Key Takeaways

HBAR surged 23% in 24 hours, breaking key resistance amid bullish sentiment, rising open interest, and $12.77 million exchange inflows. Analysts predict a 30% rally toward $0.37, with $0.504 as the target.

Amid the ongoing bull run, Hedera [HBAR], has paved the way for a significant price surge with its impressive performance.

According to CoinMarketCap, the asset has recorded a price increase of over 23% in the past 24 hours and has broken through a key level that previously constrained the HBAR rally.

Market sentiment and HBAR price prediction

At present, the sentiment around HBAR appears bullish, and several bold predictions have emerged following the breakout.

On the 18th of July 2025, a well-followed crypto expert shared a post on X (formerly Twitter), stating that the asset continues to push with monumental strength and appears to be on track to reach the $0.504 target.

Not only that, numerous moves have been spotted on X, hinting at rising interest among investors as well as analysts in the asset, driven by its bullish potential amid the ongoing bull run.

Current price momentum

At press time, HBAR stood strong at $0.2844, with its price climbing over 23% in the past 24 hours.

During this period, trader and analyst participation have skyrocketed, likely driven by the recent breakout above the resistance level and a drop in Bitcoin dominance, resulting in a 152% surge in trading volume compared to the previous day.

HBAR technical analysis and key levels to watch 

According to expert technical analysis, HBAR’s breakout follows a period of solid consolidation, a bullish signal that often precedes sustained upward moves.

The token has now broken through a key resistance level, which had previously capped its price for months. 

This breakout opens the door for a potential large-scale rally, especially if momentum continues and volume remains strong.

Source: TradingView

Based on recent price action and historical momentum, HBAR could experience significant upward movement following this breakout.

If the momentum continues, there is a strong possibility that the asset could surge by 30% and reach the $0.37 level soon.

However, the asset’s Relative Strength Index (RSI)  stood at 85, at press time, indicating that it is in an overbought and overstretched zone.

Additionally, there is a possibility of a potential correction, sideways movement, or a price drop before the upside momentum resumes.

On-chain and derivatives signals

Given the current market sentiment, investors appear to be offloading their holdings for profit-taking, as reported by the on-chain analytics firm CoinGlass.

Data from CoinGlass reveals that, over the past 48 hours, exchanges have seen an inflow of $12.77 million worth of HBAR.

This influx of assets into exchanges hints at a potential sell-off and raises questions about the ideal timing for profit booking.

Source: CoinGlass

As of writing, HBAR’s Open Interest (OI) surged by 22% to an all-time high of $527 million, indicating a significant increase in capital inflow into the asset.