HBAR Surges 10% Breaking $0.24 Resistance Level

Hedera’s native token, HBAR, has recently experienced a significant breakout, surging past key resistance levels and attracting considerable attention from investors. The cryptocurrency has shown a bullish trend, with a notable increase, breaking through the $0.24 resistance level. This breakout has been supported by technical indicators, suggesting further gains are possible. However, the Relative Strength Index (RSI) hints at a potential overbought condition, indicating short-term caution.

The bullish momentum has been confirmed by HBAR's recent price movements, with the cryptocurrency hitting $0.28 and showing strong upward momentum. Analysts are now eyeing the $0.32 and $0.40 resistance levels as the next potential targets for HBAR. The breakout above key Exponential Moving Averages (EMAs) signals a trend reversal, further supporting the bullish outlook.

Despite the positive momentum, investors are advised to exercise caution. The RSI suggests that HBAR may be overbought in the short term, which could lead to a pullback. However, the overall trend remains bullish, and the cryptocurrency is expected to continue its upward trajectory in the coming days and weeks.

The recent surge in HBAR's price has been driven by strong bullish momentum, with high trading volume indicating significant investor interest. The cryptocurrency's recent 10% surge and high trading volume further support the bullish outlook, with investors expecting HBAR to continue its upward trend.

Meanwhile, data shows that HBAR’s future open interest has risen sharply, reaching over $500 million. This rise aligns with the price surge from mid-2024 to mid-2025. A simultaneous increase in both open interest and price typically reflects growing market confidence and speculative participation. The green spike in open interest, one of the largest recorded for HBAR futures, suggests strong inflows and potential institutional activity. This synchronised movement underscores heightened demand and investor positioning. The correlation between futures volume and price action adds weight to the current bullish case for HBAR.

HBAR recently reached approximately $0.27230 following a breakout above resistance from the March swing high. After this sharp move, the price pulled back slightly, possibly retesting the demand zone around $0.23000 to $0.25000. Analysts view this as a healthy retracement within a bullish setup. The projected price path on the chart indicates potential continuation toward the $0.30000–$0.32000 range. This forecast assumes the demand zone holds, providing support for another leg higher. The daily chart structure supports this view, showing consolidation before possible continuation. If current momentum and volume levels persist, HBAR could extend gains in the short to mid-term. Combined technical and market data suggest bullish sentiment remains intact as the token builds support above previous highs.