HBAR Price Targets 0.382 Fibonacci Level as Key Breakout Point

The HBAR price is gaining strong bullish momentum, rising nearly 8% in the past 24 hours to trade at $0.1835.

The HBAR price is showing strong bullish momentum, rising nearly 8% in the past 24 hours to trade at $0.1835. The rally follows heightened investor interest, increasing open interest in futures markets, and encouraging signals on the Hedera price chart.

As bulls aim for a key breakout above the 0.382 Fibonacci resistance level, excitement is building over what could be a defining moment for HBAR. Can this bullish surge continue, or will resistance push it back down? Let’s dive into the details behind this rally.

HBAR Bulls Target 0.382 Fibonacci Level as Key Breakout Point

The HBAR price has found strong support after bouncing off the 0.236 Fibonacci retracement, with focus now shifting to the 0.382 Fibonacci resistance level. A successful breakout above this critical point would confirm the positive momentum and signal the potential end of the long-term downtrend on the Hedera price chart.

Chart 1 – HBAR/USDT price, provided by Newstar0107, published on TradingView, April 22, 2025.

According to technical analyst CW8900, a confirmed breakout could pave the way for HBAR to target the 1.618 Fibonacci extension, which historically indicates explosive price growth. Additionally, strong support around the $7.75 billion market cap level further bolsters the bullish outlook for HBAR in the near term.

HBAR Bulls Have No Plans to Slow Down

Chart Reversal Meets Utility: Why HBAR’s Rally Has Room to Run

HBAR bulls are not just relying on chart patterns, with market fundamentals also playing a significant role. According to Gilmore_Estates, the price action holding above the $7.75 billion market cap shows the resilience of HBAR.

Analysts estimate that HBAR could eventually reach a market cap of $22.42 billion, marking a projected 450% increase from current levels.

Chart 2 – HBAR market cap, published on X, April 22, 2025.

The Hedera price chart shows the token is now testing the upper bounds of a long-term descending trendline. A confirmed break above this barrier could signify the end of HBAR’s prolonged bearish phase.

Meanwhile, open interest in perpetual contracts for HBAR stands at $71.7 million, reinforcing the notion that more traders are entering long positions. The Long-to-Short ratio and the OI-weighted funding rate from Coinglass have both flipped positive, suggesting increased confidence in future price gains.

Chart 3 – HBAR OI-Weighted Funding Rate, published by Coinglass, April 23, 2025.

Institutions are also taking notice of HBAR’s potential. With IBM, Google, and Dell among those leveraging the Hedera network for enterprise-grade applications, the demand for HBAR is expected to rise.

Furthermore, HBAR’s support for AI, IoT, and Web3 solutions positions it as a strong contender in blockchain technology. These fundamentals are backing the current technical setup, giving bulls a clear advantage if HBAR price resistance levels are breached.

Will HBAR Price Break out Above Resistance: HBAR Price Poised for Potential Surge or Consolidation

Looking forward, the question “Will HBAR price break out above resistance?” looms large.

If bulls succeed in clearing the 0.382 Fibonacci resistance, the HBAR price could rapidly accelerate toward $0.25 and beyond. However, failure to do so might prompt consolidation around $0.17–$0.18.

Either way, the HBAR bulls have made it clear they are not backing down, and the next few sessions could be pivotal.