HBAR surged 50% in seven days, reaching $0.25 as trading volume exploded to over $2 billion.
Indicators remain bullish, with price trading above the Ichimoku Cloud and ADX hitting 55.51.
Short-term targets include $0.30, while a more bullish scenario could see it move toward $0.40
HBAR, the native coin of the Hedera blockchain, posted over $2 billion in trading volume earlier today. This spike in volume follows a 50% price rally over the past seven days.
At press time, HBAR is trading around $0.24, a level it last touched back in January. The surge reflects growing demand, as capital rotates across the digital asset market.
With sentiment heating up and volume surging, the question is: What’s next for HBAR? This analysis examines the technical indicators and on-chain data that could hint at its short-term potential.
HBAR Buyers Flood the Market
On June 25, HBAR’s price reached a yearly low of $0.13. But today, that has changed as the altcoin has rallied above key resistance points to hit $0.25.
From CCN’s findings, HBAR was able to reach this level due to the increase in trading volume. Last week, the cryptocurrency’s trading volume was less than $150 million.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
During the early trading hours today, it surpassed $2 billion before a slight retracement to $1.88 billion. The last time the volume around HBAR was this high was also in January.
From a trading point of view, the rising volume alongside price could offer strength to the uptrend. Therefore, if this trend continues, then HBAR’s price might break above $0.30 soon.
Further supporting the bullish outlook, CCN’s review of HBAR’s 4-hour chart shows that the altcoin has risen decisively above the Ichimoku Cloud.
Typically, when the cloud sits below the price, it acts as a support zone, reinforcing bullish momentum. This positioning suggests that HBAR has a solid technical base to continue trading higher in the short term.
Adding to the positive signals, the Directional Movement Index (DMI) is flashing a strong trend. The +DMI (blue) is well above the -DMI (orange), indicating that buyers are clearly in control.
Moreover, the Average Directional Index (ADX) — which measures trend strength—has surged to 55.51, confirming that the upward directional move is underway.
HBAR Price Analysis: Resistance Fades
Looking ahead, HBAR’s short-term outlook remains bullish, supported by continued strength on the daily chart. The Relative Strength Index (RSI) has consistently printed higher readings, signaling sustained upward momentum.
Complementing this, the Bull Bear Power (BBP) indicator has flipped firmly into positive territory, suggesting that bulls are in control while bears struggle to regain traction. HBAR’s price could surpass the immediate resistance at $0.26 if this momentum holds.
Such a breakout may pave the way for a run toward $0.32, a level not seen since earlier this year. In the event of highly bullish market conditions, HBAR could even aim for a rally toward $0.40.
However, risks remain. Should overbought signals emerge and selling pressure increase — particularly if momentum indicators reverse — HBAR’s price could retrace to support levels around $0.18, potentially invalidating the bullish structure in the short term
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
