Hedera Price Analysis: HBAR Price Jumps 7% After Bullish Wedge Breakout Gains Momentum

HBAR traded near $0.0835 after gaining about 7.7% over 24 hours, while the short-term TradingView chart placed the token slightly higher near $0.0842.

The move followed a period of compression around the $0.077 to $0.079 range. Sellers gradually lost control inside the narrowing structure before buyers pushed the price through the upper trendline and reclaimed nearby resistance.

Falling Wedge Breakout Lifts HBAR

A chart shared by Crypto With Gopal showed HBAR building a rounded base after an extended decline from early April highs. Price formed two visible lows, with the second developing inside a falling wedge.

The breakout occurred after HBAR held support near $0.077. Once the price moved beyond the descending resistance line, buying activity increased and carried the token above $0.082.

Notably, the chart marks two possible upside areas. The first sits around $0.086, while the higher target appears near $0.090. These levels align with former trading zones where earlier selling interrupted previous recoveries.

The breakout remains valid while HBAR stays above the wedge boundary and the reclaimed support area. A pullback toward $0.081 could act as a retest, while a deeper move below $0.079 would weaken the new structure.

Intraday Price Holds Near Session High

BraveNewCoin data showed HBAR trading at $0.08348, close to the daily high of $0.08336 shown in the same market snapshot. The recorded low stood at $0.07691, revealing a wide intraday recovery from the session’s lower range.

Market capitalization reached roughly $3.61 billion, while reported trading volume stood near $96 million. The 24-hour chart showed a steady climb rather than one isolated price spike.

According to market data, the price first recovered from below $0.077, then moved through $0.079, and stabilized around $0.080. Another buying wave followed later in the session, taking HBAR above $0.082 before the token closed near its upper range.

Meanwhile, the TradingView chart showed a similar pattern. HBAR accelerated after reclaiming $0.080 and climbed toward $0.0842 as volume expanded.

Momentum and Money Flow Turn Positive

Technical indicators support the short-term advance. The MACD line stood near 0.00078, above the signal line at approximately 0.00068. Its histogram remained positive at 0.00010, showing that bullish momentum was still active.

Chaikin Money Flow reached 0.19, placing the indicator clearly above zero. That reading points to net capital inflows and confirms that the breakout was accompanied by buying pressure.

However, TradingVed data show HBAR is now approaching its first resistance area. Price must clear $0.085 to extend the move toward $0.088 and $0.090.

Immediate support sits near $0.082, followed by $0.080. Holding those levels would preserve the breakout structure, while a return below $0.079 would place the former wedge and its lower support back in focus.