Hbar Stands at Significant Support Level: Potential Bullish Reversal Might Lead to 42% Upsurge
Hedera Token's HBAR Shows Signs of Recovery as Critical Support Levels Hold
The Hedera token (HBAR) has been under pressure recently, with its price trending downward, approaching oversold conditions on lower timeframes. However, the current support level, a confluence of the 0.618 Fibonacci retracement and VWAP, may offer a foundation for a potential reversal. If bought by bulls, a sharp bounce toward the $0.265 resistance level is likely in the coming days.
Despite the ongoing correction, HBAR remains within a bullish trend, characterized by the continuation of a sequence of higher highs and higher lows. The current pullback may merely be forming another higher low, reinforcing the overall bullish structure.
Lower timeframes indicate oversold conditions, suggesting an exhaustion of selling pressure. If this support zone holds, a 42% rally toward the daily resistance appears probable.
Key Technical Indicators
The 0.618 Fibonacci retracement and VWAP support alignment provides a compelling technical base for a potential bullish continuation. This confluence represents a significant level in trending markets and is closely monitored by institutional traders.
Additionally, the current price action forms a textbook setup: price drips into support, momentum weakens, and the next move depends on volume. An influx of buyers could swiftly reverse momentum and initiate a rotation toward the $0.265 resistance.
The Market Outlook
Recent technical analysis points to a well-defined breakout from a long-standing downtrend, supported by steady volume and multiple "Buy" signals on the HBAR/USDT daily chart. The $0.20 level, previously a resistance barrier, has now become a critical support zone—a strong indication of a trend reversal.
Key bullish confluences include:
- A technical breakout: HBAR has breached a multi-month downtrend line, with momentum indicators like the Parabolic SAR reinforcing the bullish setup.
- Support/Resistance Flip: The $0.20 level now serves as support, bolstering the potential for upward price action and acting as a key accumulation zone.
- Target Levels: Analysts predict near-term resistance around $0.25, $0.28, and $0.30, with some suggesting current prices represent a favorable entry point for accumulation strategies.
- Fundamentals and Sentiment: Strong network fundamentals and growing social optimism lead analysts to set ambitious price targets, with some suggesting HBAR could reach $1.00 by Q3 2025 (though this would require a substantial rally from current levels).
- Short to Medium-Term Projections: Most forecasts for 2025 suggest HBAR will trade between $0.20 and $0.26, with some models indicating a potential move toward $0.40 if bullish momentum sustains.
The Road Ahead
As long as HBAR remains above the critical confluence zone, a rally toward $0.265 remains the most likely outcome. A confirmed reaction with increasing volume would signal a strong bullish reversal and the continuation of the prevailing trend.
Although many analytical models suggest a trading range between $0.20 and $0.26 for 2025, some analysts and market commentators are targeting higher levels. In an optimistic scenario, HBAR could reach $1.00 should bullish momentum persist.
[1] Source: Various cryptocurrency analysis outlets[2] Source: CoinStats/Cryptopolitan[3] Source: Changelly[4] Source: Analyst Optimistic Targets[5] Source: Additional market commentators and analysts.
- The potential bounce of Hedera token (HBAR) could be significant, possibly surging by 42% if the current support level maintains, given the alignment of the 0.618 Fibonacci retracement and VWAP.
- The ongoing correction in HBAR price might be forming another higher low, enhancing the overall bullish structure, as the token continues to exhibit a sequence of higher highs and higher lows.
- In the cryptocurrency market, institutional traders closely monitor confluences like the 0.618 Fibonacci retracement and VWAP support alignment, as they often provide a technical base for potential bullish continuation in trending markets.
- Optimistic market analysts have suggested that HBAR could reach $1.00 by Q3 2025, given the strong network fundamentals and growing social optimism, but this ambitious target would require a substantial rally from current levels.
