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- HBAR is retesting the crucial $0.235 resistance level.
- RSI and MACD show strong bullish signals for upside momentum.
- A break above $0.275 could propel HBAR to $0.363 and a new cycle high.
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Hedera’s price action is showing signs of life again, with technical indicators hinting at a potential bullish trend reversal after weeks of decline. Following a sharp rally to $0.305 on July 27, HBAR slipped beneath critical support in August, triggering fears of a prolonged downtrend. However, the token’s recent rebound is reigniting optimism that buyers may be regaining control.
Hedera Attempts to Reclaim $0.235 Resistance
HBAR has been locked below a descending resistance trendline since its late-July peak, with multiple rejections around the $0.235 level. After briefly dipping to $0.210, Hedera has bounced back and is now testing the crucial confluence of resistance levels around $0.235.
Despite the earlier breakdown, this rebound has been stronger than expected. Notably, the Relative Strength Index (RSI) has climbed above 50 while the Moving Average Convergence/Divergence (MACD) has made a bullish cross—two classic signals that suggest building upward momentum. If HBAR successfully clears $0.235, the next resistance target lies at $0.278.
Wave Count Points to New Cycle High
A closer look at Hedera’s Elliott wave structure suggests the token has completed a W-X-Y corrective pattern. With both the W and Y waves showing similar lengths, this aligns with the start of a fresh upward impulse.
If the count proves accurate, HBAR could rise toward $0.363—aligned with the 1.61 external Fibonacci retracement. This level would mark a new cycle high, potentially confirming the end of the correction phase.
Also Read: Wyoming Chooses Hedera for First U.S. State Stablecoin—Big Win for HBAR
HBAR Moves in Step With XLM and XRP
HBAR’s price has closely mirrored XLM and XRP over the past year. While XRP broke out to new highs earlier in 2025, both XLM and HBAR have lagged behind. However, technicals for all three now appear bullish, suggesting that if the year-long fractal pattern continues, Hedera could soon follow XRP’s lead to new highs.
If HBAR successfully reclaims $0.235 and breaks above $0.275, it could ignite a powerful rally toward $0.363. With momentum indicators flashing bullish signals and historical patterns supporting upside, Hedera appears poised for a potential trend reversal—provided bulls seize the moment.
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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 a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
