Hedera Cryptois is showing renewed strength after a sharp market-wide selloff, with price action consolidating in a bullish pattern that hints at an impending breakout.

Analysts are now eyeing a recovery phase that could carry the coin toward the $0.21 region if momentum continues to build. On-chain and technical data collectively suggest that the token may have reached a local bottom, setting the stage for a measured rebound in the sessions ahead.

HBAR Forms Symmetrical Triangle as Buyers Return

An analyst shared a technical setup for Hedera that outlines a recovery structure forming after heavy market-wide liquidations earlier this month. The token trades around $0.179, having rebounded from mid-October lows of $0.155.

The price structure shows a symmetrical triangle pattern, a consolidation phase often preceding major breakouts. The tightening range between higher lows and lower highs implies that buyers are gradually regaining control, especially as the broader crypto sentiment stabilizes following recent volatility.

Source: X

The coin is currently testing the upper boundary of the triangle, supported by increasing buy-side volume. Sustained movement above the $0.185–$0.19 resistance band could confirm a breakout and extend momentum toward $0.21, a region aligned with the 61.8% Fibonacci retracement from its prior decline. This area also marks a significant historical resistance level, strengthening its importance as a bullish target. However, if the price fails to close above the pattern, a short-term retracement to $0.17 remains possible before another upward attempt.

Market Data Reflects Rising Confidence

According to BraveNewCoin, Hedera is priced at $0.18, marking a 4.22% increase in the past 24 hours, with a market capitalization of $7.72 billion and a daily trading volume of $178.6 million. Ranked 29th by market cap, the crypto’s trading activity has shown consistent growth as liquidity flows back into altcoins recovering from the October sell-off.

Source: BraveNewCoin

The daily chart indicates steady buying pressure, as the price gradually trends upward between $0.172 and $0.184. Volume movement mirrors this slow yet constructive recovery, supporting the argument that accumulation is underway rather than short-term speculative activity. Analysts point out that such stability following a deep market correction often serves as a foundation for trend reversals, provided macro market conditions remain supportive.

Technical Indicators Signal Momentum Shift

At the time of writing, Hedera’s market cap sits near $7.67 billion, rebounding from a quarterly high of $12.9 billion. TradingView data highlights a gradual improvement in market sentiment as smaller green candles begin to dominate, reflecting renewed accumulation among holders.

Source: TradingView

The Relative Strength Index (RSI) currently reads 46.25, having risen above its RSI-based moving average at 38.55. This upward crossover from oversold conditions signals improving momentum, though RSI remains below the neutral 50 mark — a sign that the trend is still developing. Continued movement toward the 55–60 range would confirm stronger buyer conviction and potentially precede a broader market recovery.

Meanwhile, the MACD indicator supports a cautiously bullish outlook. Despite the MACD line staying below zero at –423.77M, the histogram has flipped positive to 96.57M, indicating diminishing bearish strength and the start of a bullish crossover. Together, these signals point to the asset entering a constructive recovery phase, with potential for gradual upside continuation toward the $0.21 resistance if broader sentiment remains steady.