Hedera HBAR Nears Critical Breakout as Technicals Flash Bullish Signals

Hedera's HBAR token is showing strong signs of a bullish reversal following a successful test of key Fibonacci support levels. The digital asset recently found footing at the 100% extension level of $0.23459, with additional support established between $0.22460 and $0.22052 forming a solid foundation for potential upward movement.

Technical indicators are turning positive, with a golden cross formation appearing on the 1-hour chart, reinforcing short-term bullish sentiment. HBAR is now approaching a crucial descending trendline resistance NEAR $0.254—a decisive breakout above this level could trigger a rally toward the $0.28-$0.30 price range.

The wave pattern analysis suggests completion of a corrective phase, with five distinct short-term waves forming from recent lows. Traders are watching for confirmation of sustained price action above the $0.250 level as the next potential catalyst for continued upward momentum.