HBAR Surges 12% Following Robinhood Listing, Making It Top Daily Gainer Among Top 20
Hedera’s HBAR token experienced a significant surge, climbing nearly 12% to $0.2657 on Friday, July 25th, outperforming other top-20 cryptocurrencies. This rally followed Robinhood’s announcement of HBAR support, expanding its reach to a wider US retail investor base. Trading volume spiked dramatically, with over 713 million tokens traded in a single hour around 12:00 UTC, pushing prices past the $0.26 mark. While $0.26 initially acted as resistance, strong upward momentum continued into the weekend.
Hedera distinguishes itself through its hashgraph consensus model, enabling high-speed, low-cost, and scalable transactions. Designed to support decentralized applications (dApps), NFTs, and DeFi, it’s also recognized for energy efficiency. HBAR, the native token, facilitates network service payments, staking for security, and node participation incentives.
Analyst ChartNerd, on X, suggested HBAR could see a major upward move, contingent on clearing a key resistance level near $0.35, aligning with the Supertrend indicator. A close above this level with strong momentum could initiate “price discovery,” a phase without prior highs acting as price barriers. Using Fibonacci extensions, ChartNerd projected potential price targets of $1.26 or even $3.30 in a bullish scenario.
CoinDesk Research’s technical analysis corroborates this upward trend. HBAR rose from $0.24 to $0.27 in the 24 hours ending July 26th at 06:00 UTC. A midday volume spike propelled prices above $0.26, followed by a brief pullback, suggesting $0.26 as short-term resistance. Support remained firm around $0.24, with consistent buying activity building a clear upward trend. Traders are now focusing on a potential break above $0.27, which could signal further gains. The listing on Robinhood and positive technical analysis create a bullish outlook for HBAR, though reaching the analyst’s projected targets remains uncertain. The market will continue to be monitored for further developments.
