CaryptosHeadlines Media Has Launched Its Native Token CHT.
Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT.
Join the Airdrop at the official website,
CryptosHeadlinesToken.com
HBAR price has shown strong upward momentum in recent days, pushing its price closer to an important resistance level.
Market analyst JavonTM1 noted that HBAR is now targeting the $0.504 level. This price target represents a potential increase of approximately 144% from its current range.
If the price surpasses $0.504, the next key level to watch is $0.962. Reaching this point would mark an additional 90% price gain beyond the initial target.
The chart shows that volume has also picked up, with large green bars reflecting strong buying interest.
Traders are now watching closely for confirmation of a breakout as HBAR tests resistance levels.
Technical Indicators Support Bullish HBAR Price Setup
On the daily chart, HBAR has formed a Double Bottom pattern, which often signals a potential trend reversal.
This pattern features two notable lows where price rebounds occurred, confirming support at key levels.
The resistance area near $0.19680 is a critical breakout zone. A breach surge past this resistance level is likely to push the price to $0.40000.
Momentum indicators such as RSI and MACD support the bullish case. The RSI currently reads 46.88, just below neutral, but rising. A push above 50 could confirm growing buying strength.
The MACD also shows a bullish crossover, with the MACD line above the signal line and green histogram bars increasing.
This setup aligns with expectations of further upside if price closes above the resistance.
HBAR continues to attract more buying interest because net purchases have increased as shown by the positive CVD indicator.
Furthermore, recent data shows that open interest in HBAR has grown by 5.01% over the last 24 hours, reaching $101.8 million. This increase indicates growing market participation.
As open interest rises in the market it indicates increasing trader confidence. Many traders have set up bullish positions following the rising prices and technical confirmations.
Stablecoin and SWIFT Integration May Boost Long-Term Demand
The general development activities within the Hedera ecosystem receive increasing levels of public focus post-technical analysis.
A new USD stablecoin system known as USD1 operated on the Hedera network can potentially extend the platform’s business applications.
Wachsman revealed the news during HederaCon which took place in Denver.
BitGo serves as the backing organization to guarantee the value of USD1 due to its membership in the governing council as well as its stablecoin infrastructure partnership status.
President Trump’s crypto advisor David Sacks currently offers support to this project.
SWIFT started implementation testing of Hedera blockchain technology as a possible addition to its worldwide payment network systems.
The successful implementation of these trials may make Hedera central to the future financial systems.
HBAR token demand should remain stable because of growing institutional belief in blockchain settlements and new developments on the network.
HBAR price shows increasing momentum as well as heightened investor involvement before stepping into a major phase.
Market traders are monitoring the $0.504 resistance level closely. A successful breakout above this point could lead to a price around the $0.962 range.
