The price of Hedera ( HBAR ) may continue to break through after a short term correction.

Hedera ( HBAR ) has surged 23% in just 24 hours, breaking through a key resistance level amid a wave of optimism and strong capital flow.

In the vigorous recovery wave of the cryptocurrency market, Hedera (HBAR) has become the center of attention as it recorded a spectacular price increase. In just 24 hours, HBAR surged over 23%, officially surpassing the key resistance level – a price range that has repeatedly hindered the rise of this coin.

The motivation for this breakout comes from the spreading optimistic sentiment, high open interest in contracts, along with strong capital inflows into exchanges. These signals not only reflect investor confidence but also open up expectations for a new price increase of HBAR in the near future.

Market Psychology and HBAR Price Forecast

Currently, market sentiment towards HBAR is strongly leaning towards a bullish trend, with widespread optimistic confidence following the recent impressive breakout.

On July 18, 2025, analyst JAVON published a positive commentary, emphasizing that HBAR is maintaining a strong upward momentum and aiming for a target price of $0.504.

Source: XIt is noteworthy that not just one, but a series of similar analyses have emerged on X, reflecting the growing interest from the investment community and analysts towards HBAR – a coin assessed as one of the brightest names in the current bull run.

Current price trends

As of the time of writing, HBAR is trading at $0.2844, recording an impressive increase of over 23% in just 24 hours.

Along with the strong price increase, the trading volume also surged, skyrocketing by 152% compared to the previous day. This hustle and bustle largely comes from the excited sentiment of investors and positive signals from technical analysis – especially after HBAR broke through the important resistance level and benefited from the weakening of the Bitcoin dominance index.

Technical analysis of HBAR and key levels to watch

According to the analysis of technical experts, the impressive breakout of HBAR came after a period of stable accumulation – a classic signal that precedes strong and prolonged growth.

The HBAR breaking through the important resistance zone – where the price had been "held" for many months – has opened the door to a large-scale bullish cycle, especially if the upward momentum is supported by trading volume maintained at a high level.

Based on recent price behavior and past accumulated momentum, analysts predict that HBAR may continue its upward trend and approach the $0.37 mark – equivalent to a potential increase of about 30% in the short term.

Daily chart of HBAR/USDT | Source: TradingViewHowever, the Relative Strength Index (RSI) of HBAR has now reached 85 – a level indicating that the asset is overbought and showing signs of being overextended.

This raises the possibility of a technical correction occurring, with prices trending sideways or slightly decreasing before the market continues its growth momentum.

Signals from on-chain data and derivatives

In the context of a positive market sentiment shift, many investors are beginning to take profit after the recent strong price increase, according to data from the on-chain analysis platform CoinGlass.

In just the past 48 hours, exchanges have recorded an inflow of HBAR with a total value of up to 12.77 million USD – a signal that may indicate short-term selling pressure and raises the question of whether this is the ideal time to realize profits or not.

Source: CoinGlassNotably, the open contract (OI) of HBAR surged by 22%, reaching a record high of 527 million USD. This trend indicates that capital is flowing strongly into the derivatives market, further reinforcing expectations for a new bull cycle of HBAR in the near future.

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