HBAR Tests Key Resistance as Falling Wedge Breakout Attempt Develops

2 hour ago 2 sources neutral

Key takeaways:

  • Falling wedge hints bullish reversal, yet failed resistance tests suggest insufficient buying pressure for breakout.
  • HBAR's 80% drawdown leaves heavy overhead supply, capping upside despite textbook bullish chart patterns.
  • Volume confirmation at $0.086 is critical; low-volume wedge breakouts historically reverse quickly.

Hedera’s HBAR token is trading at a critical technical juncture, according to multiple chart analyses published on August 23, 2026. Crypto With Gopal’s long-term chart shows HBAR inside a falling wedge formation, built through a sequence of lower highs and lower lows since the last market peak. The upper trendline has repeatedly capped recovery attempts, while the lower boundary has acted as a buying zone during dips. A decisive move above the wedge’s upper margin would require strong buying volume, with the $0.10–$0.12 range highlighted as key resistance. If a breakout materializes, projected upside targets are around $0.13 and then $0.38, though HBAR remains more than 80% below its September 2021 all-time high near $0.57.

A separate chart from CW tracks HBAR testing a major resistance line after a prolonged downtrend and gradual consolidation. The token has been trending northward toward that horizontal level, with selling pressure easing relative to earlier phases. Analysts note that a sustained push above the descending trendline could confirm a short-term trend reversal, but the resistance zone has rejected previous recovery attempts.

BraveNewCoin market data shows HBAR trading at $0.07607, down 1.70% over 24 hours. The daily range spans from a low of $0.07598 to a high of $0.08672. Hedera’s market capitalization stands at $3.33 billion, with 24-hour trading volume of $237.57 million and a circulating supply of 43.83 billion HBAR. Traders are observing $0.076 as nearby support, while $0.086 serves as near-term resistance after the intraday pullback from higher levels.

Previously on the topic:
Aug 20, 2026, 6:54 a.m.
HYPE Surges 20% as Hyperliquid Moves Toward Regulated US Entry
Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.