Hedera’s HBAR token recorded an 8% price surge following its recent listing on trading platform Robinhood, breaking through a key resistance zone between $0.285 and $0.3. The integration significantly enhances the cryptocurrency’s visibility and accessibility among retail traders, catalyzing trading volume and market interest.
Technical indicators now reveal constructive signals for HBAR, with the Relative Strength Index (RSI) holding at 65 alongside rising On-Balance Volume (OBV) – both suggesting sustained accumulation pressure. Crucial support rests at $0.261 (Value Area High) and the pivotal $0.192 level, which transformed from former resistance into solid support.
The token faces immediate resistance near the $0.3 threshold. A decisive breakout above this barrier could propel prices toward subsequent targets at $0.324 and $0.392. However, analysts note that a dip below $0.223 might indicate fading bullish momentum.
Market observers attribute this renewed strength to Robinhood’s mainstream reach, providing millions of users streamlined access to Hedera’s enterprise-grade blockchain solutions.