📈 Market Snapshot
HBAR is currently trading around $0.161, up ~2% intraday and approximately 11% higher over the past week.. With a 24-hour volume near $180 million, interest in the token has surged following its inclusion in a major index fund.
📰 Today’s Key Headlines
-
HBAR added to Grayscale Smart Contract Platform Fund, replacing DOT — now holds a 5.8% allocation within the fund.
-
Price breakout above 50‑period SMA maintains bullish posture; resistance now tests $0.161–$0.162.
-
RSI bullish divergence spotted, hinting at upward reversal—yet caution advised due to mixed ecosystem development trends.
🧰 Technical Analysis
Support & Resistance
-
Support levels: $0.154–$0.156 (50–200‑day EMAs), followed by strong support near $0.145 per Coindcx models.
-
Resistance: Short-term ceiling at $0.161–$0.162, next target resistance at $0.175 .
Indicators & Patterns
-
Moving Averages: Price remains above the 50-period SMA—bullish sign.
-
RSI (~54) shows bullish divergence (higher lows despite downward price trend).
-
MACD & ADX: MACD is in positive crossover and ADX (~40) signals a trending market; Investing.com rates HBAR a Strong Buy on hourly/daily charts, though weekly trend remains.
🔮 Outlook & Scenarios
✅ Bull Case
If HBAR sustains a breakout above $0.162 with volume, it could aim for $0.175, and potentially test $0.19–$0.21, matching Fibonacci resistance zones.
⚠️ Bear Case
Failure to hold above $0.154 may lead to a retest of $0.145. A breakdown below this level could retract momentum and shift bearish bias toward ~$0.13.
📌 Final Take
Hedera’s inclusion in the Grayscale Smart Contract Fund has reignited price momentum, bolstered by bullish technical indicators and strong money flow. A breakout above $0.162 could unlock a bullish run toward $0.175+, but slipping below $0.154 would threaten the rally. Traders should monitor volume and momentum closely in the next sessions.
