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HBAR rallied 10% to test US$0.08 resistance, buyers showed renewed interest

2026-09-05 12:45:15
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HBAR rebounded strongly by more than 10%, breaking through key resistance levels attracted market attention.

The price of HBAR, the native token of Hedera Hashgraph, rose sharply by more than 10%, hitting US$0.08087. Currently, market analysts are closely observing whether it can effectively break through key resistance levels. The latest round of gains has pushed HBAR into a critical technology area. Technical indicators show that buyers are actively attracting funds in the range of US$0.073 to US$0.08, and the current price is close to the upper boundary of the long-term decline channel.

Weekly level resistance test and bullish divergence signal

Previously, HBAR tested the lower track of its downtrend channel weekly, and then launched a sustained upward trend. Market observers point out that there is a bullish divergence in the chart: that is, the price of HBAR hit a new low, while the momentum indicator reached a higher low. This is often seen as a precursor to a potential trend reversal, or at least a sign that selling pressure is weakening.

Technical analysts compared this with the November 2024 market. At the time, HBAR's value more than quadrupled in two months. Despite this historical reference, the market is cautious about repeating similar gains in the current environment. The highlighted orange areas on the chart are "Fair Value Gaps", which represent trading imbalance points in the past and may become a source of further gains in the coming weeks or constitute strong resistance.

Given that HBAR prices are testing the upper edge of their channel for months, weekly level confirmations rather than short-term price pulses are crucial to verifying the effectiveness of any breakthroughs. The existence of these fair value gaps increases uncertainty about the speed and direction of subsequent increases. Experienced market participants stressed the importance of closely monitoring weekly closing prices to get clearer signals.

Mini Dictionary:
Hedera Hashgraph (HBAR) is a public network for enterprise-level applications designed to provide fast, secure and fair decentralized application services. It is known for its unique consensus mechanism that distinguishes it from traditional blockchain architectures.

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