HBAR Surges 8% as Bullish Momentum Builds, Key Resistance Ahead

The HBAR price has surged nearly 8% in the past 24 hours, reaching $0.1835, driven by increased investor interest and positive signals on the Hedera price chart. This rally has shifted focus to the 0.382 Fibonacci resistance level, which, if breached, could confirm a bullish momentum and potentially end the long-term downtrend. The HBAR price has found strong support after bouncing off the 0.236 Fibonacci retracement, and a successful breakout above the 0.382 resistance level could pave the way for HBAR to target the 1.618 Fibonacci extension, historically indicating explosive price growth. Additionally, strong support around the $7.75 billion market cap level further bolsters the bullish outlook for HBAR in the near term.

Technical analysts suggest that a confirmed breakout above the 0.382 Fibonacci resistance level could signal the end of HBAR’s prolonged bearish phase. The Hedera price chart shows the token testing the upper bounds of a long-term descending trendline, and a confirmed break above this barrier could signify the end of HBAR’s prolonged bearish phase. Meanwhile, open interest in perpetual contracts for HBAR stands at $71.7 million, reinforcing the notion that more traders are entering long positions. The Long-to-Short ratio and the OI-weighted funding rate have both flipped positive, suggesting increased confidence in future price gains.

The momentum behind HBAR is not just speculative; institutional confidence is rising due to HBAR’s real-world use cases. Major corporations such as IBM, Google, and Dell are leveraging the Hedera network for enterprise-grade applications. Additionally, HBAR’s support for AI, IoT, and Web3 solutions has positioned it as a strong contender in blockchain technology. These fundamentals are backing the current technical setup, giving bulls a clear advantage if HBAR price resistance levels are breached.

Looking ahead, the success of HBAR in clearing the 0.382 Fibonacci resistance will be crucial. If bulls succeed, the HBAR price could rapidly accelerate toward $0.25 and beyond. However, failure to do so might prompt consolidation around $0.17–$0.18. Either way, the HBAR bulls have made it clear they are not backing down, and the next few sessions could be pivotal. The HBAR price is showing undeniable strength backed by technical and institutional fundamentals. With the Hedera price chart displaying a bullish setup, surging trading volume, and growing open interest, HBAR bulls are eyeing a significant breakout. Whether the price can overcome the 0.382 Fibonacci level will determine short-term direction, but long-term signs remain positive. As the blockchain expands into AI and enterprise, HBAR price resistance may soon turn into support, and the next leg up could surprise many.