Hedera Hashgraph is experiencing a resurgence of bullish momentum, as market analysts Waleed Ahmed and Butterfly are highlighting potential breakout patterns for the altcoin. Trading at approximately $0.18 after a daily gain of 5.66%, HBAR’s charts indicate a possible rally that could elevate the token’s price toward $1.50. The current scenario is bolstered by increasing trading volume, the formation of consistently higher lows, and a surge in market interest, suggesting a potential long-term turnaround for the asset.
In recent trading sessions, Hedera Hashgraph has rebounded from a brief period of consolidation, recovering from a low of $0.16 to stabilize around $0.175. Market data shows that during the mid-session trading surge, HBAR climbed above the $0.17 threshold, attracting renewed buying interest. Notably, trading volume has substantially increased, reaching and exceeding $395 million within this timeframe. This uptick in activity signals that buyers are starting to regain control after a significant interval of reduced participation, reflecting a broader trend of recovery among altcoins benefiting from improved investor confidence and liquidity across exchanges.
Analyst Waleed Ahmed presented a long-term weekly chart, showcasing a projected upward trajectory towards $1.50. Accompanied by a light-hearted caption, the chart emphasizes the asset’s cyclical behavior of forming accumulation zones before major trend shifts. A confirmed breakout above $0.30, as Ahmed describes, could lead to accelerated bullish momentum, potentially pushing the price towards $0.70 and beyond—levels observed during previous cycle highs in 2021. His analysis, while humorously toned, underscores the possibility of a robust comeback in market participation if HBAR maintains stability above critical support levels.
From a technical perspective, the price structure of HBAR reflects promising recovery signals. Since mid-year, the token has been establishing higher lows, which suggests a gradual strengthening of its bullish foundation. A key immediate resistance level to monitor is around $0.20; a daily close above this mark could validate the onset of a mid-term uptrend. Market participants are closely watching volume patterns, as sustained inflows would confirm greater interest from investors. Although momentum has slightly cooled following the initial spike, maintaining support above $0.17 is crucial, as failing to do so could uncover a short-term retracement towards the next vital support zone at $0.155.
Analyst Butterfly noted that HBAR is rebounding off the lower boundary of a descending channel on the 2-day chart, forming what resembles a textbook reversal pattern. This boundary previously functioned as a significant accumulation area, indicating a transition from selling exhaustion to renewed buying activity. The increase in trading volume at this price point bolsters the case for a potential short-term rally.
Should momentum continue to build, targeting the upper boundary of the descending channel could result in a remarkable 200% gain from its current levels, pushing towards the $1.20 mark. The technical setup remains solid as long as HBAR holds above its lower trendline and consistently forms higher lows. With growing market sentiment and a rising market capitalization currently at $7.43 billion, analysts view this rebound phase as the beginning of a broader recovery for Hedera Hashgraph.
