The post Hedera Price Prediction Eyes Breakout Above $0.161 as Bulls Target Rally appeared on BitcoinEthereumNews.com.

Hedera (HBAR) price is showing signs of regaining upward momentum after reclaiming a key support range in early July. The asset’s price action, alongside technical structure and sentiment data, indicates growing bullish interest above the $0.154–$0.156 zone. With resistance levels narrowing near $0.161, market participants are now watching for a potential breakout that could open the door to further upside targets around $0.172 and beyond. HBAR Price Structure Signals Continuation Toward Upper Targets Recent short-term chart analysis from prominent trader Toji (@TradeToji) outlines a bullish continuation pattern in HBAR’s movement. The asset has recovered above a previously contested demand area between $0.154 and $0.156. This zone, marked by earlier accumulation and price rejection, has once again served as a springboard for higher lows. After clearing a minor resistance, the breakout has aligned with a classic higher-low setup and a bullish flag structure. Source: Chart by @Tradertoji X Toji’s projection suggests that a pullback to the breakout region is likely before a renewed push toward $0.1724. This target corresponds to the 0.5 Fibonacci retracement level and coincides with a mid-June resistance level, adding technical relevance to the prediction. The chart also reflects a V-shaped recovery from sub-$0.14 lows in late June. If HBAR sustains above the green zone with rising volume, the pattern could support a gain of over 11%. Any break below $0.154, however, would invalidate the bullish thesis and reset the short-term outlook. Resistance Nears As Price Tests Short-Term Breakout Recent price action on the 1-hour timeframe has followed a cyclical trend of alternating rallies and corrections. Another analyst identified this trend through marked uptrend and downtrend zones since late June. Following its latest bounce from $0.15616, HBAR is attempting to sustain a bullish structure as it approaches local resistance at $0.16159. The formation of a narrow consolidation channel…

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Filed under: News - @ July 9, 2025 3:28 am