HBAR Price Jumps 3.14% to $0.23 as Bulls Eye Major September Breakout

Hedera's native token just punched through resistance with a solid 3.14% surge—traders are betting this is just the warm-up for September's main event.

Breaking Down the Momentum

That push to $0.23 isn't random—it's fueled by accumulating bullish pressure and a market hungry for altcoin rallies. No fancy jargon, just straightforward momentum building.

What’s Next for HBAR?

If the bulls hold their ground, we could be looking at a decisive breakout this month. Then again, in crypto, today’s rally can be tomorrow’s 'rug pull'—because when has traditional finance ever been this entertaining?

Quick Take

• HBAR currently trading at $0.23 (+3.14% in 24h) • Hedera's RSI sits in neutral territory at 50.77, suggesting balanced momentum • Recent analyst predictions target $0.35-$0.85 breakout despite last week's 4% decline

What's Driving Hedera Price Today?

The HBAR price has rebounded with a solid 3.14% gain today, recovering from recent selling pressure that hit the token on September 4th. This recovery comes as multiple analyst reports from the past week have painted an increasingly bullish picture for Hedera's September prospects.

The most recent catalyst driving Optimism around HBAR price comes from technical analysis suggesting the token is targeting $0.35 by late September. Analysts point to oversold conditions that emerged after the 4% decline from $0.22 to $0.21 earlier this week, creating what many view as an attractive entry point for bulls.

Despite the positive momentum today, traders remain cautious following the technical breakdown that triggered heavy selling on September 4th. The selling pressure was attributed to profit-taking activities and broader cryptocurrency market weakness, which temporarily overshadowed the bullish predictions that had emerged just days earlier.

HBAR Technical Analysis: Mixed Signals Point to Consolidation

Hedera technical analysis reveals a cryptocurrency in transition, with several key indicators providing mixed but increasingly constructive signals. The most notable development is Hedera's RSI reading of 50.77, placing the token squarely in neutral territory after recovering from oversold conditions.

The HBAR RSI positioning suggests that selling pressure has subsided, creating room for potential upward movement without immediately triggering overbought conditions. This neutral RSI reading aligns with the recent price recovery and supports analyst predictions for further gains.

Hedera's moving averages paint a picture of consolidation, with the current HBAR price of $0.23 sitting precisely at the 20-day EMA and SMA levels. The token trades above its 200-day SMA of $0.20, indicating the longer-term trend remains intact despite recent volatility.

The MACD indicator shows early signs of bullish momentum, with the histogram turning positive at 0.0011. While the MACD line remains below the signal line at -0.0051 versus -0.0062, the narrowing gap suggests momentum may be shifting in favor of buyers.

Hedera Price Levels: Key Support and Resistance

Based on Binance spot market data, Hedera support levels are clearly defined with immediate support at $0.21 and strong support holding at the same level. This confluence creates a critical floor for the HBAR price, with any break below potentially opening the door to further downside.

On the upside, HBAR resistance appears at $0.26, representing the immediate hurdle that bulls must overcome to validate the bullish predictions circulating among analysts. A successful break above this level could trigger the rally toward $0.35 that multiple technical analysts have identified as a September target.

The Bollinger Bands provide additional context, with HBAR currently trading NEAR the middle band at $0.23. The upper band sits at $0.25, while the lower band provides support at $0.20. The %B position of 0.5504 indicates the token is slightly above the midpoint, suggesting room for movement in either direction.

Trading volume on the HBAR/USDT pair reached $28.7 million in the past 24 hours, indicating healthy interest despite the recent volatility. This volume level suggests sufficient liquidity for traders looking to capitalize on potential breakouts or breakdowns.

Should You Buy HBAR Now? Risk-Reward Analysis

For swing traders, the current HBAR price level presents an interesting risk-reward setup. With strong support at $0.21 just 8.7% below current levels and immediate resistance at $0.26 offering 13% upside potential, the near-term risk-reward ratio favors buyers willing to use tight stop-losses.

Day traders should focus on the $0.24 level, which represents the recent 24-hour high and a key short-term resistance level. A break above this point could signal momentum toward the $0.26 resistance target, while failure to reclaim it might suggest further consolidation.

Long-term investors may find the current environment attractive given analyst predictions targeting the $0.35-$0.85 range. However, the recent technical breakdown serves as a reminder that HBAR remains susceptible to broader market movements and profit-taking activities.

Risk management remains crucial, with stops below $0.21 advisable for most trading strategies. The Average True Range of $0.01 indicates moderate volatility, suggesting position sizing should account for potential daily swings of 4-5%.

Conclusion

The HBAR price recovery to $0.23 represents a positive development following last week's selling pressure, with technical indicators gradually improving and analyst sentiment remaining constructive for September. The neutral RSI reading and positive MACD histogram suggest momentum may be building for the predicted MOVE toward $0.35, though traders should remain cautious of the $0.26 resistance level that has emerged as the key near-term hurdle.

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