Hedera’s HBAR Eyes $0.40 After 27% Weekly Surge and Bullish Breakout

Sean Williams
HBAR

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Key Takeaways

  • HBAR price surged 27.5% this week, maintaining momentum despite a choppy broader crypto market.
  • Ascending triangle breakout pattern signals a potential mid-term rally toward $0.40.
  • Volume and market structure remain key indicators for confirming the continuation of the current bullish trend.

Hedera’s native cryptocurrency, HBAR, has emerged as one of the strongest performers this week, gaining over 27.5% amid a wave of bullish sentiment sweeping through the digital asset space. Despite mixed market momentum, HBAR has managed to hold steady, reinforcing optimism that a broader breakout may be underway.

HBAR Maintains Bullish Momentum Above Key Support

HBAR is currently trading at $0.1976, supported by a sharp increase in trading volume—$866.16 million in the past 24 hours, up nearly 69%. Its market cap now stands at $8.37 billion, placing it firmly among mid-cap cryptocurrencies.

The token’s resilience above key support zones has investors eyeing higher targets. Over the last 24 hours, prices have stabilized, indicating that bullish momentum is intact and traders are holding strong positions. The ongoing accumulation trend further reflects market confidence.

Ascending Triangle Breakout Points to Mid-Term Rally

According to technical analysis by Solberg Invest, HBAR has formed an ascending triangle, a bullish chart pattern often associated with upward price continuation. After consolidating near $0.15, the token surged above the $0.19 resistance, reaching a local high near $0.21 before retracing slightly.

However, the price has since remained above the former resistance, turning it into support. Traders are now closely watching the $0.25 resistance level as a key trigger point for a potential breakout. A move above that level, especially on high volume, could propel HBAR into its next bullish phase.

$0.40 Price Target in Sight as Investors Watch Volume

Based on the triangle’s height and current trajectory, Solberg Invest places a mid-term target of $0.40 on HBAR. With a 164.83% return over the past year, the token shows strong upward potential—provided it can sustain the necessary trading volume and market interest.

Also Read: HBAR Climbs 27% as Hedera Partners with Australia’s Central Bank on Digital Asset Pilot

This technical outlook is further strengthened by rising demand and the presence of higher lows, both signs of persistent buyer pressure. For bulls, volume confirmation on any upward breakout will be critical to sustaining the rally.

If momentum continues and resistance at $0.25 is broken convincingly, HBAR could be set for a significant climb—making it one of the altcoins to watch 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.

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