Hedera’s native token, HBAR, has captured investor attention with a 27% surge, breaking out of its consolidation range. Technical indicators suggest HBAR is in a bullish trend and could retest its all-time high of $0.57 if demand continues. Let’s explore the key drivers behind this upward momentum.
HBAR Bulls Fuel the Rally
HBAR recently broke its consolidation range, posting double-digit gains and trading at $0.35. Over the past month, the market had kept HBAR between a support level of $0.26 and a resistance level of $0.33. However, increased buying pressure allowed the token to surpass this resistance, sparking upward momentum.
Currently, HBAR is trading above its 20-day Exponential Moving Average (EMA), a critical indicator for analyzing short-term price trends. Trading above the 20-day EMA signals that buyers are in control of the market, supporting further price increases.
Additionally, the Moving Average Convergence Divergence (MACD) indicator backs the bullish outlook. The MACD line (blue) is positioned above the signal line (orange), indicating that buying activity is outpacing selling pressure. This setup suggests the potential for a sustained rally.
HBAR Price Forecast
If demand for HBAR remains robust, the token could break through the critical resistance at $0.44. Sustained movement above this level would pave the way for HBAR to challenge its 2021 all-time high of $0.57.

On the downside, a decline in buying pressure could hinder this bullish scenario. In such a case, HBAR may retrace to its previous range and stabilize around $0.30.
Conclusion
HBAR’s recent price surge and bullish indicators position it as one of the week’s standout performers. Investors should monitor key levels like $0.44 for a clearer direction. Stay updated on HBAR and other crypto trends with Turkish NY Radio.