Hedera Hashgraph Rises: Daily Chart Tests Critical $0.25–$0.26 Zone
HBAR’s daily chart clearly illustrates a strong rebound from $0.20, testing the $0.25–$0.26 zone, marking renewed trading interest and observable price structure. Technical indicators reveal the RSI above 50 and the DMI’s +DI surpassing –DI, confirming ongoing buyer presence and market momentum in HBAR. Current market data shows HBAR at $0.2569 with robust volume, and the chart marks the $0.25–$0.26 zone as a pivotal resistance area
- HBAR’s daily chart clearly illustrates a strong rebound from $0.20, testing the $0.25–$0.26 zone, marking renewed trading interest and observable price structure.
- Technical indicators reveal the RSI above 50 and the DMI’s +DI surpassing –DI, confirming ongoing buyer presence and market momentum in HBAR.
- Current market data shows HBAR at $0.2569 with robust volume, and the chart marks the $0.25–$0.26 zone as a pivotal resistance area
Hedera Hashgraph (HBAR) shows renewed price action on its daily chart after an extended decline. The coin tests a vital horizontal support zone that evolved from earlier trading activity.
Current Price Action
HBAR’s price stood at $0.2569 during press time. The coin gained 9.69% over the last 24 hours. Trading data records a 22.94% increase during the past week. A rebound from lows near $0.20 is clearly visible. Price action has moved upward into a consolidation zone. This zone served as both resistance and support in past sessions.
The daily chart shows a distinct push toward the $0.25–$0.26 area. Price candles have advanced steadily from the previous low. The upward movement marks a shift in the market’s recent structure. This action reflects observable trends on the chart.
Chart Structure and Technical Indicators
The chart displays a rectangular range in the mid-$0.20s. This area marks where buyers and sellers previously engaged. A simple moving average tracks slightly below the current price. The moving average often functions as dynamic support during upward moves.
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The Relative Strength Index remains above the midpoint of 50. This reading signals that buyer activity continues. The Directional Movement Index shows the +DI above the –DI line. Such technical indicators confirm clear market momentum within the observed range. Each indicator contributes to the overall view of HBAR’s structure.
Market Data and Key Levels
A tweet from Alpha Crypto Signal notes that HBAR is testing its horizontal support zone. The tweet mentions that the coin is attempting to reclaim this area after a prolonged downtrend. The tweet points out the importance of the $0.25–$0.26 region.
Key levels include resistance in the low-$0.30s and support at the previous swing low near $0.20. Trading volume remains robust during the current phase. Volume data supports the clear price structure displayed on the chart. Observers record these data points as essential to understanding HBAR’s evolving trend.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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