Hedera (HBAR) Shows Bullish Potential as MACD Signals Breakout Amid Strong Support

Hedera’s HBAR is displaying notable market resilience, maintaining its position above the crucial support range of $0.18 to $0.197. This level has triggered substantial buying activity as investors eye potential upward movement.

The daily chart indicates a breakout from a descending channel pattern, a technical formation that typically precedes shifts in momentum. Past behavior suggests HBAR could surge without revisiting the breakout area, reflecting its characteristic swift price action.

Market focus now shifts to the $0.206-$0.223 resistance zone, which has previously limited advances. A convincing breakthrough could indicate further upside, especially with the 5-day MACD showing a bullish crossover—a key technical indicator used by traders to spot trend reversals.