Hedera HBAR Golden Cross Sparks Bullish Momentum

Hedera Hashgraph’s native token, HBAR, has confirmed a golden cross, a technical indicator often associated with the start of a long-term bullish trend. This occurs when the 50-day moving average crosses above the 200-day moving average, signaling a shift in market sentiment. The pattern has sparked renewed interest among traders and analysts, who are now eyeing a potential breakout beyond HBAR’s 2021 all-time high of approximately $0.57 [1].

The golden cross has already triggered a noticeable uptick in buying activity, with momentum building as traders position themselves ahead of a potential price surge. Market participants are closely monitoring whether HBAR can maintain its upward trajectory and sustain volume levels. A sustained rally would suggest the recent bullish trend has legs, potentially leading to a more extended move higher [1].

Analysts have highlighted the $0.254–$0.255 level as a key resistance zone that must be cleared for the golden cross signal to be fully validated. If HBAR successfully breaks through and holds above this range, it could pave the way for a retest of its 2021 highs. Whale accumulation of over 60 million HBAR in August further reinforces the long-term bullish case, as large investors continue to build positions [2].

On-chain activity also supports a bullish outlook, with strong net outflows and high long account activity indicating growing confidence from both retail and institutional investors. These trends suggest that HBAR is attracting attention as a potential breakout candidate in the under-$1 crypto space [1].

Fundamentally, HBAR has made progress in strengthening its ecosystem, including a recent partnership with Mastercard and achieving ISO compliance. These developments have added institutional credibility to the project, providing a solid foundation for further price appreciation [1].

While the golden cross is a historically significant bullish signal, traders are advised to remain cautious. Declining volume during the recent price increase points to potential divergence and volatility ahead. Key support levels at $0.254 and $0.241 should be closely watched, as a breakdown below these could trigger a reversal in the current trend [3].

With the broader market showing strength and several under-$1 cryptocurrencies experiencing bullish momentum, HBAR’s position in this group highlights its potential for a significant move. Analysts have forecast short-term price targets of $0.56–$0.75, with more ambitious goals like $0.97 by December also being discussed, although these are based on analyst forecasts rather than confirmed fundamentals [1].

The next few weeks will be critical in determining whether the golden cross leads to a sustained breakout or a temporary surge. For now, HBAR remains in a strong rising trend, with all eyes on its ability to maintain momentum and push higher.

Source: [1] https://t.signalplus.com/crypto-news/detail/hbar-xlm-remittix-top-under-1-crypto-gains

[2] https://x.com/search?q=%23Hedera&src=hashtag_click

[3] https://stockinvest.us/stock/HBARUSD