Hedera’s token HBAR is in full breakout mode, as it has surged by 17.11% in just 24 hours and 41.66% over the past week. HBAR’s price trend is being fueled by strong technical setups and fundamental catalysts. With market cap surging to $11.92 billion and trading volume skyrocketing by 126.07%, the token is now one of the top performers in the altcoin space.
The sharp price rise is fostered by hopes of a spot ETF approval in the U.S., Hedera’s expanding DeFi ecosystem with a $215 million TVL, and strategic enterprise integrations. If you are a HBAR holder, you need to check out this short-term HBAR price prediction.
The daily chart I’ve shared below clearly shows that HBAR has broken out of a long-term falling wedge pattern. After being in a tight range for months between $0.10 and $0.22, the breakout was confirmed with a strong bullish candle backed by surging volume.
The price now trades at $0.2816, approaching the $0.2976 intraday high, with an eye toward key resistance at $0.37353. It is worth noting that, if the momentum persists, HBAR’s path to the $0.50 level looks increasingly realistic. That being said, the key support lies at $0.2376.
Talking about technicals, the RSI, which sits at 85.17, is deep in overbought territory. On the other hand, the Bollinger Bands are widening, reflecting rising volatility. This is while the price is trading well above the 20-day SMA and Bollinger mid-line at $0.1902, indicating sustained bullish momentum.
HBAR’s rally is fueled by ETF optimism, strong DeFi growth with $215M in TVL, and key enterprise partnerships.
The next major resistance lies at $0.37353, followed by a psychological target at $0.50.
While the trend is bullish, RSI suggests overbought conditions. A pullback to the $0.24–$0.26 range may offer better entry.
Michael Saylor has continued to accumulate Bitcoin (BTC) quietly amid midterm crypto bull market uncertainty.…
The crypto space is abuzz with the launch of Layer Brett, a promising memecoin currently…
Sheridan, Wyo., 2 September 2025 - Global Gold, the modern monetary infrastructure for the world’s…
Shiba Inu (SHIB) has remained a household name in the meme coin universe, but in…
Meme coins have always been unpredictable, but occasionally, a new project makes people pause and…
XRP is trading near $2.82, up about 2% on the day but down over the…