Hedera (HBAR) Shows 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.

Hedera (HBAR) is showing early signs of a bullish reversal after several 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 has brought renewed interest from buyers as HBAR looks to reclaim higher ground.

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

HBAR bulls are now aiming for $0.40 as momentum shifts. Credit: Tradingview

After finding support at $0.12761, HBAR encountered resistance at $0.15038, which stalled the token’s recovery. However, a breakout above the 20-period VWMA (Volume-Weighted Moving Average) at $0.19027 brought fresh buying pressure.

This breakout helped propel HBAR above $0.20075, a level that had previously posed resistance during the March decline. As long as traders can keep the price above $0.20075, the short-term technical outlook will favor further gains.

A flip of the next major resistance at $0.25113 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 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. Otherwise, the bears might attempt to regain control and push the price lower.