Hedera’s HBAR Rises to $0.23 as Breakout Test Nears Key $0.25 Level
Bullish reversal patterns signal potential upside contingent on a strong-volume close above $0.25.
Overview
- HBAR traded around $0.23 after a 24-hour gain of about 6%, with market cap near $9.64 billion and volume around $282.6 million.
- Charts highlight a falling wedge alongside a double-bottom base, with wedge resistance clustered near $0.25.
- Analysts flag $0.28–$0.30 as the next hurdles if price closes above $0.25 with sustained buying pressure.
- Holding the $0.21 area remains critical for the bullish setup, as a failure toward $0.18–$0.20 would undermine the pattern.
- Some coverage notes potential tailwinds such as DTCC and Archax developments and separate ETF talk, which remain unconfirmed drivers.