HBAR Bulls Eye Breakout Amid Strong Momentum and Liquidity Support
Hedera Hashgraph (HBAR) has been on a steady climb, with recent price action pushing it higher above key short-term moving averages.
As momentum builds, traders are watching closely for a potential breakout through significant resistance levels, especially around the $0.30 zone.
Backed by favorable technical indicators and substantial buy-side liquidity, HBAR is setting the stage for a possible bullish continuation—though short-term corrections remain a risk.
HBAR Momentum Builds as RSI Stays Elevated
The Relative Strength Index (RSI) has been trending higher and now hovers just under overbought territory, indicating strong bullish momentum without being overly extended.
Daily chart for WHBAR/USD (Source GeckoTerminal)
That suggests that the recent price gains are backed by legitimate buying interest, rather than short-term hype. If the RSI begins to flatten or dip, it could signal the start of consolidation or a mild retracement, but for now, it’s a positive sign for bulls.
MACD Flashes Continuation Signal
The MACD histogram has moved back into positive territory after a brief slowdown, signaling a renewed uptick in buying strength. While the gap between the MACD line and signal line remains modest, the trajectory suggests buyers are gradually regaining control. As long as this momentum continues, the bullish bias remains intact.
HBAR’s price is now trading comfortably above both the 9-day and 20-day exponential moving averages as well, a classic bullish structure. The short-term EMA has also crossed above the longer-term EMA, often viewed as a sign of sustained upward pressure. This alignment typically draws momentum traders who follow trend continuation strategies.
Key Levels: Resistance and Support
Immediate resistance lies just above the current trading range, with $0.28877 acting as a pivotal ask wall. Should bulls clear this level, HBAR could see a quick 1.12% move higher, opening the door to test the psychological $0.30 barrier, reinforced by ask walls at $0.29990 and $0.30000.
Surpassing that cluster could trigger a surge toward the next resistance at $0.31361, with further upside potential to $0.32880 and even $0.36746 if momentum intensifies.
On the downside, HBAR is well-supported by a series of strong bid walls. The most notable sits at $0.28277, protecting against a nearly 1% price drop if it holds. Additional support near $0.28434 and $0.28379 provides a layered defense that could absorb short-term selling pressure.
Below those levels, structural support at $0.28012 and $0.26900 could attract dip buyers if the market weakens.
Trade Setups: Long and Short Scenarios
For bullish traders, a confirmed breakout above $0.28877 with strong volume could offer a long entry opportunity, with a short-term target near $0.31361. A more aggressive play would aim for $0.32880 or $0.36746, contingent on broader market strength. Stop-losses may be considered below $0.28012 to protect against unexpected reversals.
On the short side, traders might eye rejection at the $0.30 region or a breakdown below $0.28012 as a potential trigger. If the bid walls give way, there’s room for a pullback toward $0.26900. However, given the current bullish momentum and liquidity support, short positions carry higher risk unless there is clear breakdown confirmation.
Conclusion
HBAR is exhibiting a strong technical setup for further upside, supported by bullish indicators, rising moving averages, and thick buy-side liquidity. While resistance looms overhead, especially near the $0.30 zone, the momentum favors the bulls for now. That said, traders should remain cautious and watch for confirmation before entering either long or short positions.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
