- HBAR is once again testing the bearish channel resistance at $0.20 amid a Hedera price breakout attempt
- A successful test of this key resistance level could send the altcoin sharply higher in the coming weeks
- A broader crypto bull market driven by favorable macroeconomic conditions and ETF-related enthusiasm could support HBAR’s price
Hedera’s native token, HBAR, surged more than 14% in 24 hours at the time of writing, breaking toward $0.19 in a fresh bullish move.
As the asset trades 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 rises as markets rebound
The cryptocurrency sector staged a strong rebound on November 10, 2025, boosted by renewed optimism for risk assets.
Much of the initial strength that pushed Bitcoin above $106,000 and HBAR toward $0.20 followed a key U.S. Senate agreement that averted an extended government shutdown.
After roughly 40 days of budget uncertainty that weighed heavily on global markets, a compromise to advance a funding bill that reopens federal agencies through January brought relief.
The agreement, which includes a future vote on extending Affordable Care Act subsidies, eased fears of major economic disruption and injected fresh liquidity into equities and digital assets.
Bitcoin (BTC), the market’s bellwether, led the move higher, reclaiming the $106,000 level with an intraday gain of about 4%.
The move marked a sharp reversal from weekend lows near $99,000, which coincided with approximately $1.2 billion in weekly outflows from crypto exchange-traded products.
The recovery reflects a stabilization in sentiment after a period of deleveraging, with BTC momentum spilling over into altcoins.
HBAR price outlook
The broader crypto upswing aligns with general market gains.
Hedera, which has recently rallied amid HBAR ETF approval-related activity, benefited from strength in mega-cap tokens.
Over the day, HBAR climbed more than 12%, rising from a low near $0.17 to approach $0.20.
Over the past week, HBAR has gained roughly 8%.
From a technical perspective, HBAR’s advance has brought it to the upper boundary of a multi-month descending channel.
Bears have shown resilience during several tests of the channel’s upper resistance, the most recent test hovering around $0.20.
This area, marked by late-July highs near $0.30, aligns with the 50-day exponential moving average (EMA).
Currently the 50-day EMA sits near $0.1930, creating a potentially formidable confluence for sellers.
Chart patterns show HBAR on a downward trajectory since July, with a series of lower highs and lower lows reinforcing bearish control.
However, the current probe of $0.20, amid elevated short interest and a 122% increase in daily volume, raises the prospect of a breakout.
Hedera price chart – TradingView
Bears appear prepared to aggressively defend this zone, which could trigger a pullback toward previous support levels.
A decisive close above $0.20 on sustained volume could invalidate the descending channel.
Such a breakout would signal a shift toward bullish resolution, with momentum indicators like the relative strength index (RSI) pointing to a potential move to $0.29.
That level represents prior resistance from late July.
Conversely, a failure to hold $0.20 could accelerate selling toward the channel’s lower trendline.
The mid-range sits around $0.16 to $0.14, and a deeper breakdown would open the door to a retest of $0.12.