Hedera Holds Key Trendline as HBAR Price Eyes $0.31 Breakout

TLDR:

• HBAR price retests its ascending trendline with $0.245–$0.250 support, defining the short-term battle zone.
• HBAR’s 24-hour volume jumps 13.50%, signaling heavy activity at critical support levels.
• Robinhood listing boosts Hedera’s visibility, drawing new retail interest into the market.
• A confirmed bounce could push $HBAR toward $0.31, with long-term targets near $0.50 and even $1.

Hedera’s price is testing one of its strongest technical supports. Traders are watching the ascending trendline that has held for months. 

A bounce from this zone could set the stage for a move toward $0.31 and higher. The market is showing heavy activity, and interest in Hedera keeps growing. Investors now want to know if this level will hold or finally break.

HBAR Price Holds Near Long-Term Support

Crypto analyst Kamran Asghar pointed out that HBAR is retesting a major trendline on the daily chart. The price trades around $0.2437, sitting just above that key level. He noted that a successful hold could push Hedera toward a new rally.

HBAR price on CoinGecko

Recent trading data shows that Hedera’s price fell 5.25% in 24 hours and 4.02% over the past week. However, its 24-hour trading volume jumped 13.50% to $698 million, signaling growing activity around the support zone.

Asghar explained that a bounce from this area could trigger a run toward $0.31 or more. If the trendline fails, price targets shift down toward $0.23 and even $0.21. These levels could act as new support if sellers take control.

The $0.245–$0.250 range now defines the key battleground for bulls and bears. A clear reaction here may determine Hedera’s short-term direction.

$HBAR is retesting a key long-term ascending trendline on the Daily timeframe! 🌍

The current price is approximately $0.2489. This is a crucial moment for Hedera, as a successful bounce from this trendline could confirm a strong bullish continuation, targeting $0.31+. 🚀

Keep… pic.twitter.com/Eyfg3ulxlI

— 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫 (@Karman_1s) August 1, 2025

Hedera Market Sentiment

Meanwhile, X user Casey Morgan highlighted Hedera’s sharp rebound from $0.20 since early July. She noted that the Robinhood listing sparked a 13% surge, opening the door to millions of new traders.

Morgan pointed out Hedera’s strong fundamentals, including its 10,000 transactions per second capacity and its enterprise partnerships with firms like Google and IBM. She also mentioned a growing interest in DeFi and real-world asset integration through Thrive Protocol.

If you’re ignoring $HBAR right now, you’re missing one of the cleanest setups in the market.

Price dipped to the $0.20 zone, historically the bounce level for HBAR and surprise, it’s already rebounded over 60% since early July.

And then came the Robinhood listing?

Boom,… pic.twitter.com/mRqIlnSuDZ

— Casey Morgan (@CaseyOnChain) August 1, 2025

With Hedera’s market cap near $10.7 billion, traders see this as a crucial moment. The next move depends on whether HBAR holds the trendline or breaks down. If it holds, targets between $0.39 and $0.50 could come into play, with $1 viewed as a long-term milestone.

For now, the price is consolidating, and every test of this support is drawing attention. Hedera remains one of the most closely watched charts in the market as traders wait for confirmation of the next major move.