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Hedera (HBAR) Defends Key Support – Could This Pattern Trigger An Upside Breakout?

Hedera (HBAR) Defends Key Support – Could This Pattern Trigger An Upside Breakout?

CoinsProbeCoinsProbe2025/09/30 11:36
By:Nilesh Hembade

Date: Tue, Sept 30, 2025 | 07:25 AM GMT

The cryptocurrency market is staging a notable recovery from the last week’s volatility that pushed Ethereum (ETH) to a low of $3,839 before rebounding to near $4,200. Both Bitcoin (BTC) and Ethereum (ETH) are up by almost 2% today, helping lift overall market sentiment and giving several altcoins , including Hedera (HBAR), a boost.

HBAR is back in green today with modest gains, and more importantly, the price action is hinting at the development of a bullish reversal pattern that could set the tone for the token’s next big move.

Hedera (HBAR) Defends Key Support – Could This Pattern Trigger An Upside Breakout? image 0 Source: Coinmarketcap

Falling Wedge Pattern in Play

On the daily chart, HBAR appears to be forming a falling wedge, a technical pattern often associated with weakening bearish momentum and the potential start of a bullish reversal.

The latest correction pushed HBAR down to the wedge’s lower boundary near $0.2050, which has held strong as a support level in recent sessions. After this test, the token bounced back to around $0.2150, but is now hovering just under the 100-day moving average (MA) at $0.2244 — a level that has historically acted as a key barrier for bulls.

Hedera (HBAR) Defends Key Support – Could This Pattern Trigger An Upside Breakout? image 1 Hedera (HBAR) Daily Chart/Coinsprobe (Source: Tradingview)

A breakout above this moving average could be the first strong sign that momentum is shifting in favor of the buyers.

What’s Next for HBAR?

If HBAR successfully defends its wedge support base and secures a close above the 100-day MA, the next logical move would be toward the wedge’s upper resistance trendline. A confirmed breakout from this level, especially with a retest, could open the door for further gains, potentially driving the token above $0.3050 in the coming weeks.

On the other hand, failure to reclaim higher ground may see HBAR revisiting the wedge’s lower support trendline before bulls attempt another rebound.

For now, the structure suggests that HBAR is at a critical turning point — either preparing for a breakout rally or bracing for one more dip before the upside narrative resumes.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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