Hedera HBAR Maintains Bullish Momentum Above Key Support Levels
Hedera's HBAR is trading at $0.24 despite a 2.3% daily decline, holding firmly above all major moving averages. The MACD histogram at 0.0023 signals underlying bullish momentum even as the market consolidates.
Technical factors dominate price action in the absence of major news catalysts. The $0.24 level now serves as crucial support, with resistance looming at $0.25. Hedera's position well above its 52-week low of $0.13 reflects sustained investor confidence throughout 2025's rally.
Market structure presents mixed signals—while the 200-day MA provides strong foundation, recent weakness suggests traders await fresh catalysts. The convergence of moving averages at current levels indicates a potential inflection point for HBAR's next directional move.
