2025-4-23 23:30 |
Over the past few weeks, HBAR price has been quietly building strength — and now it’s showing signs of a real breakout. A long-standing downtrend line, drawn from January highs around $0.40, has finally been tested again, and this time, the HBAR price appears to be pushing through it.
According to crypto analyst Jesse Olson, a “pending buy signal” has been spotted on the HBAR daily chart, suggesting traders are on high alert.
This potential trend reversal is supported by multiple technical indicators. The Parabolic SAR, which helps identify the direction of an asset’s movement, has flipped bullish. Green dots now appear under the daily candles, signaling momentum could be shifting in favor of the bulls.
At the time of writing, the Hedera price sits near $0.176 — right around the trendline. A strong close above it, backed by volume, could confirm a breakout.
Hedera Price Outlook: Technical Targets and SupportIf this breakout is the real deal, Jesse Olson’s comment about “targets being set” seems to align perfectly with key resistance zones visible on the chart. The first zone sits between $0.20 and $0.22, just above the breakout point — a typical place for price to pause or consolidate.
From there, the next resistance zone lies between $0.24 and $0.25, which lines up with a previous trading range from March. Finally, if momentum carries forward, the HBAR price could revisit the $0.28–$0.30 region — a level not seen since February.
Related Article: Hedera Beats XRP in Key Metric as HBAR Price Eyes Upswing
Of course, every bullish move needs a safety net. In this case, key support is around $0.16. If Hedera’s price falls back below the trendline and closes under $0.165–$0.160, the breakout would likely be invalidated, and the asset could slide back into its prior range.
All eyes are now on the next couple of daily closes. If price holds and pushes higher, that “pending buy” could become a full-fledged signal — potentially kicking off a much larger rally for HBAR.
Why HBAR Might Be a Standout in This Crypto CycleWhile charts can show us the price story, the fundamentals behind HBAR and the Hedera network are equally impressive. A post from another crypto commentator, CryptoXman, called HBAR one of the top tokens to watch this cycle. And he has a point.
HBAR is not just fast — it’s enterprise-grade fast. Hedera’s hashgraph technology allows the network to process over 10,000 transactions per second. Even better, these transactions cost fractions of a cent. That speed and affordability make Hedera ideal for both large-scale enterprises and everyday users.
Read Also: Onyxcoin (XCN) to $1 in 2025? Here’s What Needs to Happen
But it’s not just about performance — it’s about trust. Hedera is governed by a council of massive global companies, including Google, IBM, Dell, and Boeing. These aren’t just names on a website. These are active participants who help shape the future of the network and build real-world applications on top of it.
Speaking of applications, Hedera is already proving its worth beyond crypto speculation. It’s being used to track global supply chains and manage digital identities. For instance, Avery Dennison, a global packaging giant, uses Hedera to track product movement in real-time. These are not “maybe someday” use cases — they’re happening now.
And finally, the Hedera ecosystem is growing fast. A wave of apps, tools, and smart contracts is being built on the network. As adoption increases, so does the need for HBAR tokens — both for transactions and staking. This rising demand could be a key driver of the next price surge.
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The post HBAR Just Broke Out — Here’s Why Hedera Might Lead the Next Crypto Rally appeared first on CaptainAltcoin.
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