Hedera’s HBAR token is on a tear, surging nearly 12% on Friday to hit a price of $0.2657. This impressive rally made HBAR the top performer among the top-20 cryptocurrencies, all thanks to a major new development: its official listing on the popular trading platform, Robinhood. The announcement instantly exposed the token to a wide audience of U.S. retail investors.
The listing had an immediate impact on trading activity. A mid-day spike on Friday saw over 713 million tokens traded in a single hour, pushing HBAR’s price past the $0.26 mark. While it briefly pulled back from this level, establishing it as near-term resistance, the token continued to show strong momentum into Saturday.
A Closer Look at Hedera and Its Technology
Hedera stands out from other cryptocurrencies due to its unique “hashgraph” consensus model. Unlike traditional blockchains, which record transactions in a linear chain, Hedera’s hashgraph allows for high-speed, low-cost transactions. This technology is designed to support a variety of decentralized applications, from NFTs to DeFi, and is widely recognized for its energy efficiency. The network’s native token, HBAR, is essential for paying for network services, staking to secure the network, and incentivizing node participation.
Analyst Sets Ambitious Price Targets
One crypto analyst believes HBAR’s rally might just be getting started. Known as ChartNerd on X, the analyst suggested that HBAR could be gearing up for a significant upward move if it can clear a key technical resistance level.
According to the analyst, a crucial hurdle for HBAR is around the $0.35 mark, a level that aligns with the Supertrend indicator. This is a popular tool used by traders to identify when an asset may be switching from a downtrend to an uptrend.
If HBAR can close above $0.35 with strong momentum, ChartNerd believes it could enter “price discovery.” This is a stage where a token has no previous price highs to act as resistance. Citing Fibonacci extension levels—a tool used to forecast future price targets—the analyst suggested that HBAR could potentially climb to $1.26 or even $3.30 in a highly bullish scenario.
July 2025, Cryptoniteuae
