TLDR:
- HBAR surged above $0.216, flipping key resistance into new support.
- The price structure shows strength after breaking from a multi-week consolidation.
- Long-term support at $0.147 continues to anchor Hedera’s bullish trend.
- Analysts target $0.43 if volume holds and $0.216 remains unbroken.
Hedera (HBAR) has seen a clean breakout above a major resistance zone.
The move follows weeks of price consolidation and appears to signal strength. Crypto analysts believe the token is now entering a new phase of momentum. The recent rally has lifted HBAR above $0.20, a zone that now acts as short-term support. Will it hold above?
HBAR Price Structure Shows Strength Above $0.20
The $0.216 level, once resistance, now serves as a strong support zone according to technical data. Price recently surged past this barrier with a series of bullish candles, confirming a breakout from a multi-week range.
Analysts believe this sets the stage for a possible push toward the $0.43 level.
HBAR Heating Up!
We're eyeing the $0.15 – $0.20 zone as a prime entry range. Holding above $0.20 with steady volume could be the fuel for the next leg up
— CryptoPulse (@CryptoPulse_CRU) July 16, 2025
CryptoPulse, a market analysis group, identified the $0.15 to $0.20 range as an ideal accumulation zone. Their tweet noted that sustained price action above $0.20 with steady volume could provide fuel for further upside.
The current chart shows consolidation above this zone, suggesting continued momentum if support holds.
Long-term support at $0.147 has remained intact through several market dips. This level formed the base of the latest rally and helped validate the current trend. Traders using a strategy of averaging in during the $0.15 to $0.20 range are now positioned favorably.
Market data from CoinGecko shows HBAR is trading at $0.231. Despite a slight daily pullback of 1.36%, the token has gained over 32% in the past week.
Analysts say this shows strength in the broader structure rather than short-term weakness.
Hedera Targeting the $0.43 Resistance Level
The $0.43 region represents the next critical resistance point based on previous market highs.
Many mid-term traders are now eyeing this zone for potential profit-taking. If volume remains consistent and support above $0.216 holds, HBAR may continue toward this price level.
The structure of the move suggests a healthy market trend with room for growth.
No signs of sharp reversal have emerged, and consolidation above $0.20 adds confidence for bulls. Traders remain cautious but optimistic as price builds a base for the next leg. The chart structure, combined with historical levels, signals strong buyer interest in HBAR.
Analysts say the setup remains favorable as long as support near $0.216 holds. If momentum continues, a move toward $0.43 becomes increasingly likely in the coming weeks.
The post Hedera Breaks Out: HBAR Price Holds Above Key Level, Targets $0.43 appeared first on Blockonomi.
Source: https://blockonomi.com/hedera-breaks-out-hbar-price-holds-above-key-level-targets-0-43/