Hedera Rally Falters at Weekly Resistance

Hedera (HBAR) is currently trading at $0.08087, up 10.22% from its previous price of $0.073. This rally has put HBAR in a technical decision area, with the price nearing the top of a down weekly channel on the X chart.

The analyst notes that there is positive capital flow, but a strong ending followed by a cooling-off period. A breakout will require a sustained move above the resistance level when it occurs.

The X chart Aragorn Windbreaker shows HBAR testing the upper trendline of the channel, similar to its November 2024 setup where HBAR more than quadrupled in value within two months.