Hedera’s HBAR token surges 12% on Robinhood listing as 24-hour volume jumps 58% to $1.03B

Hedera’s HBAR token has surged over 12% in the past 24 hours, reaching $0.2666, following its listing on Robinhood, a platform with access to 20 million U.S. retail users. The move has driven a 58% increase in 24-hour trading volume to $1.03 billion, rekindling bullish momentum for the cryptocurrency. Analysts attribute the price jump to heightened accessibility and speculative interest in potential ETF approvals, with the token’s market cap rising to $11.3 billion. The price has broken through key resistance at $0.26, aligning with the 23.6% Fibonacci retracement level after forming a “higher low” at $0.233 on July 24 [1].

Technical indicators suggest the rally could continue. The 14-day RSI stands at 66.34, indicating strong upward momentum without overbought conditions, while the MACD remains slightly bearish with a negative histogram (-0.00022). However, the price has consistently traded above its 7-day simple moving average at $0.2611, reinforcing a short-term bullish bias [1]. Immediate resistance is now at $0.29930, with a successful close above this level likely to validate further gains toward $0.2976 (July 25 high) and potentially $0.3274. A sustained breakout beyond $0.3735 would signal a longer-term upward trend [1].

Traders are advised to monitor critical support zones between $0.2480–$0.2520, with a stop-loss threshold at $0.2390 to manage downside risks. Analysts highlight that while the RSI supports a bullish case, the negative MACD histogram indicates caution is warranted. The price action suggests a strategic balance between optimism and prudence, with market sentiment leaning toward continuation of the current rally [1].

The listing on Robinhood has positioned HBAR as a focal point for retail investors, amplifying its visibility in a market anticipating broader ETF adoption. However, the token’s trajectory remains contingent on maintaining its breakout above $0.29930, which would confirm the validity of the technical pattern. Analysts caution that volatility remains a factor, emphasizing the importance of monitoring volume and key resistance levels [1].

Source: [1] [Hedera Price Surges on Robinhood Listing, Is HBAR Heading to $0.30 Next?] [https://coinpedia.org/price-analysis/hedera-price-surges-on-robinhood-boost-is-hbar-heading-to-0-30-next/]