HBAR Rallies on Robinhood Listing, Analysts Eye Further Upside if Resistance Breaks
Hedera’s native token HBAR surged nearly 12% on Friday to reach $0.2657, outperforming all other top-20 digital assets in daily gains, according to CoinDesk data. The rally followed the announcement that Robinhood had added HBAR to its crypto offerings, opening the door to a broader U.S. retail audience.
The listing sparked a surge in trading activity, with over 713 million tokens traded within a single hour around 12:00 UTC on July 25. That breakout briefly pushed HBAR through the $0.26 resistance level before retreating slightly, though bullish momentum carried into the weekend.
What Makes Hedera Unique?
Unlike traditional blockchains, Hedera leverages a hashgraph consensus model — known for its speed, low cost, and energy efficiency — to support decentralized applications, tokenized assets, and DeFi ecosystems. HBAR is used to pay transaction fees, secure the network through staking, and incentivize participation.
Chart Signals Hint at Higher Targets
Technical analyst ChartNerd highlighted a potential upside scenario, noting that HBAR could enter a strong bullish phase if it manages to break above the $0.35 resistance — a level that aligns with the Supertrend indicator, often used to track trend reversals.
If that level is cleared with conviction, HBAR may enter price discovery, with no prior highs acting as resistance. Using Fibonacci extension levels, ChartNerd suggested targets of $1.26 and even $3.30 in an extended rally scenario.
Key Technical Insights
- Price Action: HBAR climbed from $0.24 to $0.27 in 24 hours ending July 26 at 06:00 UTC.
- Volume Spike: Sharpest gains came midday Friday as volume surged.
- Support & Resistance: Near-term support held at $0.24; immediate resistance is around $0.26–$0.27.
- Next Watch Level: A break and close above $0.27 could pave the way for additional upside.
With fresh exposure on Robinhood, growing retail interest, and favorable technical signals, HBAR could be gearing up for a more significant move — assuming it can clear key resistance levels and broader market sentiment remains constructive.
