Hedera’s HBAR token has recently drawn the attention of analysts, thanks to clear upward moves on its price charts. Activity in the weekly time frame suggests that HBAR is attempting to break out from a long-standing downtrend. Analyst CRYPFLOW points to what he describes as a “double breakout” signal, visible in both price structure and the RSI indicator, indicating that HBAR may be in the process of ending months of price consolidation.
Technical indicators show signs of reversal
According to CRYPFLOW, HBAR’s weekly chart is now exhibiting a three-phase structure commonly seen at the culmination of major market cycles. These phases include consolidation within a downward trend, a breakout in price action, and finally, the expansion of bullish candles. The analyst underlines the importance of the latest price movement’s simultaneous rise in both price and momentum; historically, breakouts on higher time frames backed by strong momentum indicators tend to be longer lasting.
CRYPFLOW adds that there could be a potential short-term negative crossover in the stochastic RSI, which might slow down the bullish momentum. However, he stresses that this development would not invalidate the overall uptrend and should simply be interpreted as a period of short-term consolidation within a broader bullish structure.
CRYPFLOW commented that “simultaneous changes in price and momentum are crucial for investors taking positions in higher time frames.”
HBAR trades near $0.10
Market data shows that, at the time of writing, Hedera was trading at $0.09678. In the past 24 hours, the price ranged from a low of $0.09231 to a high of $0.09944. HBAR’s total market capitalization is $4.20 billion, with a daily trading volume reaching $116.87 million. The circulating supply stands at 43.37 billion tokens, placing HBAR at 37th among major platforms by market cap. According to CryptoAppsy, HBAR’s current price remains at $0.09678.
HBAR’s prevailing price is still substantially below its all-time high of $0.57, set on September 15, 2021. At the current level, the token is 82.98% beneath that record. Recent price movement indicates that buyers are trying to establish a firm base in the $0.09 region. If HBAR breaks above $0.10 in the coming days, the reversal pattern visible on the weekly chart could attract broader investor interest.
Short-term movements and analyst perspectives
An analyst using the pseudonym Scient notes that HBAR’s short-term outlook has improved as the token surpassed a key control level. According to Scient, HBAR has broken out from the upper boundary of a recent mini-range, breaking free from a period of horizontal price action. The chart also highlights a bullish target box, with focus now on possible reactions as the token retests the upper limits of this trading range.
This view complements CRYPFLOW’s broader long-term analysis. While expectations remain high for expansion at the macro level, the short-term breakout appears to be supporting the initial phase of the new uptrend. Both analysts agree that current signs are promising, but confirmation through sustained moves is still needed.
In a broader context, analyst ALLINCRYPTO has drawn attention to ongoing debates about stablecoin standards in the crypto market. Alongside Hedera, tokens like LINK, XRP, and QNT have factored into discussions related to the Bank of England’s assessments. However, with respect to HBAR, the immediate focus remains on whether the upward momentum signaled by technical indicators will prove sustainable in the weeks ahead.
