HBAR Price Tests Critical $0.18 Resistance: Can Bulls Break Through?
Hedera’s HBAR token gained over 5% following Grayscale’s inclusion in its Smart Contract Platform Fund, representing 5.8% of the portfolio. Technical analysis suggests potential for further gains to $0.28 if key resistance levels are breached.
According to the updated Grayscale GSC fund allocation, HBAR now represents approximately 5.8% weight in the fund, trailing Cardano’s 18.57% and ahead of Avalanche’s 6.76%. Ethereum and Solana dominate with over 30% each, establishing HBAR’s position in the institutional conversation.
Every quarter, we rebalance and update the components of our multi-asset funds Grayscale DeFi Fund, Grayscale Smart Contract Fund, and Grayscale Decentralized AI Fund.
Following this news, HBAR price broke above $0.17, positioning for its highest daily close since June 12. The RSI reading of 62.04 signals potential overheating, warranting caution as the price tests key resistance at $0.18.
The HBAR daily price chart shows a classic double-bottom reversal pattern, with lows at $0.13 in mid-April and late June. This bullish setup hints at a 60% breakout if confirmed with a close above the neckline resistance near $0.22.
HBAR Price Prediction | Source: TradingView
If bulls manage a decisive close above $0.18, the technical projection from the double-bottom pattern sets the next major target at $0.28, coinciding with the previous rejection in March.
However, failure to break $0.18 could result in consolidation back to the $0.15 level, with strong support from both the EMA and Bollinger mid-band.
Solaxy: The Solana Layer 2 That’s Drawing Eyes from HBAR Bulls
With HBAR surging thanks to institutional tailwinds, investors are also exploring early-stage opportunities with Solaxy, Solana’s first Layer 2 solution. Designed for infinite scalability, Solaxy blends meme appeal with real Layer 2 infrastructure, making it attractive to both retail and corporate traders.
Now in presale, the $SOLX token offers staking APY as high as 71%, capturing attention from HBAR and Solana holders alike looking for early exposure to the next L2 breakout. Visit the official presale page to secure $SOLX before launch.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
