- HBAR rose to 0.095 as crypto sentiment improved following recent macro-driven changes.
- The $0.13-$0.15 area could be a major bull resistance area.
- The price of Hedera needs to recover and maintain more than $0.10 to justify the potential change.
The price of Hedera (HBAR) jumped more than 5% in 24 hours as the cryptocurrency markets turned green, the bulls looking for a quick look amid the hope that the US-Iran war could end soon.
But as the Hedera token wants to explode above the $0.10 token, what kind of group will confuse the buyers? A technical chart provides an overview.
This is why the price of HBAR went up, testing the level of demand
Hedera’s HBAR rose to $0.095 on Monday as Bitcoin and the broader market reacted to global trends.
The move follows President Donald Trump’s announcement that he would de-escalate tensions with Iran, which helped raise concerns about the threat.
Bitcoin rose above $71,000 during the session, while BNB also moved above $650, supporting gains in altcoins.
Despite the initial relief, real uncertainty remains. The ongoing controversy surrounding the Iran conflict and financial crisis continues to dominate the crypto market.
Adding to the uncertainty, reports cited Iranian media denying Trump’s comments, saying there were no talks taking place and denying his claims.
Based on this, HBAR’s short-term trend is still in line with the broader market trend.
Bitcoin’s new low could push the token back below the $0.09 level.
On the other hand, a sustained purchase above current levels can open the door to short-term profits, with a significant margin that could mean another move.
Hedera price predictions: Will the bulls make a rally?
Analysts following Hedera highlight $0.10 as the key to the near future, which could reach its targets in the $0.13–$0.15 range.
This area has recently been the ceiling for price increases, indicating a test of strength.
A sustained move would require HBAR to break above the 50-day moving average around $0.098 and the 100-day EMA around $0.11.
Removing these levels brings the signal to the first resistance area near the 200-day EMA, around $0.13, which has recently shown resistance.
Previous attempts to push higher have struggled to get above the $0.15 level.
Meanwhile, HBAR is retesting the middle Bollinger Bands on the daily chart.
The bands are tightening, showing a slowdown and suggesting that a breakout may be imminent, although confirmation is still needed.
Hedera HBAR chart and TradingViewFailure to remove this component may see HBAR return to the consolidation path within the downward trend.
Market trends may mean taking a long step before you clear from a major or startup to the next catalyst.
Bears can look at $0.07 and $0.06 as major support levels.
