HBAR price eyes 30% breakout amid V-shaped recovery

Hedera (HBAR) is showing signs of a potential breakout rally as the price bounces back hard following the bloodbath on Monday. If Hedera’s native token extends the gains, it could see a decent 30% uptick, with charts currently showing the formation of a V-shaped recovery. This comes at a time when the crypto market is […] The post HBAR price eyes 30% breakout amid V-shaped recovery appeared first on CoinJournal.

Apr 8, 2025 - 15:37

HBAR price eyes 30% breakout amid V-shaped recovery

Hedera (HBAR) is showing signs of a potential breakout rally as the price bounces back hard following the bloodbath on Monday.
If Hedera’s native token extends the gains, it could see a decent 30% uptick, with charts currently showing the formation of a V-shaped recovery.
This comes at a time when the crypto market is all over the place, but HBAR seems to be holding its own, catching the eye of buyers.

While Bitcoin and Ethereum continue to hover below key levels, HBAR has recorded notable gains to rank among the top gainers on the day.

The price is up around 16%, sitting near $0.16, with this uptick coming after bulls took some beating as stocks and crypto collapsed amid tariffs headlines.

Hedera’s quick drop and rebound suggest a V-shape – down fast, up faster – recovery.

HBAR price prediction as crypto markets eye recovery

The broader cryptocurrency market has been a mixed bag in recent days, with Bitcoin (BTC) and Ethereum (ETH) experiencing choppy price action.

A lot of this is down to macroeconomic uncertainties and shifting investor sentiment.

Bitcoin, often a bellwether for altcoins like HBAR, has hovered around critical support levels, while altcoins have seen varying degrees of correlation.

Against this backdrop, HBAR’s V-shaped recovery may be one to watch for bulls looking for an opportunity.

On the technical side, the 4-hour RSI, which measures the asset’s overbought or oversold conditions, is at 56, further bolstering the case for a bullish reversal.

*HBAR price on the 4-hour chart by TradingView*

Meanwhile, the token’s volatility over the past 24 hours has been estimated at 24%.

The figure highlights its responsiveness to market movements but also its potential for significant gains.

Analysts point to a potential 30% breakout, which could see HBAR climb to approximately $0.22 from its current level near $0.16.

This projection hinges on the token breaching resistance at $0.18, a critical threshold on the daily chart.

Should this occur, the targets at $0.30 or higher are possible in the coming weeks.

What could help Hedera’s price?

The crypto market’s price outlook remains cautiously optimistic, with factors like anticipated interest rate cuts, potential ETF approvals for altcoins, and enterprise adoption trends influencing sentiment.

HBAR, with its unique Hashgraph consensus mechanism and backing from a governing council featuring giants like Google, IBM, and Boeing, is well-positioned to capitalize on these tailwinds.

The network’s focus on scalability, low-cost transactions (averaging $0.0001), and energy efficiency resonates with growing demand for practical blockchain solutions, potentially driving further adoption and price momentum.

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