Hedera’s native token, HBAR, recorded a strong 12% daily gain, becoming the top-performing cryptocurrency among the top 20 by market value on Saturday. The rally came shortly after Robinhood added HBAR to its crypto trading platform, opening the door for greater retail access across the U.S.
Robinhood Listing Sparks Surge in Volume and Interest
HBAR surged to $0.2657 on July 26, after news broke on Friday that it had been listed on Robinhood, one of the most widely used investment apps in the U.S. The listing triggered a sharp increase in trading volume, with over 713 million tokens exchanged in a single hour around midday Friday.
This breakout move pushed HBAR through the $0.26 resistance zone, marking its strongest momentum in recent weeks.
Hashgraph Model Draws Institutional and Developer Interest
Unlike traditional blockchains, Hedera operates on a hashgraph consensus mechanism, which supports high-speed, low-fee transactions. It’s optimized for enterprise-grade decentralized applications, NFTs, and DeFi, and is recognized for its energy-efficient architecture.
HBAR serves multiple roles in the network: transaction fees, staking, and incentivizing node operations.
This makes the token appealing both for retail traders and institutional backers seeking scalable, sustainable infrastructure.
Analysts Highlight Key Resistance and Bullish Targets
Crypto analyst ChartNerd commented on X that HBAR could be preparing for a major bullish breakout — but it first must clear strong resistance near $0.35. This level aligns with the Supertrend indicator, a widely used technical signal that suggests when an asset transitions from bearish to bullish momentum.
If HBAR breaks above $0.35 with volume confirmation, it could enter “price discovery,” where there are no prior resistance zones to slow upside movement.
Using Fibonacci extension levels, ChartNerd projected bullish targets at $1.26 and $3.30, though emphasized that these depend on broader market sentiment and sustained buying pressure.
Technical Outlook: Short-Term Resistance and Building Support
According to technical data, HBAR rose from $0.24 to $0.27 in 24 hours. After reaching the $0.2657 peak, the token saw brief pullback pressure, suggesting short-term resistance at $0.26. However, strong support at $0.24 held firm as buying interest continued into Saturday.
With momentum building, traders are now watching the $0.30–$0.35 zone as the next key area to unlock further upside.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.