Hedera Hashgraph’s native token HBAR has climbed to a five-month peak above the $0.30 threshold, driven by a bullish Moving Average Convergence Divergence (MACD) crossover signaling robust upward momentum. This technical breakthrough reflects strengthening market confidence and capital inflow into the asset.
Critical technical levels now dictate HBAR’s trajectory: Sustaining $0.30 as support could propel prices toward $0.32, whereas failure to hold this level risks a retreat toward $0.27. A decisive break below $0.27 could trigger further downside toward the $0.24 support zone, according to market analysts.
HBAR maintains a moderate 0.72 correlation with Bitcoin, indicating partial dependence on BTC’s broader market movements while preserving some independent price action. While the MACD currently favors continued HBAR upside, analysts caution that a strong Bitcoin rally might overshadow its individual momentum.
The token’s near-term prospects hinge on Bitcoin’s performance and its ability to defend critical support levels. Market participants are closely monitoring these technical thresholds alongside BTC-linked volatility for directional cues.