Hedera Hashgraph’s native token HBAR gained 5.25% on Friday, joining a broader surge across major cryptocurrencies as Bitcoin climbed close to $80,000. Ether moved near $2,400 and XRP led the market, posting an 18.9% daily increase.
HBAR breaks consolidation as double-bottom pattern forms
HBAR ended a prolonged period of price consolidation, advancing from $0.072 to $0.076. Analyst Gopal identified a double-bottom formation on the daily chart, citing $0.07 as a crucial support level supporting the recent recovery.
In a long-term scenario, Gopal set a potential breakout target as high as $0.40 for HBAR if critical resistance levels are cleared. For bullish confirmation, market participants are eyeing the $0.21–$0.22 range as a key neckline. Reaching this zone is seen as a step toward a potential 300% move that would return HBAR to levels last seen during the late 2025 rally.
Gopal suggested that confirmation of such a large upward move would require not only breaking past the neckline but also a broader trend reversal, indicating investor caution despite Friday’s jump.
Parabolic SAR and SuperTrend signal points to watch
The research team from DailyCoin analyzed HBAR’s technical indicators and reported a notable shift in the Parabolic Stop and Reverse (SAR) metric. Typically, when the SAR appears as blue dots above the price, it signals a potential selloff. In HBAR’s current setup, the SAR switched below the price during the previous session—a shift considered a technical ‘buy’ signal.
Trading attention now turns to the SuperTrend indicator, which positions the next resistance level at $0.092. A move above this green line would be closely watched by traders seeking a bullish confirmation. The Chaikin Money Flow (CMF) also showed positive momentum on shorter timeframes, although the daily outlook remains cautious.
A double-bottom formation has been identified on HBAR’s daily chart with $0.07 as its primary support, while investors are closely monitoring the $0.21–$0.22 neckline for confirmation of a potential rally up to $0.40—contingent on a strong trend reversal.
HBAR trading volumes lag major competitors
Despite the price increase, HBAR’s spot trading volumes remained under $150 million on Friday. Compared to other assets of similar market capitalization, such as Shiba Inu and Avalanche (AVAX), Hedera’s activity was markedly lower.
Technical analysts suggest market participants should rely on rational frameworks rather than short-term market excitement when assessing price trajectories. In volatile crypto markets, a single announcement from the Federal Reserve or a new altcoin listing can instantly shift trends, making timely market data and decision-making tools increasingly important.
In these rapidly changing conditions, some traders have started using privacy-focused tools like CryptoAppsy to simplify their daily management. Bringing together real-time charts, portfolio tracking, coin-specific news, and macroeconomic data without requiring an account, these tools aim to help investors act on accurate information without delays or distractions from switching between different apps.
