|
Getting your Trinity Audio player ready...
|
Hedera (HBAR) is trading at a critical juncture, with technical analysts eyeing a potential breakout that could push the altcoin toward $0.41 by the end of 2025. After months of bearish pressure, HBAR appears to be stabilizing — and some indicators now suggest a trend reversal may be underway.
Over the past month, HBAR has traded within a tight range between $0.16 and $0.22, currently hovering around $0.18. In the last 24 hours, the token slipped by 3%, though it’s up 0.38% on the weekly chart. Trading volume has declined significantly by 39%, with $163 million changing hands — a sign of market indecision.
From a technical standpoint, the Relative Strength Index (RSI) has dropped from overbought conditions to a neutral reading of 49, indicating fading bullish momentum but also room for upward movement. At the same time, HBAR’s BBTrend indicator has climbed from -8.99 on May 19 to 0.97, signaling a shift in sentiment from bearish to neutral-positive.
Analysts believe $0.18 is a key support level. If the token can defend this zone and push above $0.20, it may retest $0.22 and potentially target $0.24. Failure to hold $0.18, however, could drag the price down to $0.191 or even $0.184 in a bearish continuation.
Also Read: Hedera (HBAR) Price Prediction: MACD Bullish Cross Returns After 686% Rally Signal
Renowned crypto trader VipRoseTr has identified a descending triangle pattern forming since mid-2024, with flat support at $0.10 and declining resistance from $0.30. He believes a confirmed breakout could drive HBAR past $0.27, then $0.34, and eventually to $0.41, marking a new all-time high.
Fueling optimism are key ecosystem developments. Alchemy Pay’s integration of HBAR and USDC for fiat on-ramps is enhancing real-world utility. Meanwhile, the Hedera Foundation’s reported interest in acquiring TikTok has sparked discussions about major strategic expansions.
With sentiment slowly shifting and support levels holding, traders are watching closely. A confirmed breakout from current levels could put HBAR on the path to a significant year-end rally — potentially hitting $0.41 if bullish momentum sustains.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
