HBAR has shown some serious strength after breaking $0.23, indicating a breakout. This comes after HBAR held the 61.8% Fibonacci level at $0.175, a big support holding the price. Currently Selling at $0.255–$0.265, which was support in Dec but failed in Jan. There is a very intense indication of Strong inflows and improving sentiment. Analysis reveal the Fair value gap between $0.216–$0.242 could be the retracement zone. Is Hedera’s breakout a structural change?
Technical Analysis: Can HBAR hold the uptrend?
HBAR’s price action is aligned with a shift in momentum but here are the key factors to watch:
| Metric | Current Value | Implication |
|---|---|---|
| Price Resistance | $0.23 (broken); next at $0.255–$0.265 | Must hold above $0.23 for sustained bullish momentum |
| Support Levels | $0.224; $0.24 | Potential retracement levels before another push higher |
| Fair Value Gap | $0.216–$0.242 | Could be revisited before further upside |
| Upside Targets | $0.267, $0.284, $0.326 | Potential price targets if bullish momentum holds |
| Chaikin Money Flow (CMF) | +0.09 | Strong capital inflows, indicating sustained buying pressure |
| Awesome Oscillator (AO) | Below zero | Bearish momentum still present but weakening |
| Social Volume & Sentiment | Increasing | Growing market interest in HBAR |
Market Indicators Supporting the Bullish Argument
The Chaikin Money Flow (CMF) is at +0.09, meaning strong inflows; institutional and retail are buying HBAR. This is a big reversal from Feb 24 when CMF was at -0.24, indicating extreme bearishness.
The Awesome Oscillator (AO) is still below zero so bearish momentum is still present but if it crosses above zero it would confirm a big reversal.
On-Chain Data: Social Volume and Liquidation Heatmap
On-chain data support Hedera’s breakup.
– Social Volume: HBAR’s Social Volume was down with the price; indicating less interest. But the latest breakout reversed that, bringing more attention to the asset now.
– Weighted Sentiment: HBAR’s Weighted Sentiment is positive, reinforcing the idea that traders are accumulating again.
– Liquidation Heatmap: The 1-month liquidation heatmap shows $0.25 was swept, so a period of consolidation around $0.24 might occur before the next big move.
Price Scenarios for Hedera (HBAR)
Bullish Scenario: To $0.284 and Beyond
If buying pressure continues and HBAR holds above $0.23, the next targets are:
- $0.255–$0.265: A strong resistance area that acted as support in December but failed in January.
- $0.267: A key level where traders might take profits.
- $0.284: A major resistance, a higher high and bullish momentum.
- $0.326: If momentum stays strong, this could be the final target for this rally.
Bearish Scenario: To $0.216–$0.242
If Hedera fails to hold $0.23, we might see a pullback to the value gap at $0.216–$0.242 before another try at up.
– $0.224 and $0.24 have a lot of sell liquidation, will be areas where traders look to get in.
– If it fails to hold those levels, it could go back to $0.175, invalidating the bullish thesis.
Is HBAR a Strong Buy Right Now?
Hedera’s technical setup and on-chain metrics are bullish but we need to be careful with the Awesome Oscillator still bearish.
For long term investors; HBAR is a buy on dips. Swing traders should look for pullbacks to $0.216–$0.242 as entries.
HBAR vs Market
| Asset | Current Price | Weekly Performance | Market Sentiment |
|---|---|---|---|
| Hedera (HBAR) | $0.25 | +8.2% | Bullish Breakout |
| Bitcoin | $91,526 | -4.54% | Correcting |
| Ethereum | $2,367 | -13.42% | Correcting |
Bitcoin’s pullback affected HBAR for a bit but HBAR bounced back strongly and investor confidence is back in the uptrend.
Conclusion: Can HBAR hold the Bullish Momentum?
Hedera’s break above $0.23 is a potential change in market structure, but to sustain this uptrend HBAR needs to hold the levels and get strong buying pressure.
– If HBAR stays above $0.23, next targets are $0.255, $0.267, $0.284 and potentially $0.326.
– A pullback to $0.216–$0.242 could be a buy opportunity for traders to get in at lower levels.
– On-chain data and sentiment are bullish but short term volatility is a risk.
For now HBAR’s break out looks good, but traders should wait for confirmations before going all in.
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FAQs
1. Why did Hedera (HBAR) break above $0.23?
HBAR’s break out was due to big inflows, improving on-chain sentiment and bullish market structure after holding the 61.8% Fibonacci retracement at $0.175.
2. What are the next targets for Hedera?
If momentum holds HBAR could hit $0.267; $0.284 and possibly $0.326 in the next few weeks.
3. Should I buy HBAR now or wait for a pullback?
For long-term investors buying on dips at $0.216–$0.242 makes more sense. Short-term traders should wait for above $0.255 to get in.
4. What are the resistance levels to watch?
$0.255–$0.265 is the critical zone, followed by $0.284 and $0.326.
5. Will HBAR retrace before moving up?
Yes, liquidation levels suggest a dip to $0.216–$0.242 before the next up.
Glossary
Fair Value Gap (FVG): The price range where an asset moved fast and left little trading activity behind.
Chaikin Money Flow (CMF): The indicator that measures money flow volume to determine buying or selling pressure.
Awesome Oscillator (AO): The momentum indicator that shows market trends.
Weighted Sentiment: The measurement of positive vs negative sentiment around an asset.
References
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