Hedera Hashgraph’s native token breaks key resistance as buyers return to the market
Hedera Hashgraph (HBAR) saw a notable 3% gain in the past 24 hours, signaling renewed bullish momentum as the token rebounded from its ascending trendline support. The move comes amid a broader phase of market uncertainty, with traders closely monitoring whether the asset can sustain momentum above critical levels.
On the daily chart, HBAR has been trading within a rising channel since July, after successfully breaking out from a prolonged descending pattern that lasted through the first half of 2025. The token recently bounced from the $0.21–$0.22 support zone, highlighted as a key demand region, and is now testing resistance near $0.23–$0.24.
A sustained close above this zone could open the door to the next major resistance levels near $0.28 and $0.32, areas that previously marked strong rejection points.
One of BITX analyst said, “HBAR’s structure has shifted from accumulation to expansion. The higher lows and increased trading volume suggest growing buyer confidence as long as the $0.21 floor holds.”
Trading volume has shown steady growth, with a nearly 8% surge in daily turnover, reflecting rising participation from both retail and institutional traders. The increase in activity underscores the market’s interest in Hedera’s ecosystem growth, including its enterprise partnerships and network upgrades.
According to BITX market strategists, “If HBAR can close the week above $0.23, the next challenge will be breaking the mid-range resistance near $0.28. That would confirm the continuation of its medium-term uptrend.”
For now, the $0.21–$0.22 range remains the key support, while resistance levels at $0.24 and $0.28 will determine whether this recovery transforms into a larger bullish breakout.
As HBAR strengthens its technical foundation, the token’s ability to maintain momentum could set the tone for the next leg of growth heading into the final quarter of the year.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.