Hedera Hashgraph shows renewed bullish momentum as analysts like Waleed Ahmed and Butterfly highlight potential breakout patterns.

Trading near $0.18 after a 5.66% daily gain, HBAR’s charts suggest a possible rally toward $1.50. Strengthening volume, consistently higher lows, and rising market interest point to a potential long-term reversal for the altcoin.

HBAR Gains Momentum After Weeks of Consolidation

Hedera Hashgraph recorded a 5.66% price gain over the past 24 hours, trading near $0.18 at press time. The price rebound follows a brief consolidation phase that saw the token recover from the previous session’s low of $0.16. Market data shows that trading activity increased during the mid-session, helping the asset climb above $0.17 before stabilizing around the $0.175 mark.

HBARUSD 24-Hr Chart | Source: BraveNewCoin

Trading volume also grew significantly, reaching approximately $395 million within the same period. The rise in activity suggests that buyers are regaining control after weeks of reduced participation. This price movement mirrors a broader recovery trend in altcoins, which have benefited from renewed investor confidence and improved liquidity across exchanges.

Analysts Project a Possible Breakout Toward $1.50

Analyst Waleed Ahmed shared a long-term weekly chart, illustrating an upward projection toward $1.50. While presented humorously with the caption “Hello mom, my random arrows are working,” the chart outlines a steep potential rally following an extended consolidation phase. According to the chart, the projected path reflects the asset’s cyclical tendency to form accumulation zones before major trend shifts.

HBARUSD Chart | Source:x

The chart also indicates that a confirmed breakout above $0.30 could accelerate bullish momentum toward $0.70 and beyond. This projection aligns with the asset’s prior cycle highs observed in 2021. Ahmed’s depiction, though playful in tone, points to a possible return of strong market participation if the asset maintains stability above key support areas.

Technical Indicators Reflect Improving Market Structure

From a technical standpoint, the token’s price structure shows encouraging signs of recovery. The token has been forming higher lows since mid-year, suggesting a gradual strengthening of its bullish base. The resistance near $0.20 remains the immediate barrier to watch, as a daily close above this level could validate the start of a mid-term uptrend.

Market participants continue to monitor volume dynamics, as sustained inflows would confirm broader market interest. Although momentum cooled slightly after the initial price spike, maintaining support above $0.17 would preserve the ongoing upward bias. A breakdown below this level could expose it to a short-term retracement toward $0.155, marking the next key support zone.

Pattern Reversal and Long-Term Outlook

Analyst Butterfly observed that the altcoin is bouncing off the lower boundary of a descending channel on the 2-day chart, forming what appears to be a textbook reversal pattern. This level has previously acted as a major accumulation area, signaling a shift from selling exhaustion to renewed buying activity. Increased trading volume around this region strengthens the case for a potential short-term rally.

HBARUSD Chart | Source:x

If momentum persists, the coin could target the upper boundary of the descending channel near $1.20 — a projected 200% gain from current levels. The setup remains technically valid as long as it holds above its lower trendline and continues forming higher lows. With improving sentiment and rising market capitalization of $7.43 billion, analysts view this rebound as an early stage of what could become a broader recovery phase for Hedera Hashgraph.