HBAR is gaining momentum as it moves in step with the broader crypto market. The token trades at $0,1737 after rising 1% over the past 24 hours, approaching a key resistance at $0,177. A confident breakout above this zone could clear the way toward $0,200 and potentially mark the start of a stronger upward phase.

Indicators Confirm Positive Momentum

Technical signals are shifting in favor of buyers. RSI is heading toward 70 but hasn’t yet crossed into overbought territory. MACD has made a bullish crossover, and trading volume has increased during the recent move–often a sign of growing confidence. These elements suggest the current trend has strength to continue, especially if price closes above the nearby resistance.

Weekly Pattern Sets Multi-Level Targets

On the weekly chart, analysts point to a breakout from a falling wedge–a pattern known for signaling trend reversals. HBAR has moved beyond the upper boundary of this formation after finding support in a demand zone. The move reinforces the argument for further upside.

Following the breakout, price objectives include $0,356, $0,495, and $0,592. These levels reflect areas of past resistance where previous rallies faced difficulty. In the short term, a break above $0,177 may quickly lead to a test of $0,197 and $0,200. If momentum remains intact, HBAR could see continued growth over the coming weeks.

In the meantime, BTC Reclaims $87,000–Breakout Signals Return of Bullish Momentum