakout From Descending Channel
On the HBAR/USDT pair (Binance), HBAR successfully broke out of a descending wedge pattern, climbing above critical resistance at $0.264 and reaching $0.27104. This move marks the end of a prolonged bearish structure that traced back to mid-July, forming a textbook five-wave pattern followed by a sharp decline.
The breakout was validated by:
A successful retest of the wedge resistance-turned-support near $0.250
A large green candle with minimal upper wick, indicating strong buyer momentum
Rising volume levels confirming the strength of the breakout
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2. Momentum Indicators Support Bullish Outlook
On the 1-hour timeframe, multiple bullish indicators are aligning:
Stochastic Oscillator: Turned upward from oversold territory
RSI: Surged above 60, showing bullish divergence and sustained strength
200 EMA: Price has closed above this moving average, signaling a bullish shift in bias
These developments point to building momentum and increased confidence in the reversal.
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🧭 Volume Profile and Key Resistance Levels
The volume profile highlights a dense cluster of participation between $0.245 and $0.264. This zone, previously acting as a congestion area, has now been cleared. Price has moved into lighter volume regions, which historically allows for quicker, low-resistance moves.
Key levels to monitor:
Immediate Resistance: $0.271 (current breakout high)
Next Major Resistance: $0.28836 (previous high from earlier moves)
Immediate Support: $0.250 (breakout confirmation zone)
A sustained hold above $0.271 would likely open the path toward a test of $0.288, which aligns with a key horizontal resistance observed in recent market structure.
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📊 Market Sentiment and Structure
The current candle formation on lower timeframes is structurally clean, with strong closes and limited upper wicks—indicative of decisive buyer control. Rising volume and the breakout above major EMAs further reinforce the bullish sentiment.
Failure to hold $0.250 would invalidate this setup, potentially leading to re-entry into consolidation zones. However, as of now, buyers remain firmly in control, and momentum is tilted to the upside.
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📌 Outlook: Is a Larger Reversal Unfolding?
HBAR’s price action reflects a classic wedge breakout pattern, accompanied by increased volume, bullish divergences, and a reclaim of key moving averages. With the descending channel broken and higher lows forming, the stage may be set for a broader trend reversal.
Bullish Continuation Above $0.271: Opens potential toward $0.288
Failure to Hold $0.250: Could result in short-term consolidation
If buying pressure persists and broader market sentiment remains constructive, HBAR could re-test $0.288 in the near term—potentially setting the tone for a larger bullish move in Q3 2025.
