HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

HBAR extended its advance on Tuesday, gaining 1.31% to $0.1725 as trading volume climbed 38% above its 30-day average. The move followed broader crypto market momentum, supported by steady institutional flows. Despite the lack of fundamental catalysts, the elevated activity points to renewed trader interest in the Hedera network token.

Price action reflects a period of consolidation, with HBAR forming higher lows while repeatedly testing resistance levels. Its performance of 0.41% versus the overall crypto market has been within normal correlation ranges, suggesting a move driven by sentiment rather than specific project developments.

Traders are closely watching the resistance level of $0.1742 as HBAR is trading in a tight range of $0.1701 – $0.1739. The 38% increase in volume highlights active position building, which often precedes a breakout attempt. However, the current pattern suggests a tactical repositioning rather than large-scale accumulation, with the $0.17 area emerging as a key psychological support zone for potential upside momentum.

HBAR Technical Analysis Summary

• Support and Resistance
  • Primary support at $0.1692.
  • Key resistance at $0.1742.
  • Volume-weighted support zone established at $0.1601 during the previous decline.
• Volume analysis
  • The increase in volume to 223.2M at $0.1601 provides a strong technical base.
  • Late session consolidation on lighter volume suggests a position management phase.
• The paper models
  • The ascending triangle formation with higher lows confirms a bullish undertone.
  • The pattern targets $0.18 on a successful resistance break.
• Objectives and Risks
  • Break above $0.1742 opens a path to the $0.18 target.
  • Failure below $0.1692 support tests the critical volume cluster of $0.1601.

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