HBAR Clears Downtrend With Volume Surge Targeting $0.288 Breakout
- HBAR has cleared key trendlines and formed a bullish pattern while volume and RSI continue rising fast.
- The breakout came after strong support held near $0.250, which now acts as a base for upward pressure.
- Targets at $0.271 and $0.288 are next as buyers look to maintain control after the hourly wedge breakout.
Hedera Hashgraph (HBAR) has broken above its descending channel. The price jumped past $0.264 and hit $0.271, signaling potential upside momentum. The move follows a bounce from local lows with strong buying volume supporting a breakout from recent bearish structure.
Bullish Breakout and Retest Confirmation
The HBAR/USDT chart on Binance shows price exiting a falling wedge after holding support near $0.245. Following this breakout, HBAR rallied to $0.27104 before consolidating above the key resistance zone. A large green candle printed during the move, supported by rising volume on the hourly chart.
A key trendline dating back to July 19 has now been decisively broken. The rejection of the lower channel, followed by a successful retest, validated the reversal. This move marks the end of a five-wave structure that culminated with a sharp selloff.
Technical indicators on the 1-hour chart show bullish crossover signals. The stochastic oscillator moved upward from oversold levels, while RSI formed a bullish divergence and is now pushing above 60. These signals show building strength as price holds above former resistance.
The emoji pointer at the breakout confirms the importance of this retest zone. Traders were watching this level for confirmation, which aligns closely with $0.25. The price has since respected that zone and moved higher.
Volume Profile and Resistance Targets
The volume profile on the right side of the chart shows strong participation around the $0.245 to $0.264 range. This is a high-interest zone with dense historical volume. Price breaking above this region often leads to accelerated movement toward lighter volume zones.
HBAR is now targeting the $0.271 resistance, with next interest forming at $0.28836. These levels are visible horizontal resistance levels from previous price action peaks. The chart suggests potential to revisit these areas if momentum continues.
The price movement suggests increased confidence in the current short-term trend. The candle structure is clean, with minimal upper shadows, indicating strong buyer control. If volume remains high, price may continue its march toward the $0.28 region.
On the lower side, immediate support lies around $0.250. This aligns with the red horizontal line seen on the chart. A breakdown below this may invalidate the bullish setup and bring the asset back into consolidation.
Volume also expanded noticeably during the breakout attempt, showing increased participation from buyers. This confluence between volume and structure strengthens the bullish thesis in the near term.
Is HBAR Preparing for a Larger Reversal?
Can HBAR push beyond $0.271 and reclaim the $0.288 level after breaking its downtrend and forming higher lows?
The technical picture shows rising momentum and renewed interest after days of tight trading. The sharp rejection from recent lows aligns with trend reversal strategies observed in wedge breakout patterns. This creates a possible launch zone toward upper resistance.
Volume clusters now shift higher, reducing friction for price to move above $0.271. Candles have cleared the 200 EMA, confirming a shift in bias from bearish to bullish. The indicators reflect improving sentiment and renewed market strength.
With resistance levels outlined and buying strength increasing, HBAR could soon challenge the $0.288 area again. A sustained move above $0.271 would further support this path.
