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Key Takeaways:
- HBAR has rallied 150% since April after a major early-year crash.
- Momentum indicators on weekly charts suggest a strong bullish breakout.
- A break above long-term resistance could lead to a new all-time high.
After a shaky start to 2025, Hedera (HBAR) is staging a powerful comeback. Once down 70% by April, the coin has surged 150% in the second half of the year, placing it near a decisive technical resistance that could define its next move.
Long-Term Resistance in Sight
HBAR has struggled to break above a descending resistance trend line since its all-time high in September 2021. Failed breakout attempts in December 2024 and January 2025 marked key rejections. However, five consecutive weekly bullish candles since April suggest growing upward pressure. The Relative Strength Index (RSI) has crossed 50, and the MACD is now positive—conditions that historically preceded major rallies of 255% and 890%.
Daily Chart Shows Support Retest
Zooming in on the daily chart, HBAR recently broke out of an ascending parallel channel and validated the $0.240 support area. This confluence with horizontal support strengthens the bullish case. However, a rejection at the 0.618 Fibonacci retracement level, along with declining RSI and MACD, introduces some caution.
Short-Term Setup Points to Breakout
The six-hour chart provides the clearest signal. A deviation and reclaim of the $0.24 support suggests the formation of an inverse head-and-shoulders pattern. Additionally, the completion of an A-B-C correction pattern implies the correction phase may be over. A successful breakout from the current short-term resistance could confirm this thesis and set the stage for HBAR to challenge its long-term ceiling.
Hedera’s price action across multiple time frames aligns in favor of a breakout. While short-term indicators carry mixed signals, overall momentum and structural support point to a bullish continuation. A decisive move above long-term resistance could open the door to new all-time highs, making HBAR one to watch closely in the coming weeks.
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.
Also Read: Hedera (HBAR) Breakout Looms Amid Bullish Momentum
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.
