HBAR Shows Signs of Reaccumulation: Will it Break $0.37 Soon?

HBAR's consolidation phase sparks trader speculation as technical patterns suggest potential breakout momentum.

Technical Indicators Flash Green

The cryptocurrency's chart shows classic reaccumulation signals—tightening price ranges coupled with steady volume. Market watchers note the $0.37 resistance level represents a critical psychological barrier that could trigger significant movement upon breach.

Market Sentiment Shifts

Traders are positioning for volatility as HBAR tests key support levels. The current pattern mirrors previous accumulation phases that preceded rapid price appreciation. Meanwhile, traditional finance analysts continue dismissing crypto movements as 'random noise'—despite consistently missing every major digital asset trend.

Breaking Point Approaches

All eyes remain fixed on whether HBAR can muster the volume needed to crack the $0.37 ceiling. A successful breach could open path to higher resistance levels, while failure might see retracement to recent support zones. The market's patience gets tested as accumulation phases rarely reward impatient traders.

• HBAR falls by 0.06% to $0.2236, trading volume is down 25.41%, signaling reduced market activity.
• Price declines 6.18% over the past week, continuing a downward trend amid ongoing market challenges.
• A bullish flag pattern suggests a potential breakout, with analysts projecting a price target of $0.37.

Hedera (HBAR) is currently trading at $0.2236, and it has marginally fallen by 0.06 percent in the last 24 hours. Trading volume has declined 25.41% and is currently standing at $233.28 million, indicating lower activity in the market. The HBAR price has fallen by 6.18% in the last week. This is a consecutive decreasing tendency of the coin. The recent performance shows that HBAR is facing difficulties in the market.

Source: CoinMarketCap

HBAR Shows Signs of Reaccumulation, Potential for Bullish Breakout

Crypto analyst CryptoPulse highlighted that HBAR might be in reaccumulation, a pattern that precedes a price breakout. The coin is also showing the bullish flag, which is often followed by the consolidations and then an upward trend. The decline in trading volume supports this theory, suggesting a potential price hike in the market.

Hedera has been restricted to a flag channel for several weeks, and it is likely to continue within this band until the end of September. It is estimated that analysts are expecting an even lower fall of the coin to approximately $0.19 before the start of a fundamental incline. However, upon striking the flag, it may begin to ascend rapidly. Analysts project a breakout price target of $0.37.

Source: X

RSI and MACD Indicate Neutral to Bearish Momentum for HBAR

The Relative Strength Index (RSI) stands at 42.81, which reflects a neutral to slightly bearish trend. The RSI has shifted downwards, indicating a decline in upward movement. The Moving Average Convergence Divergence (MACD) shows a value of -0.00167, accompanied by a signal line of -0.00019, suggesting a short-term downward trend. The MACD histogram indicates that values are negative, which also proves the existence of decreasing market sentiment towards HBAR.

Source: TradingView

HBAR Sees Drop in Open Interest and Trading Volume

According to CoinGlass data, the open interest in Hedera has decreased, falling by 4.33%, reaching a current level of $364.69 million. The trading volume has declined by 20.81% to $324.71 million. The decrease can be linked to a reduction in investment from investors in the token. The OI-Weighted Funding Rate stands at 0.0095%, indicating a cautious market sentiment.

Source: CoinGlass

HBAR has the current consolidation and decreasing volume, yet it remains possible to see a jump in the future. The coin could experience a significant price surge if it breaks free from its current flag channel. Investors are monitoring keenly and awaiting action that indicates that HBAR is about to make its next big move. The future remains uncertain; however, growth is evident if the market pivots towards HBAR.