- HBAR holds above $0.2289 support as a bullish cup-and-handle pattern forms on the daily chart.
- A breakout above $0.2927 could drive HBAR toward the $0.50 target, marking a 118% gain.
- Parabolic SAR and narrowing MACD suggest bullish momentum is building for HBAR price recovery.
Hedera price pair is showing signs of strength as technical indicators align with a possible price breakout. The bullish price pattern on the daily chart shows a classic cup-and-handle, which evidences the perception of the recovery scenario, with bulls aiming at reaching the $0.50 level. Price action in the current session is trading above the $0.2289 significant support zone.
Technical Pattern and HBAR Price Levels Support Recovery Outlook
HBAR, the native token of Hedera Hashgraph, has now produced a bullish cup-and-handle formation on the daily scale. The trend indicates that the bottom is rounded, and it began in or around December 2024, and another smaller pullback creates a falling wedge. Such a formation is usually indicative of a subsequent period of consolidation with a subsequent break higher.
HBAR price is going at around $0.2412 as at the time of writing. It is also above the support of $0.2289, a level which has held well in the recent sessions.This level also aligns closely with the Parabolic SAR, which currently places dots below the candlesticks. This suggests that the current trend may favor buyers.
The resistance zone to watch is at $0.2927, which marks the rim of the cup. A daily close above this level may confirm a breakout. If the breakout occurs, price projections point to $0.40 as an interim level, with $0.50 being the extended upside target. This would be a 118% movement off the breakout area.
Source: TradingView
The depth of the cup is calculated from $0.1332 to $0.2927, giving a target range near $0.452. However, the chart setup suggests that $0.50 may be reached if the breakout gains momentum. Support remains at $0.2289 and $0.1332. A fall below these would weaken the current outlook.
Meanwhile, the Moving Average Convergence Divergence(MACD) shows that downward momentum is slowing. Although it is currently in a bearish crossover, the histogram is narrowing. If the MACD line crosses back above the signal line, this could confirm renewed bullish pressure.
Traders will be watching for a breakout from the falling wedge that forms the handle. A move above $0.2927 would be key to confirming the next leg. If support holds and buying pressure increases, the path toward the $0.40–$0.50 range may remain open.
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