HBAR Jumps 12% After Robinhood Listing, Eyes Higher Targets Amid Bullish Momentum
Hedera’s native token HBAR surged nearly 12% on Friday to reach $0.2657, outperforming all other top-20 cryptocurrencies by daily gains, according to CoinDesk data. The move followed Robinhood’s addition of HBAR to its crypto trading platform, opening up access to a wider U.S. retail investor base.
The announcement triggered a wave of buying, with trading volumes spiking significantly. Around 12:00 UTC on July 25, HBAR broke above $0.26 as over 713 million tokens traded hands in just one hour. While the token pulled back slightly after hitting that level, it maintained upward momentum heading into the weekend.
Unique Tech, Growing Ecosystem
HBAR runs on Hedera’s hashgraph consensus model, offering high-throughput, low-cost, and eco-friendly transactions. The network supports a broad range of use cases, including NFTs, DeFi, and enterprise applications, making HBAR a utility-driven token with real-world integrations.
Analysts See Upside Potential
Crypto analyst ChartNerd highlighted a potential breakout scenario if HBAR clears the $0.35 resistance zone. That level coincides with the Supertrend indicator, a widely used technical tool for identifying trend reversals. A strong close above that mark could trigger price discovery, with Fibonacci levels pointing toward $1.26 and possibly $3.30 in a bullish scenario.
“A breakout above $0.35 could shift the trend decisively,” ChartNerd said.
Technical Overview
- Daily Gain: Nearly 12% jump from $0.24 to $0.27 (24-hour period ending July 26, 06:00 UTC)
- Volume Spike: Sharpest move occurred midday Friday with high buying pressure
- Key Levels: Support around $0.24; resistance now at $0.26–$0.27
- Next Watch Zone: A close above $0.27 may signal continuation toward higher targets
Outlook
While market conditions remain fluid, HBAR’s strong technical setup, Robinhood listing, and institutional interest could drive continued gains — especially if key resistance levels are breached in the coming sessions.
