Hedera (HBAR) Reaches a Critical Juncture, Currently Trading at $0.1703 After an 8% Surge

Despite the recent price increase, bearish signals persist on the charts. The Relative Strength Index (RSI) sits at 35, indicating oversold conditions

Hedera (HBAR) is at a critical juncture, currently trading at $0.1703 after an 8% surge in the past 24 hours. While the price action appears promising, technical indicators suggest that the market is at a turning point.

Traders are closely watching whether HBAR can maintain its momentum or face a potential correction.

HBAR Key Resistance and Support Levels

Despite the recent price increase, bearish signals persist on the charts. The Relative Strength Index (RSI) sits at 35, indicating oversold conditions, while the MACD remains negative, suggesting that bearish momentum is still in play.

The token faces a key resistance level at $0.20, a breakout above could propel the token to the next round of resistance at $0.25. In terms of support, crucially, traders need to keep an eye on the $0.15 mark.

Two possible scenarios could unfold: If the token manages to bounce off the $0.15 support, it could regain some lost ground and move 15% up towards resistance at $0.20.

Alternatively, a breakdown below $0.15 could test the next support at $0.13. With overall sentiment neutral, traders might want to wait for volume confirmation to decide which direction the market is likely to take next.

Institutional Backing & Growing Market Sentiment

One of the biggest factors driving optimism around HBAR is its institutional support.

Backed by tech giants IBM and Google, Hedera is preparing to launch an institutional private blockchain in Q3 2025. This development could significantly enhance its credibility and drive wider adoption.

Additionally, social sentiment remains largely bullish, with HBAR’s community showing strong support. Market discussions are heating up further fueled by the announcement of new tech partnerships and ecosystem expansion.

Crypto commentator "Alva" expressed confidence in HBAR’s potential and hinted at a possible rally

Further fueling this narrative, traders noted that HBAR’s market cap has climbed slightly from $6.77 billion to $6.92 billion, showcasing a shift in investor interest.

Traders should keep an eye on the $0.1968 resistance, a breakout above this level could signal a strong bullish run.

Will HBAR Soar or Struggle?

With strong institutional backing, growing social sentiment, and a critical price level approaching, the token is at a make-or-break moment.

If it manages to break through key resistance levels and maintain the support, a significant rally could be in sight.

However, failure to hold support could lead to further downside as traders might prefer to exit their positions.

For now, the market remains in wait-and-see mode, with traders monitoring volume and technical confirmations. HBAR’s next move could set the tone for its short-term trajectory, will it break out or break down?