Hedera (HBAR) Is Poised For A Reversal Rally

Hedera (HBAR) has recently experienced a challenging month, with its price suffering a significant downtrend. The altcoin saw substantial losses, leaving investors concerned about its future.

Hedera (HBAR) has had a difficult month, with its price going down steadily. The altcoin lost a large portion of its value, leaving investors worried about what will happen next.

However, a key part of the market changed recently, hinting that HBAR might see a reversal rally in March 2025.

HBAR Is Back In The Bullish Zone

For the first time since late January, the relative strength index (RSI) for HBAR has entered the bullish zone, showing a shift in how people feel about the token.

This is a big step for the token, as it shows that bullish momentum is increasing. The RSI suggests that the recent downtrend might be over, and the altcoin could continue moving up as the broader market conditions get better.

People are also becoming more interested in the token, which is being driven by this change in the RSI. As HBAR goes into the bullish zone, it's likely to attract attention from both individual investors and institutions. This shift in interest can help push the price up.

The Bollinger Bands for HBAR have also shown a squeeze recently, signaling that volatility might increase quickly. This pattern often happens before significant changes in price, and in this case, the volatility helped the altcoin recover.

The candlesticks were positioned below the basis line during the squeeze, which in the past has indicated a bullish breakout.

Now that volatility is on HBAR’s side, the token is in a good position to see an increase in the coming weeks. As the price moves out of the tight range, the potential for strong upward movement grows.

HBAR Has A Lot To Look Forward To

HBAR’s price is currently up 16.8% over the last 24 hours, having moved above its previous downtrend. This move has pushed the altcoin above the $0.22 support level, setting the stage for a potential continued uptrend.

The next target for HBAR is to recover the losses from mid-January to mid-February. To do so, the altcoin would need to flip $0.27 into a strong support level, which would allow it to continue its rise toward $0.37.

This move would represent a 60% increase in price, significantly benefiting early investors.

However, if HBAR fails to break past $0.27, it may find itself consolidating within the $0.27 to $0.25 range, or even between $0.25 and $0.22. Both of these support levels have been tested before, and failure to break past $0.27 would invalidate the bullish outlook for the altcoin.