Key Insights :
- HBAR breaks a 2-year downtrend with monthly closes above the $0.10 level.
- Coinglass data showed rising longs and $2.8M in short liquidations.
- Analyst expects $1 HBAR by 2025 as sentiment and volume grow.
Hedera price is back on the radar after flipping its multi-year downtrend, with momentum shifting aggressively to the upside. HBAR has posted a bullish monthly candle for the first time in years.
This resurgence has renewed optimism for its potential to reach the $1 mark. While macro uncertainty tied to ETF delays looms, traders are positioning early. The on-chain signals suggest the move may be just getting started.
Hedera Price Flipped Bear Market Structure
According to a monthly chart shared by X Finance Bull, Hedera price has broken out of a two-year bear market. Hedera’s latest candle signals strong bullish momentum as it closes above the $0.10 psychological level.
This marks the first time since early 2023 that the asset has reached this milestone, reinforcing optimism in the market. This move confirms a trend reversal on the monthly time frame, a setup that typically precedes sustained rallies in high-beta Layer 1 tokens.
At the time of writing, the HBAR price traded at $0.117. Immediate resistance nears $0.21, with the primary psychological target at $1 continuing to gain traction among traders and analysts alike.
The chart suggests a possible climb to the $0.30–$0.40 range in the medium term. If macro conditions support momentum, a full extension move could push the price toward the $0.60–$1 zone.
Coinglass On-Chain Data Backs Up Bullish Bias
Coinglass liquidation data showed a sharp reduction in open interest shorts on HBAR pairs across major derivatives platforms. In the past week, short liquidations reached $2.8 million, reflecting considerable market movement.
Meanwhile, long open interest surged by 14%, indicating renewed bullish sentiment and positioning among traders. Funding rates on Bybit and Binance have flipped positive, indicating leverage is flowing back to the long side.
Trading volume on HBAR has also spiked 23% week-over-week across spot and perp markets. The long/short ratio stands at 1.72, suggesting bullish dominance for the Hedera price.
These metrics confirmed what the chart structure implied. HBAR is in accumulation and early breakout mode, with investors rotating into positions ahead of further upside.
Meanwhile, on-chain flows tracked through exchange wallets showed net outflows of over 58 million HBAR tokens in the last 48 hours. This reinforced the view that whales pull assets off exchanges and prepare for a longer-term play.
Technical Indicators Align for Bullish Breakout
Interestingly, the HBAR price shows strong continuation signals. The monthly RSI has reclaimed the 50 mark, a level it hasn’t crossed since the 2021 bull cycle. At the same time, MACD on the 1M is curving upward with a potential bullish cross set to confirm by month’s end.
On the 3D chart, a bullish engulfing candle just closed above the 200 EMA, supported by rising OBV and expanding Bollinger Bands. These indicators suggest volatility is about to grow, with bias favoring the upside.
HBAR has broken out from a cup-and-handle pattern on the weekly chart. The neckline at $0.10 now serves as a strong support level.
A successful retest followed by a higher high could confirm the bullish setup. This could drive the Hedera price toward the $0.20–$0.25 range.
ETF Delay Clouds Short-Term Hedera Price Prediction
Despite the momentum shift, the SEC’s delay on Grayscale’s HBAR ETF proposal adds a short-term overhang. The decision has been pushed to October 8, slowing the pace of institutional inflows.
Bloomberg Intelligence still gave HBAR’s ETF an 80% approval probability by 2025, but the delay tempers immediate upside.
In the near term, ETF uncertainty could cap gains around the $0.21 resistance unless broader market sentiment turns risk-on. However, if approval comes through before year-end, the Hedera price prediction for $1 by late 2025 becomes far more achievable.
HBAR price has flipped structure, bulls are bidding, and the tape is confirmed. If it stays above $0.10 and ETF flows hit in Q4, a $1 move may be inevitable, and fast.