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Hedera (HBAR) Price Breaks Trendline With Eyes on $0.30 Target

bravenewcoin.com

14 hour ago

Hedera (HBAR) Price Breaks Trendline With Eyes on $0.30 Target

The current HBAR price surge reflects not only a strong chart structure but also growing investor confidence supported by rising volume and higher lows. Analysts have identified key bullish patterns, projecting a continuation if the $0.17–$0.18 support zone holds. With a clear trend reversal underway, Hedera price could be poised for one of its strongest rallies in 2025. Hedera (HBAR) Price Breaks Trendline HBAR Price move occurred alongside a daily close above both the 50-day and 100-day exponential moving averages (EMAs), signaling renewed upward pressure. Trading near $0.175, HBAR is now positioned to build on this momentum as the asset begins to reclaim territory not seen since early 2024. The Hedera price breakout followed months of sideways trading within a compressed range. According to HexaTrades, the breakout coincides with a volume uptick and a clear rejection of the $0.13 to $0.15 accumulation zone. Analysts Identify $0.30 as a Technical Price Target Technical analyst ZAYK Charts outlined a breakout from a descending wedge pattern that formed over several months. The wedge, extending from February 2024 to July 2025, was breached to the upside, accompanied by a strong daily candle and noticeable volume increase. ZAYK Charts used the wedge’s height to project a potential move toward $0.30, estimating a 79% increase from the breakout level around $0.17. Source: ZAYKCharts, X The pattern formed higher lows while the price compressed toward the wedge apex. This tightening structure reflected market indecision that has now resolved with upward movement. Analysts are also monitoring for potential invalidation in the event of a drop back below the $0.17–$0.18 zone. HexaTrades also presented two projected paths for HBAR’s price development. One targets a gradual climb to $0.26–$0.30, while the more aggressive scenario looks toward the $0.50 range. Source: HexaTrades, X These targets are contingent upon HBAR price sustaining its breakout and maintaining daily closes above the former trendline. Continued strength in volume and trend structure will be key indicators for which path may unfold. HBAR Volume and Market Capitalization Expand HBAR Price recorded a 24-hour price gain of 7%, with its value rising to $0.17. Trading volume reached $292.23 million, contributing to a market capitalization of $7.30 billion. The token now ranks 23rd among all cryptocurrencies by market cap. This movement reflects organic buying pressure rather than short-term volatility, as confirmed by the even distribution of volume throughout the day. Source: BraveNewCoin Hedera price action between July 9 and 10 formed a series of higher lows and higher highs, reinforcing bullish momentum. The intraday peak approached $0.177 before a mild pullback toward support near $0.168. This area may serve as a short-term floor if the uptrend continues. Traders are also monitoring the $0.18 resistance level for confirmation of a broader upward expansion. Key Support and Resistance Levels in Focus The breakout has shifted the technical outlook for HBAR price, with former resistance levels now acting as support. The $0.17 zone, previously a ceiling, has become a key level for monitoring continuation. A successful retest of this area may confirm the breakout and set the stage for a move toward the $0.20 psychological level. Should HBAR Price achieve a daily close above $0.20, the next resistance range lies between $0.26 and $0.30. This zone aligns with historical levels last tested in early 2024. A break above that range would bring the more aggressive $0.50 target into view. Traders will be watching for volume confirmation and candle structure near each of these levels. Notably, the trend remains positive as long as HBAR Price holds above the $0.17 support. A drop below that level may signal weakening structure, but for now, volume strength and chart momentum appear aligned. Analysts continue to view the setup as technically favorable as long as trendline support remains intact.

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