Hedera (HBAR) price prediction: falling wedge breakout triggers bullish target, could reach $1 within six months?

After experiencing several months of fall, the price of Hedera (HBAR) has just broken through the falling wedge pattern and is starting to gain popularity. Captain Altcoin quotes analysts from X (formerly Twitter) suggesting to adjust the target price to $0.38, while analyst Cosmideus even states that HBAR's price could reach $1 within six months.

This is a bold prediction, but the recent price trends have sparked new interest. Currently, the trading price of HBAR is around $0.16, with a daily increase of 3.2%. This breakthrough, along with a 40% surge in trading volume, has brought the token back onto many watchlists.

HBAR breaks the falling wedge, seen as an early signal of trend reversal

On the HBAR chart, a falling wedge has been forming since January 2025. It consists of two downward-sloping lines that gradually squeeze the price tighter and tighter.

These formations usually end with a breakout, and that is exactly what happened in early July. HBAR broke through the top of the wedge, and the current trading price is above it, which it hasn’t experienced for several months.

Traders often view such breakouts as early signals of a trend reversal. In this case, the potential upward space extends to around $0.38, which would bring the HBAR price back to the starting position of the wedge.

(X, Trading View)

HBAR trading volume surges, market sentiment shifts

If there is no trading volume support, the breakthrough is not very significant, but HBAR has also performed well in this regard. The trading volume surged by over 40%, indicating strong interest from traders and investors.

This kind of activity usually indicates that more people are paying attention to the HBAR chart and entering the market early. The trend above the wedge is stable, and the current price remains steady.

If this momentum continues, the HBAR price may advance towards the next resistance levels of $0.20 and $0.28. After that, the resistance level will be $0.38.

HBAR Price Analysis: Support Level Holds, Focus on Retesting

Currently, the support level is between $0.14 and $0.15, which is the breakout zone. As long as HBAR stays above this range, the breakout structure appears solid.

It is not uncommon to test that level again, but holding that level will strengthen the momentum. With new hotspots appearing on the chart and traders closely monitoring the HBAR price movement in the coming days, everyone's focus is on whether this breakout will evolve into a full trend reversal.