Hedera HBAR Consolidates at $0.23 as Bullish Setup Holds Strong

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - Hedera (HBAR) is consolidating NEAR the $0.23 level, with analysts monitoring a potential breakout scenario if the token closes above $0.23797 on the hourly chart. Such a move could trigger upward momentum toward the $0.26–$0.28 range. The daily chart shows HBAR maintaining support above the critical 0.5 Fibonacci retracement level at $0.215, reinforcing bullish market sentiment. Despite a minor 3.38% intraday decline, HBAR has posted a 3.22% gain over the past week, indicating sustained investor interest. On-chain metrics and community sentiment remain positive, with traders closely watching the $0.229–$0.232 support zone. Maintaining this range could set the stage for the next significant rally. Market participation continues to show strength, with HBAR's 24-hour trading volume reaching $241 million and its market capitalization holding at $9.94 billion. Analysts emphasize that reclaiming the $0.237 level is crucial for preserving the current bullish momentum trajectory.