Hedera (HBAR) surged 8% on July 25 following its Robinhood listing, breaking key resistance and signaling potential gains toward $0.39 as bullish momentum strengthens.
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Robinhood’s addition of HBAR boosts mainstream trading access and investor interest.
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HBAR’s price action shows strong support at $0.192 and resistance near $0.3, indicating a bullish market structure.
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Technical indicators like RSI and OBV confirm sustained buying pressure and room for further upside.
Hedera (HBAR) price jumps 8% after Robinhood listing, showing strong bullish momentum and targeting $0.39. Stay updated with COINOTAG’s latest crypto news.
How Did Robinhood’s Listing Impact Hedera (HBAR) Price?
The Robinhood listing on July 25 triggered an immediate 8.19% price increase for Hedera (HBAR), pushing it above the critical $0.285-$0.3 resistance zone. This move increased HBAR’s visibility among retail investors and expanded its trading accessibility on a major platform. The listing is a key catalyst in the ongoing July uptrend, supporting expectations for further gains.
What Are the Key Support and Resistance Levels for HBAR?
HBAR’s 1-day chart reveals a strong support level at $0.192, which was flipped from resistance earlier in July. The Value Area High at $0.261 serves as a significant price point, with HBAR currently trading just above it. Resistance remains near $0.3, a zone that has historically acted as a supply barrier. A sustained break above this level could open the path to $0.324 and $0.392 targets.
Source: HBAR/USDT on TradingView
What Do Momentum Indicators Suggest About HBAR’s Outlook?
Technical momentum indicators support a bullish outlook for HBAR. The Relative Strength Index (RSI) recently reset from overbought levels to a healthy 65, indicating room for upward movement. The On-Balance Volume (OBV) trend shows steady accumulation, confirming consistent buying pressure. These signals suggest that HBAR’s rally is sustainable unless prices fall below the key support at $0.223.
What Are the Potential Price Targets for HBAR?
If bulls maintain control and push prices above the $0.3 resistance, HBAR could target $0.324 and then $0.392. These levels represent the next supply zones where sellers may emerge. Conversely, a drop below $0.223 would signal weakening momentum and possible retracement.
Frequently Asked Questions
How has Robinhood listing influenced HBAR’s market performance?
The Robinhood listing expanded HBAR’s exposure to retail traders, triggering an 8% price increase and helping the altcoin break key resistance levels, signaling bullish momentum.
What technical indicators support HBAR’s price rally?
Indicators like RSI at 65 and a rising OBV show healthy buying pressure and room for price growth, suggesting the rally could continue in the near term.
Key Takeaways
- Robinhood listing on July 25 boosted HBAR price by 8%, enhancing mainstream trading access.
- Strong support at $0.192 and resistance near $0.3 define current trading range.
- Momentum indicators confirm sustained buying pressure, targeting $0.39 in the near term.
Conclusion
Hedera (HBAR) has demonstrated strong bullish momentum following its Robinhood listing, breaking through key resistance and establishing solid support levels. Technical indicators support further upside potential, with $0.39 as a realistic near-term target. Investors should monitor price action around $0.3 and $0.223 to gauge market strength. COINOTAG will continue providing timely updates on HBAR’s performance and broader crypto market trends.
