- HBAR retests the descending channel resistance at $0.20 amid Hedera price breakout attempts
- A successful retest of this key resistance level could send the altcoin surging in the coming weeks
- A bullish crypto market, supported by macroeconomic tailwinds and ETF speculation, could further boost HBAR’s price
Hedera’s native token, HBAR, jumped more than 14% in the past 24 hours at the time of writing, reaching $0.19 as new upside momentum took hold.
As the asset approaches the critical technical level at $0.20, continued strength could propel the price toward $0.29 or higher over the coming weeks.
Hedera price rises as markets rebound
The cryptocurrency sector staged a strong recovery on November 10, 2025, as renewed risk-on sentiment returned to financial markets.
Early gains that pushed Bitcoin above $106,000 and lifted HBAR close to $0.20 followed a key U.S. Senate agreement that averted an extended government shutdown.
After roughly 40 days of fiscal uncertainty that weighed on global markets, lawmakers reached a compromise to advance a funding bill that would reopen federal agencies through January.
The deal, which includes future votes to extend Affordable Care Act subsidies, eased fears of an economic disruption and injected fresh liquidity into equities and digital assets.
Bitcoin (BTC), the market leader, led the rally, reclaiming the $106,000 area with an intraday gain of about 4%.
This marked a sharp reversal from weekend lows near $99,000, a period that coincided with nearly $1.2 billion in weekly outflows from exchange-traded crypto products.
The recovery reflects stabilizing sentiment after deleveraging, with BTC’s momentum spilling over into altcoins.
HBAR price outlook
As noted, broad crypto gains have supported individual tokens across the market.
Hedera, which rallied amid recent approval hopes for HBAR-focused ETFs, benefited from the broader surge in large-cap tokens.
On the day of the move, HBAR climbed more than 12%, rising from a low near $0.17 to hover around $0.20.
Over the past week, HBAR has bounced roughly 8%.
Technically, the rally has brought HBAR right to the upper boundary of a multi-month descending channel.
Bears have defended this upper resistance on several retests, with the most recent encounter centered around $0.20.
This level, derived from July highs near $0.30, also aligns with the 50-day exponential moving average (EMA).
The EMA sits near $0.1930, making the area a potentially formidable battleground for sellers.
The chart pattern shows HBAR has followed a downward trajectory since July, with lower highs and lower lows reinforcing bearish control.
However, the current probe of the $0.20 zone, coupled with elevated short interest and a 122% surge in daily volume, implies a real chance of a breakout.
Chart image
Bears appear ready to aggressively defend this zone, which could trigger a renewed pullback to prior support levels.
A decisive daily close above $0.20 on sustained volume would negate the descending channel.
Such a breakout would signal a shift toward a bullish flag resolution, with momentum indicators like the Relative Strength Index (RSI) pointing to a potential move to $0.29.
That level corresponds to resistance seen in late July.
Conversely, a failure to hold above $0.20 could accelerate selling toward the channel’s lower trendline.
Intermediate support lies roughly in the $0.16–$0.14 range, while a deeper break would likely test $0.12.