HBAR Shows Strong Upward Momentum as It Moves in Sync with the Broader Cryptocurrency Market

Hedera Hashgraph (HBAR) is showing strong upward momentum as it moves in sync with the broader cryptocurrency market. Currently trading at $0.1694, the token has registered a 3.3% gain

Hedera Hashgraph (HBAR) price is surging as it trades in line with the broader cryptocurrency market. The token is currently changing hands at $0.1694, registering a 3.3% gain in the past 24 hours.

This recent surge has pushed HBAR just below a crucial resistance level at $0.177. A decisive move above this price zone could be a launchpad for more substantial gains.

Technical indicators are aligning in favor of a bullish continuation. The Relative Strength Index (RSI) is nearing 70, indicating firm bullish momentum without signaling overbought conditions yet. At the same time, the MACD has confirmed a bullish crossover, while volume has increased during the breakout—both are reliable signs of sustained buying pressure.

HBAR Signals Trend Reversal with Bullish Breakout

Adding weight to the bullish narrative, a recent X post by Rose Premium Signal presents a technical analysis of HBAR on the weekly chart.

According to the post, HBAR is rebounding from a strong demand zone and has formed a falling wedge pattern—a classic bullish formation in technical analysis. The falling wedge indicates diminishing selling pressure and tightening price movement, which usually precedes a breakout.

The chart shows HBAR breaking out of the wedge’s upper trendline, further signaling the bullish momentum.

The post highlights three ambitious yet technically sound target levels following the breakout: $0.356, $0.495, and $0.592. These targets correspond with historical resistance zones, particularly around the $0.33 and $0.39 marks, and reflect levels where price action has previously struggled to break through.

As the market continues to recover, HBAR’s setup appears increasingly favorable. A successful breakout above $0.177 could open the door to testing $0.197 and the psychological $0.200 level, signaling a confirmed trend reversal.

If this momentum continues, Hedera could be poised for a significant move in the coming weeks, making it one of the altcoins to watch closely.