HBAR Price: Bulls Eye $0.28 as Resistance Crumbles?

HBAR price is surging, fueled by Grayscale's fund inclusion and strong technical indicators. Can the bulls break through critical resistance levels and reach new heights?

HBAR Price: Bulls Eye $0.28 as Resistance Crumbles?

HBAR is making waves, folks! After Grayscale added it to their Smart Contract Platform Fund, the price has been on a tear. But can the bulls keep the momentum going and smash through key resistance levels?

Grayscale Effect: Institutional Interest Ignites HBAR

The big news is Grayscale's Q3 2025 rebalance, which saw HBAR included in their Smart Contract Platform Fund. This move has signaled serious institutional interest, propelling HBAR above $0.17. Now, it holds approximately 5.8% weight in the fund. Not too shabby!

Technical Analysis: Double Bottom and $0.28 Target

Looking at the charts, a classic double-bottom reversal pattern has emerged, with lows around $0.13. If HBAR can decisively close above $0.18, the technical projection points to a juicy $0.28 target, coinciding with a previous rejection in March. That's a potential 60% breakout, baby!

Resistance at $0.18: The Battleground

However, it's not all smooth sailing. The $0.18 level is proving to be a tough nut to crack. The RSI reading of 62.04 suggests HBAR might be getting a little overheated. Failure to break $0.18 could lead to consolidation back to the $0.15 level, where the EMA and Bollinger mid-band offer strong support.

On-Chain Metrics: Bulls Gaining Confidence

On-chain metrics paint a bullish picture. Hedera futures open interest has surged, indicating more funds are flowing into positions. Volume is also up, suggesting healthy market liquidity. This combination of rising volume and open interest, supported by price increases, typically signals a sustainable rally.

Liquidation Heatmap: $0.17-$0.1779 Area in Focus

The Binance HBAR/USDT liquidation heatmap reveals concentrated liquidation spots above $0.165, particularly around the $0.170–$0.1779 area. These zones tend to attract price action, as stop-losses and liquidations can trigger short squeezes and fuel further buying. Keep an eye on these levels!

Solaxy: A Solana Layer 2 Drawing Attention

Interestingly, with HBAR's surge, investors are also eyeing early-stage opportunities like Solaxy, Solana's first Layer 2 solution. Solaxy blends meme appeal with real Layer 2 infrastructure, attracting both retail and corporate traders. A little something to keep on your radar.

The Bottom Line: Can the Bulls Maintain Momentum?

HBAR's recent breakout reflects growing confidence in the network. With bullish technical indicators, rising open interest and volume, and clear liquidation pressure on shorts, Hedera appears well-positioned to reach the next significant resistance range of $0.175–$0.1779. However, the overbought RSI suggests potential near-term volatility. So buckle up, HBAR fans, it could be a wild ride!

Disclaimer: This is not financial advice. Do your own research before investing in cryptocurrency.