Hedera’s native token HBAR is showing a constructive technical setup as it trades just below a key resistance area. Market analysis indicates that the token is forming an inverse head and shoulders pattern, a structure often associated with a potential reversal from a previous downtrend into a new bullish phase. At the center of attention is the $0.09 level, which acts as the neckline of the pattern.
$0.09 Remains the Critical Breakout Level
For bullish momentum to be confirmed, HBAR would need a decisive move above $0.09, ideally supported by rising trading volume. A breakout with stronger volume is important because it suggests broader market participation and helps reduce the likelihood of a false move above resistance.
The report also notes that HBAR is currently trading above its point of control, a sign that the market is accepting higher price levels. In technical terms, holding above this area can strengthen the bullish case, as it suggests buyers are maintaining influence rather than allowing price to slip back into lower-value zones.
Next Upside Level Stands at $0.12
If HBAR clears the neckline and sustains the move, the next resistance target could come in around $0.12. That level represents the next major area traders may watch for profit-taking or renewed selling pressure. Even so, the path higher would still depend on whether momentum remains intact after the initial breakout.
Overall, the setup leans bullish, but confirmation is still required. Traders will likely focus on two main signals in the near term: whether HBAR can continue holding above the point of control, and whether it can break through $0.09 with convincing volume. Those factors will be central in determining whether the pattern develops into a confirmed bullish reversal.