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HBAR Adoption

HBAR Bulls Eye $0.40 as Price Rebounds from Local Bottom

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  • HBAR is showing bullish reversal signs, bouncing from $0.12761 and breaking above resistance at $0.20075.
  • After a breakdown in March, strong support at $0.12761 led to the current rebound.
  • The breakout above $0.20075 targets $0.25113, with potential for further gains to $0.32270 and $0.40087.
  • Support at $0.20075 is critical; failure to hold could bring the price back to $0.15038 and $0.12761.

Hedera (HBAR) is showing early signs of a bullish reversal after months of bearish price action. The cryptocurrency recently experienced a strong recovery, bouncing from a local bottom near $0.12761 and climbing above a key resistance level at $0.20075. This upward momentum signals renewed buyer interest as HBAR looks to reclaim higher ground.

HBAR 1D graph coinmarketcap 4
Source: CoinMarketcap

The 4-hour chart shows that HBAR previously formed a bearish flag pattern in early March, followed by a sharp breakdown that pushed the price below crucial support at $0.15038. This breakdown confirmed a bearish continuation and led the token to retest lower levels around $0.12761. However, this zone acted as a strong support base, from which HBAR started its current rebound.

HBAR Bulls Aim for $0.40 With Momentum Shift

The recent breakout above $0.20075 marks a significant shift in sentiment. HBAR is now targeting the next major resistance at $0.25113. A successful flip of this level could trigger a larger rally toward the $0.32270 mark, with an extended bullish target of $0.40087 if momentum continues. These levels represent important psychological zones that could determine the sustainability of HBAR’s recovery.

HBARUSD 2025 05 10 17 00 44
HBAR Bulls Eye $0.40 as Price Rebounds from Local Bottom 3

On the flip side, immediate support is now seen at $0.20075. If the bulls fail to hold this level, the price could revisit lower supports at $0.15038 and $0.12761. These areas will be crucial for maintaining the bullish structure and avoiding a deeper correction.

Technically, the 20-period VWMA (Volume-Weighted Moving Average) is beginning to curve upward, supporting the current bullish bias. While the long-term trend remains cautious, the short-term momentum has shifted in favor of the bulls.

HBAR traders should closely monitor the price action around the $0.25113 resistance. A clean breakout and consolidation above this level could confirm a trend reversal, attracting more volume and attention from investors.

Read More: MSTR’s Purchase of 555,000 BTCs Deflates the Annual Bitcoin Supply by 2.23%

TikTok Will Benefit from Hedera’s Ownership: Investor

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  • With Hedera, TikTok creators can now access their earnings in real time.
  • Hedera’s ecosystem could receive a significant boost from TikTok’s large user base, thus increasing utility and demand for its HBAR token.
  • Hedera’s decentralized storage system will allow users to have more control over their data, thereby limiting TikTok’s security risks.

A renowned personality and investor in the cryptocurrency space, Mark Chadwick, has revealed what the HBAR Foundation and Zoop Club will do regarding Hedera’s purchase of TikTok. Chadwick’s insights excite the crypto community because they present new ways for both content creators and Hedera investors to profit in the industry.

TikTok’s Creator Economy Transformation

The entrepreneur believes that the integration of the popular social media platform with Hedera is powered by blockchain-based revenue sharing for creators. Mark notes that this system enables real-time, transparent payouts, outperforming traditional monetization systems.

At the moment, content created on platforms such as TikTok is dependent on a centralized payout system, which can be delayed or lack transparency. The social media platform could use the Hedera blockchain to create a decentralized ecosystem, which would not only provide immediate and fair compensation processes for content creators but also improve user experience and create a much more sustainable ecosystem.

Moreover, Social media users have always been averse to privacy issues, as centralized platforms are often victims of data breaches and misuse. Fortunately, Hedera’s solution offers a route to secure data storage that enables creators to have more control over their personal information.

The integration will also allow for providing tokenized incentives, such as NFTs or rewards, that increase user engagement. If this social media platform implements tokenized assets, it can create a more engaging and rewarding experience for users and creators. 

A Surge in HBAR’s Adoption?

Mark points out that TikTok has millions of users and thus could greatly increase HBAR’s adoption, potentially raising the token’s worth. This collaboration also offers Hedera an opportunity to diversify the ways HBAR can be used, such as through TikTok advertising and e-commerce.

Additionally, Mark believes the collaboration will enhance Hedera’s position within the tech sector. Meanwhile, legislative scrutiny of TikTok in the US isn’t over, and the Hedera involvement might work in sync with regulatory goals, giving it some edge over other blockchain platforms in regions where compliance is vital.