Hedera (HBAR) is showing renewed bullish momentum as buyers defend key support and the broader market structure improves.
Rising trading activity and constructive technical signals suggest growing participation for the HBAR price, while stronger exchange accessibility could enhance liquidity and visibility. A sustained breakout may further strengthen the recovery and attract fresh demand.
At the time of writing, HBAR is trading at $0.07726 with a 24-hour trading volume of $64.01 million and a market capitalization of $3.38 billion. However, the HBAR price over the last 24 hours has declined by 2.07%.
Source: CoinMarketCap
HBAR Price Eyes $0.1050 as Bulls Gain Control
Market watcher More Crypto Online revealed that the HBAR price is continuing to follow the bullish 1-2 setup identified in the previous outlook, with price action developing around key support.
The formation suggests buyers are gradually building momentum after defending the support zone. A sustained move higher could strengthen the structure and set the stage for a breakout toward the next major resistance area ahead.
Source: More Crypto Online’s X Post
The key level to watch is $0.08, which represents the immediate breakout trigger for the bullish scenario. A decisive move above this resistance could confirm renewed buying pressure and improve the HBAR price’s short-term outlook.
If momentum accelerates after the breakout, the technical setup points toward an upside target near $0.1050 as the next potential destination.
Also Read: HBAR Price Eyes $0.097 and $0.123 Targets After Major Trend Reversal
HBAR Technicals Point to Recovery Phase
According to the TradingView chart analysis, the HBAR price reveals a macro recovery following a prolonged summer decline that found a firm bottom near $0.06400 in early August.
After slipping from its June high above $0.09500, price action shifted dramatically through a strong August breakout, pushing the asset back up to consolidate near its current $0.07719 level.
Source: TradingView
The technical indicators suggest that there has been some kind of moderation in the pace after a quick rise in the previous phase.
The 14-period RSI is showing a comfortable bullish condition of 58.09, but there has been some loss in momentum in the MACD histogram with the overlap of the signal line and the main line.
HBAR Sees Stronger Trading With Rising Volume
Coinglass data also pointed out that the activity in HBAR’s market has picked up, as there has been an increase in the trading volume by 14%, amounting to $102.40 million.
However, the open interest has dropped by 4.96% and stands at $114.69 million. This means that the traders are actively involved in the market but at the same time are being cautious about their trading.
Source: Coinglass
Despite the bullish price predictions and improving technicals and volume, the HBAR price is moving in a downward direction. This move is also backed by the BTC’s rejection from the local high near $81K.
Hedera Boosts HBAR Reach With OKX
The data from Hedera further highlighted that the network is helping HBAR make connections to the world of cryptocurrency markets via OKX, which will give traders the opportunity to trade the token on a popular platform for digital assets.
This move can help the HBAR become more visible, liquid, and accessible while bridging the gap between the growing HBAR ecosystem and the rest of the world.
The alliance also underscores the need for exchange infrastructure to facilitate the expansion of Hedera. Through the provision of a reliable platform for the buying and selling of HBAR, the users will be able to access the token more easily and gain some additional exposure.
This may facilitate future growth within the ecosystem, but ultimately the token will depend on the market.
What Happens Next?
The next action from the HBAR price would be determined by whether the bulls manage to capture the $0.08 level and break it.
Breaking out of the said level could favor further recovery, with the focus on $0.1050. The failure at $0.08 could lead to further consolidation. Volume and open interest data will be critical for determining the direction.
Also Read: HBAR Price Eyes $0.12 Breakout as Bulls Regain Control Amid ETF Inflows
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Be the first to comment