
HBAR Jumps 12% After Robinhood Listing, Eyes Breakout Above $0.27
Hedera’s HBAR token surged nearly 12% on Friday, becoming the top daily gainer among the top 20 cryptocurrencies, following its debut on Robinhood’s crypto trading platform. The listing has significantly boosted retail access to the token, fueling a wave of momentum and heightened trading activity.
According to CoinDesk data, HBAR hit an intraday high of $0.2657, supported by a spike in volume that saw over 713 million tokens change hands in a single hour around 12:00 UTC on July 25. The move broke short-term resistance at $0.26, though the token briefly pulled back, suggesting the level may serve as a near-term ceiling.
Unique Value Proposition
Hedera operates on a hashgraph consensus mechanism, which enables fast, secure, and low-cost transactions at scale — distinguishing it from conventional blockchains. HBAR is used for paying transaction fees, staking, and incentivizing network nodes. Its energy-efficient design and enterprise-grade features have drawn increased attention from developers and institutions alike.
Analysts See Further Upside
Technical analyst ChartNerd noted that HBAR may be gearing up for a larger breakout if it can close above $0.35, a key resistance area aligned with the Supertrend indicator. A successful push beyond that threshold could trigger a price discovery phase, where prior price ceilings no longer limit further gains.
Using Fibonacci extension tools, the analyst pointed to potential upside targets of $1.26 and possibly $3.30, should momentum persist and the broader crypto market remain supportive.
Technical Overview
- 24H Performance: HBAR climbed from $0.24 to $0.27, up nearly 12% by July 26 at 06:00 UTC.
- Volume Surge: A midday spike on Friday broke the $0.26 barrier.
- Support Zone: Price found steady support around $0.24, with clear upward momentum.
- Watch Levels: A breakout above $0.27 could set the stage for additional upside into the weekend.
With renewed retail access, bullish technical signals, and a unique underlying protocol, HBAR is entering a critical phase — and traders are watching closely to see if the rally has more room to run.
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