HBAR Bulls Charge Toward $0.40 as Crypto Shakes Off Recent Slump

Hedera’s native token bounces back from local lows—traders now betting on a 30% surge to reclaim key resistance.

Technical rebound or sustainable rally? HBAR’s volume spike suggests whales are accumulating, but let’s see how long the ’smart money’ narrative lasts before the next rug pull.

• HBAR is showing bullish reversal signs, bouncing from $0.12761 and breaking above resistance at $0.20075.
• After a breakdown in March, strong support at $0.12761 led to the current rebound.
• The breakout above $0.20075 targets $0.25113, with potential for further gains to $0.32270 and $0.40087.
• Support at $0.20075 is critical; failure to hold could bring the price back to $0.15038 and $0.12761.

Hedera (HBAR) is showing early signs of a bullish reversal after months of bearish price action. The cryptocurrency recently experienced a strong recovery, bouncing from a local bottom near $0.12761 and climbing above a key resistance level at $0.20075. This upward momentum signals renewed buyer interest as HBAR looks to reclaim higher ground.

The 4-hour chart shows that HBAR previously formed a bearish flag pattern in early March, followed by a sharp breakdown that pushed the price below crucial support at $0.15038. This breakdown confirmed a bearish continuation and led the token to retest lower levels around $0.12761. However, this zone acted as a strong support base, from which HBAR started its current rebound.

HBAR Bulls Aim for $0.40 With Momentum Shift

The recent breakout above $0.20075 marks a significant shift in sentiment. HBAR is now targeting the next major resistance at $0.25113. A successful flip of this level could trigger a larger rally toward the $0.32270 mark, with an extended bullish target of $0.40087 if momentum continues. These levels represent important psychological zones that could determine the sustainability of HBAR’s recovery.

On the flip side, immediate support is now seen at $0.20075. If the bulls fail to hold this level, the price could revisit lower supports at $0.15038 and $0.12761. These areas will be crucial for maintaining the bullish structure and avoiding a deeper correction.

Technically, the 20-period VWMA (Volume-Weighted Moving Average) is beginning to curve upward, supporting the current bullish bias. While the long-term trend remains cautious, the short-term momentum has shifted in favor of the bulls.

HBAR traders should closely monitor the price action around the $0.25113 resistance. A clean breakout and consolidation above this level could confirm a trend reversal, attracting more volume and attention from investors.

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