HBAR has recently shown a significant shift in its price action. After a prolonged period of decline, Hedera has successfully broken above its descending trendline, a technical indicator that often suggests a change in market momentum.
Currently trading in the $0.13–$0.14 range, the HBAR price is prompting speculation among traders about the potential for a broader recovery. The current chart pattern suggests an upward trajectory, a welcome change from its previous slow downward trend.
HBAR Breaks Free From Downtrend
Analyst Aman was one of the first to highlight this breakout, noting that HBAR has now surpassed the trendline that had been suppressing its price throughout November. The analyst shared a 4-hour chart illustrating the HBAR price rejecting lower levels and initiating a steady climb.
Describing the move as HBAR "breaking free," the sentiment is that momentum has shifted, seller pressure has diminished, and buyer interest has been reignited. While this is not yet a definitive confirmation of a full trend reversal, it represents a highly promising development.
Return to a Historically Strong Price Zone
Crypto trader LSTRADER further bolstered the optimistic outlook by pointing out that the HBAR price has re-entered a price zone that previously facilitated a rally exceeding 140%. This support area, situated approximately between $0.12 and $0.14, has demonstrated its effectiveness in the past.
The HBAR price revisiting, holding, and subsequently breaking upward from this zone naturally attracts attention. Traders who benefited from the previous surge are closely observing to see if a similar pattern will unfold.
According to LSTRADER, this region presents a strong risk-to-reward opportunity that warrants close monitoring. Historical data from the chart indicates that every interaction with this zone has led to increased buying activity.
Potential Upside Targets for Hedera
Assuming continued momentum and sustained buyer activity, the initial upside target for HBAR is projected to be around $0.18. Beyond this level, the next significant resistance is anticipated near $0.38, which previously capped the substantial 140% surge.
This projection does not imply an immediate price leap to these levels, but it illustrates the considerable upward potential if market sentiment shifts decisively to bullish. A period of consolidation or a retest of the breakout level would be a healthy development before any major upward movement.
The crucial factor moving forward will be the HBAR price's ability to remain above the newly broken trendline.
Key Indicators to Monitor
The bullish case for HBAR would be further supported by observing higher lows, increasing trading volume, and consistent stability above the $0.13 mark. Conversely, if the HBAR price falls back below the trendline, the current upward momentum could rapidly dissipate.
As of now, HBAR is positioned in an area that traders find favorable, having reclaimed support, broken key structures, and tested a historically strong launching point. If past performance is indicative of future results, Hedera may be on the cusp of a more significant upward movement.