- HBAR is showing signs of recovery, holding key support and testing resistance between $0.173 and $0.19.
- With institutional inflows and bullish developments like a potential ETF, a long-term price target of $2.25 is gaining credibility.
Hedera Hashgraph (HBAR) is flashing signs of a potential breakout as it clings to critical support levels despite a turbulent market backdrop. After shedding nearly 9% over the past week, HBAR’s resilience is drawing attention from traders and long-term investors alike.
Currently trading more than 70% below its all-time high of $0.5692, HBAR has endured a rocky ride. Still, its ability to hold key support levels suggests that a momentum shift may be in the works. According to technical analysts, the token is forming a descending wedge pattern—a classic setup for bullish reversals. The immediate test lies at the resistance range between $0.173 and $0.19. A decisive move above this level could set the stage for a sustained rally.
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That said, caution remains. Should bearish pressure resume, $0.128 stands as a vital support to watch. Until HBAR convincingly breaks out above its resistance zone, market sentiment will likely stay mixed in the near term.
But it’s the long game that has investors talking. Some analysts have set an ambitious price target of $2.25 for HBAR—a bold projection rooted in both technical analysis and strengthening fundamentals.
Fueling this optimism are several bullish developments. Whispers of a potential HBAR ETF and the recent approval of Hedera Coinbase futures have reinvigorated the community. Even more promising, over $40 million in new institutional inflows have entered the ecosystem in recent weeks—a clear signal that big players are taking notice.
Meanwhile, the broader crypto environment is turning a corner. Bitcoin is holding strong above $83,000, commanding a 61.44% market share, as sentiment in the U.S. continues to improve.
As crypto markets regain their footing, HBAR’s setup is becoming increasingly compelling. While the path ahead may still be volatile, the foundations for a major move are quietly being laid. For investors with an eye on long-term gains, Hedera might just be one to watch closely.
