Hedera (HBAR) Price Analysis: Flashing 2024 Breakout Signals, Potential Strong Pump to $0.35

Hedera (HBAR) price today (24) in the Asian early session reported at 0.2472 USD, the Token is starting to attract attention again, and there is a reason for that. According to crypto assets analyst Steph Is Crypto, the trend shown on the HBAR price chart is the same as the trend seen in the market before the HBAR explosion at the end of 2024.

With the strengthening momentum and the completion of the new mainnet upgrade, things may迎來 another significant initiative.

Steph Is Crypto shared his thoughts in two short tweets. First, he boldly claimed that HBAR could "create many new millionaires in the next 4 to 5 weeks."

Next is the follow-up progress: Hedera has successfully upgraded to version 0.63, with everything operating smoothly from staking to Token economics. Overall, the technical configuration and network news have sparked enthusiastic discussions about the next steps in development.

HBAR chart analysis shows a repeating pattern

The Hedera 3-day chart provided by CEX displays a technical pattern using a colored ribbon indicator, which may be based on a Gaussian channel. This chart highlights two identical structural areas, one appearing at the end of 2024 and the other forming in July 2025.

In the 2024 section, the HBAR price moves from below the red channel to above the green channel, and then starts to rise strongly to the $0.35 mark.

The current pattern is similar: HBAR has once again broken through the bearish range into the bullish range, indicating a similar market trend. The current trading price of the asset is between $0.19 and $0.24, close to the upper boundary of the channel that acted as resistance during the previous upward period.

(Source: Trading View)

HBAR Key Price Zones and Support Zones

The price of HBAR seems to be testing the resistance level around 0.24-0.25 USD. This level represents the upper boundary of the color band and may determine whether the upward momentum continues.

The support level is strong around 0.14 to 0.16 dollars, which coincides with the recent higher lows and is located below the lower edge of the green channel.

Speculators using this model typically look for clean breakouts and maintain above resistance levels to validate the continuation of the trend.

Here, further action beyond $0.25 is likely to validate a shift in market sentiment, with the previous high around $0.35 possibly being the upward target.

In addition, the visual transition of the Gaussian band from red to green is interpreted by most traders as a sign of a new round of bullish action. Such signals usually appear after the accumulation phase and precede price increases.

In addition to this technical setting, the smooth implementation of the HBAR mainnet upgrade may help enhance network confidence.

According to Steph Is Crypto, the v0.63 upgrade will not affect the core Token functionality. Although there is no direct correlation between the upgrade and the price, reducing operational risks can create a more favorable environment for buyers.

HBAR Price Outlook Based on Previous Behavior

If the pattern observed in the chart repeats as it did at the end of 2024, HBAR may once again attempt to approach the previous highs in the range of $0.30 to $0.35.

The time mentioned in the tweet, 4 to 5 weeks, corresponds to the range of time after the last rebound that took place following a similar breakout.

Although the chart does not detail trading volume and broader market context, factors such as price structure, trend changes, and completed network upgrades collectively indicate that the HBAR price is at a critical stage. Traders may focus on price movements near the $0.25 resistance level to assess whether the market trend is as expected.

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