Hedera’s HBAR Token Climbs 15% Amid Technical Recovery Signs

Hedera’s native token, HBAR, has recently shown signs of strength after weeks of decline. The token, which fell from above $0.22 earlier this year to under $0.13, has now begun a small recovery. Traders are closely monitoring this movement to see if it can lead to a more significant upward trend.

Over the past few days, HBAR has climbed back above $0.15, indicating encouraging technical signs. The Relative Strength Index (RSI) has risen to 64, significantly higher than its average of 45. This increase often suggests that momentum is improving. Although the token is still below the 200-day moving average around $0.22, this recent price action is the most positive seen in weeks.

Despite the short-term improvements, weekly indicators suggest that caution is still necessary. The Moving Average Convergence Divergence (MACD) is just barely in the red at -0.001, indicating that the overall trend hasn’t fully reversed yet. The Commodity Channel Index (CCI) sits at -140, showing that HBAR has been heavily oversold. This reading sometimes hints at an impending relief bounce.

The Rate of Change (ROC) is at -17, confirming recent weakness, but this could change if the price continues to climb. The Ultimate Oscillator is currently around 37, which is still on the lower end but slowly ticking upward. These indicators suggest that HBAR might be starting a recovery, but a true trend reversal hasn’t been confirmed yet.

The next significant test for HBAR is the resistance zone between $0.16 and $0.17. This level previously acted as support but could now serve as a ceiling. If the price breaks through this resistance, it would be a strong sign that bulls are regaining control.

Looking ahead, the forecast for HBAR depends on whether buyers can sustain the upward momentum. If the token climbs past $0.17 with solid support, there’s a good chance it could retest $0.20 or even $0.22, marking a strong rebound from recent lows. However, if this rally fades and HBAR slips below $0.13 again, the next support is near $0.12. If that level fails, the price could drop closer to $0.10 before finding a new bottom.

Currently, there is cautious optimism surrounding HBAR. The token has shown signs of life, but it still needs sustained momentum. Increased volume, better user engagement, or a fresh headline could help carry this momentum forward. If that happens, Hedera might start to build a stronger base for the next move up. For now, the bounce is promising, but the bulls have more work to do.