A bullish crypto market amid macroeconomic tailwinds and ETF buzz could help HBAR price.
Hedera’s native token, HBAR surged more than 14% in 24 hours as of writing to break to $0.19 amid fresh upside momentum.
As the asset hovers near the critical technical level of $0.20, a sustained rally could take bulls to $0.29 or higher in the coming weeks.
The cryptocurrency sector experienced a robust rebound on November 10, 2025, propelled by renewed optimism in risk assets.
Much of the early upside that pushed Bitcoin to highs above $106,000 and HBAR to near $0.20 followed a pivotal US Senate agreement to avert a protracted government shutdown.
After 40 days of fiscal uncertainty that had weighed heavily on global markets, a compromise to advance a funding bill to reopen federal agencies through January is on the table.
This deal, which includes a future vote on extending Affordable Care Act subsidies, has alleviated fears of economic disruption, injecting fresh liquidity into equities and digital assets alike.
Bitcoin (BTC), the market bellwether, spearheaded the surge, reclaiming the $106,000 mark with a 4% intraday gain.
This marked a sharp reversal from weekend lows near $99,000, which coincided with nearly $1.2 billion in weekly outflow from exchange-traded products.
The recovery reflects stabilizing sentiment post-deleveraging, with BTC’s momentum spilling over to altcoins.
As noted, the uptick in crypto aligns with general market gains.
Hedera, which surged amid approval for the HBAR ETF recently, capitalized on the mega-cap tokens’ uptick.
On the day, HBAR surged more than 12%, climbing from lows of $0.17 to hover near $0.20.
Meanwhile, over the past week, HBAR has rebounded 8%.
Technically, HBAR’s ascent has brought it squarely to the upper boundary of a multi-month downward channel.
Bears have shown strength upon multiple retests of the upper resistance boundary, with the latest meeting point near $0.20.
This level, etched from the July highs of $0.30, coincides with the 50-day exponential moving average (EMA).
Currently, the EMA is near $0.1930, which means the area can be a formidable confluence for sellers.
Chart patterns indicate HBAR has traced a descending trajectory since July, with repeated lower highs and lower lows reinforcing bearish control.
However, the current probe at $0.20, amid elevated short interest and a daily volume surge of 122%, hints at a likely breakout.
Bears appear poised to defend this zone aggressively, potentially triggering a retracement to prior support levels.
A decisive close above $0.20, with sustained volume, could invalidate the bearish channel.
This breach would signal a shift toward a bullish flag resolution, with momentum indicators like the Relative Strength Index (RSI) hinting at a rally to $0.29.
The mark is a prior resistance from late July.
However, a breakdown below $0.20 could accelerate selling toward the channel’s lower trendline.
The middle point is around $0.16-$0.14, while a deeper rout would mean a retest of $0.12.
