HBAR Tests Key Trendline Amid 13.5% Volume Surge and $0.31 Bullish Target

HBAR, the native token of the Hedera Hashgraph network, is currently testing a critical ascending trendline that has served as a key support level since mid-July. The price is hovering near $0.2489, within the $0.245–$0.250 range, which has become a focal point for traders. A successful retest and hold at this level could signal a potential move toward $0.31 and beyond, while a breakdown may push the price lower toward $0.23 or even $0.21[1].

Recent on-chain activity highlights the significance of this moment. In the last 24 hours, HBAR's trading volume surged by 13.50% to approximately $698 million, reflecting increased market participation and investor attention[1]. This uptick in volume suggests that the price action near the trendline is being closely monitored by traders, who are anticipating a decisive movement in either direction.

Analysts have drawn attention to the chart pattern forming around the trendline. Each time the price dips toward it, buyers have stepped in, creating a rhythmic pattern of support and rebound. This behavior has formed a broadening wedge, characterized by higher lows and wider price swings, with many expecting a breakout to confirm the next phase of the trend[1]. Crypto analyst Kamran Asghar noted that a confirmed breakout could see the price reach $0.31 or higher, with long-term price projections near $0.50[1].

Fundamentally, HBAR has seen recent developments that may support a bullish outlook. Its recent listing on Robinhood has attracted a wave of retail investors, particularly in the U.S. market, and contributed to a 13% price jump in July[1]. This increased exposure has reinforced interest in Hedera’s real-world applications, such as its high transaction throughput of 10,000 transactions per second and partnerships with major tech firms like Google and IBM[1].

The token’s ecosystem is also expanding into decentralized finance (DeFi) and tokenized real-world assets through initiatives like Thrive Protocol, further diversifying its utility. As of now, HBAR’s market capitalization stands at around $10.7 billion, reinforcing its position as a key player in the cryptocurrency market[1].

However, the path forward remains uncertain. Despite a 5.25% decline in the last 24 hours and a 4.02% drop over the past week, the growing volume and volatility indicate that the market is at a turning point. A sustained move above $0.31 could open the door to higher targets, while a failure to hold the trendline may trigger a retest of prior support levels[1].

Traders are now closely watching for a clear directional move, as the retest of the trendline represents a make-or-break moment for HBAR. With technical indicators, volume activity, and fundamental developments converging, the next phase in Hedera’s price journey is expected to unfold rapidly[1].

Source:

[1] Hedera (HBAR) Price Correction Done – [https://www.ccn.com/analysis/crypto/hedera-hbar-price-correction-done/](https://www.ccn.com/analysis/crypto/hedera-hbar-price-correction-done/)