According to COINDESK data, Hedera’s Habar Token increased by about 12% on Friday, climbing to $ 0.2657 and improved every other top -20 cryptocurrency from daily percentage profit. The rally followed one Announcement By the popular trading platform Robinhood that it added support to the property, leading to an increase in contact with the wider base of American retail investors.
The listing sent the Hbar trading volume more rapidly, with mid-day brakeouts around 12:00 UTC on 25 July, extending prices through a $ 0.26 mark between more than 713 million tokens traded in the same hour. That step installed $ 0.26 zone as a near-term resistance, although the token continued to show strong speeds in Saturday.
Hadera, unlike traditional blockchain, works on a unique hashgraph unanimous model that allows for high speed, low -cost transactions. It is designed to support decentralized applications, NFT and DEFI, and is widely known for its energy efficiency. The native tokens of the network, HBAR, are used to pay for network services, stake for security and node participation.
An analyst believes that Habbers may have more space to run.
On Friday, Crypto analyst Chartaneard stated on X that Haber could be established for a major step – but only if it cleanses a major technical barrier. In particular, he pointed to a resistance level near $ 0.35, which he aligns with something called the supertland indicator – a commonly used tool that helps traders to identify when a property can switch into an uptrend from downtrend.
According to Chartnerd, if Hbar can close above that level with strong motion, the token can enter the trader called “price search” – a phase where there are no former higher to act as obstacles. He cited Fibonacci extension levels, which are often used to estimate future price goals during strong uptrends, suggesting that the HBAR may potentially increase to $ 1.26 or even $ 3.30 in a rapid scenario.
Technical analysis highlights
- According to the technical analysis data model of Coindesk Research, HBAR increased from $ 0.24 to $ 0.27 to nearly 12% in a day of 24-hour on July 26, 06:00.
- The fastest step took place around Friday afternoon, when a large spike in the trading volume pushed prices above $ 0.26.
- After killing that level, the token summarizes back, suggesting that $ 0.26 could serve as a short -term roof.
- Support organized a firm around $ 0.24, with a day -long continuous activity building and creating a clear upward trend.
- Traders are now looking for a possible step above $ 0.27, which can indicate further benefits in the weekend.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
