- HBAR is once again testing the resistance of a descending channel around $0.20 amid a renewed price push for Hedera
- A successful retest of this key resistance could set the stage for the altcoin to rally in the coming weeks
- A bullish crypto market driven by macro tailwinds and ETF excitement may support HBAR’s price
The native Hedera token, HBAR, rose more than 14% over 24 hours at the time of writing, breaking above $0.19 as a renewed upward impulse gathered strength.
With the asset trading near the critical technical level of $0.20, a sustained rally could push bulls toward $0.29 or higher in the coming weeks.
Hedera price climbs as markets bounce
On November 10, 2025, the cryptocurrency sector experienced a broad recovery as optimism toward risk assets returned.
Much of the early upside that propelled Bitcoin to highs above $106,000 and nudged HBAR toward $0.20 followed a key U.S. Senate agreement to avoid a prolonged government shutdown.
After 40 days of fiscal uncertainty that had weighed on global markets, lawmakers reached a compromise to advance a funding bill that keeps federal agencies operating through January.
The deal, which includes a future vote related to Affordable Care Act funding, eased fears of economic disruption and injected fresh liquidity into equities and digital assets.
Bitcoin (BTC), the market leader, led the gains, reclaiming the $106,000 area with a roughly 4% daily advance.
The move represented a sharp rebound from weekend lows near $99,000 and coincided with the prior week’s outflows of roughly $1.2 billion from exchange-traded crypto products.
The recovery reflects stabilizing sentiment after deleveraging, with upward momentum in BTC rotating into altcoins.
HBAR price outlook
As noted, HBAR’s rise aligns with broader market strength.
Hedera, which recently attracted attention amid HBAR ETF approvals, benefitted from the mega-cap token rally.
Over the day, HBAR jumped more than 12%, rising from intraday lows around $0.17 to trade close to $0.20.
Over the past week, HBAR has also bounced roughly 8%.
From a technical perspective, HBAR’s move has brought it up against the upper boundary of a multi-month descending channel.
Bears have shown resilience after repeatedly defending that upper resistance, with the most recent rejection area near $0.20.
That level, carved out from July highs near $0.30, aligns with the 50-day exponential moving average (EMA).
The 50-day EMA currently sits around $0.1930, suggesting this zone could present a significant battleground for sellers.
Chart structure shows HBAR has followed a downward trajectory since July, forming lower highs and lower lows that reinforced bearish control.
However, the current probe of $0.20—combined with elevated short interest and a 122% increase in daily volume—hints at the potential for a breakout.
Hedera price chart from TradingView
Bears appear prepared to defend this area aggressively, which could trigger a pullback toward prior support levels.
A decisive close above $0.20 on sustained volume would invalidate the bearish channel and increase the likelihood of a bullish continuation pattern. Momentum indicators, such as the Relative Strength Index (RSI), support upside targeting $0.29.
That level represents prior resistance from late July.
Conversely, a failure below $0.20 could accelerate selling toward the channel’s lower trendline. The midpoint sits near $0.14–$0.16, while a deeper breakdown would target a retest around $0.12.