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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.

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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%

HBAR Price Faces Crucial Breakdown Risk, Will $0.15 Hold?

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  • HBAR continues to face selling pressure, dropping from $0.19 to below $0.175.
  • A bearish flag breakdown signaled deeper downside risk.
  • The token is hovering near key support at $0.175 with low trading volume.
  • A break below $0.1503 could open the path to the $0.1276 support level.

Hedera (HBAR) has been under sustained selling pressure, slipping from around 0.19 to below 0.175. After a sharp sell-off, the token made a brief attempt to recover but struggled to break resistance near 0.185. Continued downward momentum has kept the market in a bearish pattern, with lower highs and lows reinforcing the negative sentiment.

HBAR 7D graph coinmarketcap 1
Source: CoinMarketcap

HBAR is now hovering around a key support zone near 0.175, with trading volume remaining relatively subdued. Without a strong push from buyers, the risk of further downside remains, and traders are watching closely for a clear signal of either a reversal or a deeper drop.

HBAR Breakdown Looms If $0.1503 Support Fails

Hedera (HBAR) is facing renewed market scrutiny after its recent performance, as seen in the 4-hour chart. The asset is trading at around $0.1747 at the time of writing, reflecting modest gains of +0.96% on the day. However, the broader technical picture reveals significant bearish undertones. Earlier in the year, HBAR staged a sharp rally, peaking near $0.40, but the momentum proved unsustainable, triggering a prolonged downtrend.

A notable formation is the bearish flag pattern that emerged. The price formed a steep flagpole followed by a consolidative flag, ultimately leading to a breakdown that pushed HBAR to new lows near the $0.1276 support zone. The breakdown from this pattern confirmed bearish dominance, as the price struggled to regain footing despite brief recovery attempts.

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HBAR Price Faces Crucial Breakdown Risk, Will $0.15 Hold? 6

Currently, HBAR remains capped below key resistance levels, with $0.2007 acting as a critical hurdle. If the bulls reclaim this level, there may be room to retest the $0.25 region. On the downside, the $0.1503 and $0.1276 supports are pivotal, any decisive breach could open the door to deeper losses.

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