2026-3-24 20:46 |
HBAR rose to above 0.095 as crypto sentiment improved following recent macro‑driven swings. The $0.13-$0.15 zone could be a major resistance region for bulls. Hedera price must reclaim and hold above $0.10 to confirm a potential trend reversal.
Hedera (HBAR) price jumped more than 5% in 24 hours as cryptocurrency markets flipped green, with bulls eyeing momentum amid optimism that the US-Iran war could end soon.
But as Hedera’s native token targets a breakout above the $0.10 mark, what resistance cluster is likely to derail buyers? The technical chart provides the outlook.
Here’s why HBAR price rose, testing a key levelHedera’s HBAR rose to intraday highs near $0.095 on Monday as Bitcoin and the broader market reacted to geopolitical developments.
The move followed comments from Donald Trump suggesting easing tensions with Iran, which helped lift sentiment across risk assets.
Bitcoin climbed above $71,000 during the session, while BNB also moved higher toward $650, supporting gains in altcoins.
Despite the initial relief, underlying uncertainty remains. Ongoing tensions linked to the Iran conflict and broader macroeconomic headwinds continue to limit upside across the crypto market.
Adding to the uncertainty, reports cited Iranian state media disputing Trump’s claims, stating that no negotiations are underway and rejecting his remarks.
Against this backdrop, HBAR’s near-term direction remains tied to broader market movements.
A renewed decline in Bitcoin could push the token back below the $0.09 level.
On the other hand, sustained buying above current levels could open the door for further short-term gains, with a key resistance zone likely to define the next move.
Hedera price forecast: can bulls extend rally?Analysts tracking Hedera highlight $0.10 as a key near-term pivot, with potential upside targets in the $0.13–$0.15 range.
This zone has recently acted as a ceiling for price advances, capping bullish attempts.
A sustained move higher would require HBAR to break above the 50-day exponential moving average near $0.098 and the 100-day EMA around $0.11.
Clearing these levels would bring the token toward a primary resistance area near the 200-day EMA, around $0.13, which has marked recent rejection points.
Previous attempts to push higher have struggled to hold gains beyond the $0.15 level.
At present, HBAR is retesting the middle band of the Bollinger Bands on the daily chart.
The bands are tightening, indicating reduced volatility and suggesting that a breakout may be approaching, although confirmation is still needed.
Hedera HBAR chart by TradingViewFailure to clear this zone could see HBAR revert into a consolidation corridor within a long-term downward channel.
Conditions across the market could then mean an extended sideways action before clarity from macro or fundamentals becomes the next upside catalyst.
Bears may eye $0.07 and $0.06 as major support levels.
The post HBAR price gains amid crypto uptick: where’s the major resistance? appeared first on CoinJournal.
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