Hedera's native token HBAR has surged for six consecutive days, reaching $0.2285 – its highest level since March 27 – marking an 80% recovery from June lows. The rally coincides with significant ecosystem growth: Total Value Locked (TVL) climbed to $215 million from a 2024 low of $151 million, while decentralized exchange volume hit $15.6 million in 24 hours and $80 million weekly. Stablecoin supply on the network jumped to $151 million, approaching its all-time high of $212 million, indicating increased user adoption.
Technical indicators reveal a bullish double-bottom pattern formed at $0.1255, with HBAR now testing the $0.2288 neckline. Analysts project a 45% surge to $0.3327 upon breakout confirmation. The token trades above its 50-day and 100-day EMAs, with rising RSI and MACD reinforcing bullish momentum. Crypto analyst Solberg Invest identifies an ascending triangle pattern targeting $0.40, while trader VipRoseTr outlines resistance levels at $0.27, $0.34, and $0.41. Long-term forecasts suggest potential for $2.25.
Fundamental catalysts include Hedera's participation in the Australian Central Bank's 'Project Acacia' exploring tokenized markets and optimism around potential SEC approval for HBAR ETFs later this year, which could unlock institutional investment.