Hedera is trading around $0.2485, up 0.52% today. Its market value is about $10.53 billion, backed by 42.39 billion HBAR in circulation out of a maximum supply of 50 billion. In the last 24 hours, traders moved about $373.96 million worth of HBAR, with most of the activity happening near the $0.24 price level.
The session range is between $0.233 and $0.237, and buyers keep showing interest near the lower level. Analysts say if this support holds, HBAR could climb to $0.25 in the short term. A move above that resistance would open the door for more short-term gains.
Market sentiment looks strong, with 88% of voters on CoinMarketCap’s community tracker showing support. Analysts link this optimism to expectations of a long-term cycle and compare it to Hedera’s breakout pattern.
Technical structure and analyst projections
Analyst Steph_iscrypto points out repeated accumulation and breakout phases on the weekly chart. The current setup looks similar to the patterns that came before strong rallies in past cycles. He uses the term “final wave” to suggest that once confirmation comes, a powerful move forward could follow.
To confirm the trend, buyers need to show strong participation during the breakout and keep the price trading above the supply zone. If the price fails to hold these levels, the market will stay in a consolidation phase. But if trading volume rises above $0.25, it will support the bullish outlook. Weekly patterns take months to play out, and 2025 looks like the key period to watch for this thesis.
Altcoinpedia views the $0.23 level as a potential trap for sellers. The analysis outlines that absorbing supply in this range can create conditions for a move toward $0.40, provided buyers maintain higher lows. Short covering above intraday peaks could then add fuel to the upside.
Market metrics as a signal for trader confidence
Analysts point to developer activity, ecosystem funding, and on-chain growth as supporting data points. When these metrics line up with strong chart patterns, they can boost confidence during accumulation phases. Traders are looking for fresh news that could drive momentum to higher levels.
As it stands, Hedera holds a firm market presence with a fully diluted valuation of $12.42 billion. Liquidity near the current range suggests patience in the market, while technical signals keep traders alert for confirmation of a breakout.
