HBAR Eyes Breakout as Volume Spikes and Traders Watch Key Resistance Levels

Hedera’s native token, HBAR, extended its gains on Tuesday, rising 1.31% to $0.1725 amid a notable 38% surge in trading volume compared to its 30-day average. The move mirrors broader crypto market momentum, bolstered by steady institutional inflows and renewed interest in altcoins. While no new project-specific developments have driven the rise, heightened activity indicates a growing trader appetite for Hedera (HBAR).

Price action shows consolidation with higher lows, suggesting accumulation within a tightening range. HBAR traded between $0.1701 and $0.1739, slightly outperforming the broader market by 0.41%—a margin consistent with general sentiment trends rather than unique catalysts. Market watchers are closely monitoring the $0.1742 resistance level, which has capped upward movement in recent sessions. A decisive break above it could pave the way toward $0.18, aligning with short-term bullish technical setups.

From a technical perspective, primary support sits at $0.1692, with a volume-weighted base near $0.1601 established during the last retracement phase. The trading structure forms an ascending triangle, characterized by multiple higher lows and steady resistance retests—typically a bullish continuation signal. Current volume dynamics, especially the earlier spike to 223.2 million, reinforce a strong foundation for potential breakout momentum.

Despite the constructive pattern, analysts caution that the recent volume surge may reflect tactical repositioning rather than large-scale accumulation. A failure to sustain above $0.1692 could trigger a retest of the $0.1601 support cluster, potentially resetting bullish sentiment. For now, the $0.17 zone acts as a critical psychological pivot, with traders watching closely for confirmation of upward momentum toward the next target at $0.18.