Traders are now watching closely for the next move higher.
HBAR’s breakout from a descending wedge pattern marked a shift from consolidation into upward momentum. Multiple touches on the wedge boundaries validated the formation, and the breakout was confirmed as the price retested the zone successfully. This held support reflects strong demand and market confidence in the move.
Source: X
The retest phase was accompanied by healthy trading volume, an important factor in confirming breakout validity. Strong participation during both the breakout and the retest phase suggests that buyers are stepping in aggressively, building the foundation for a stronger rally.
Looking forward, the projected path shows potential gains toward $0.31 and above, with the upward curve pointing to continued momentum. Market optimism around upcoming events and seasonal strength adds to the bullish narrative, setting the stage for a possible extended rally in the weeks ahead.
Additionally, Hedera is trading around $0.25, posting a 2.67% gain in the past 24 hours. Its market capitalization now stands at $10.57 billion, securing its spot among the top 25 cryptocurrencies. The trading volume of over $305 million reflects steady activity, signaling strong participation across exchanges despite broader market volatility.
Source: BraveNewCoin
The circulating supply of 42.39 billion tokens provides a deep and liquid market, allowing both institutional and retail investors to enter positions with confidence. Current trading patterns suggest the token is consolidating in a tight range between $0.24 and $0.25, with buyers defending support levels while testing resistance overhead.
This stability underpins optimism for further upward moves. If the crypto can maintain its position above $0.24, the momentum could fuel attempts at breaking through higher resistance points. On the flip side, failure to hold this zone may trigger short-term corrections, but overall market strength continues to favor buyers at current levels.
At press time, the coin was trading near $0.25, holding firm above key breakout levels shown in the chart. The 4-day setup highlights Hedera’s breakout from a descending wedge, a move often linked with bullish reversals. The projected path suggests strong upside momentum, with price models hinting at potential continuation well beyond the $0.40–$0.60 range in the mid-term.
Source: X
The layered moving averages beneath price action provide additional support, acting as a cushion that reinforces the ongoing uptrend. Each prior breakout from similar wedge structures has led to sharp rallies, and the current pattern mirrors those setups closely. This consistency strengthens the argument for another leg higher, especially as momentum builds across the crypto market.
If the trend holds, the asset could be preparing for an extended bull cycle, targeting values near $1.00 as the ultimate objective of this wave. While corrections are always possible, the technical picture clearly leans bullish, suggesting that buyers may maintain control through the next phases of the rally.
Also read: Worldcoin Price Today Steadies as $3.25B Market Cap Fuels Breakout Potential
