Hedera (HBAR) Eyes Bull Target at $1 After Powerful Breakout Formation

Analysts highlight growing volume, steady price structure, and technical signals that suggest the foundation for a potential move toward the first major bull target at $1.

In a recent X post, analyst Jesus Martinez projected an aggressive bullish target for the asset, setting sights on a potential climb toward $1. The chart shared by Martinez depicts a clear breakout from a multi-week consolidation pattern, supported by expanding volume and strong bullish candlesticks—both classic signs of renewed buyer dominance.

Source: X

Following the surge, the asset entered a short period of sideways consolidation just below the breakout level, forming a tight trading cluster marked by the circled region on the chart. This brief pause is interpreted as a healthy retest of the breakout zone, allowing the market to absorb gains before attempting another leg upward.

Historically, such consolidations after breakouts often precede continuation rallies, provided that buying pressure remains consistent and resistance levels are successfully flipped into support.

According to BraveNewCoin data, Hedera maintains a market capitalization of approximately $9.75 billion and a daily trading volume of over $350 million. The network’s recent price surge has positioned it among the top-performing large-cap altcoins of the month, fueled by increasing ecosystem activity and renewed investor sentiment across the layer-1 sector.

Source: BraveNewCoin

Despite the latest pullback, the token remains comfortably above its June–July support base, where the prior accumulation phase began.

Analysts suggest that if the asset continues to hold this base, the broader structure could form a sustained bullish channel, with the next major resistance zone appearing around $0.30–$0.32, a breakout beyond which would open the pathway toward higher psychological levels, including the $1 target outlined by Martinez.

The market’s posture remains cautiously optimistic, with volume trends and on-chain data hinting at gradual accumulation by long-term holders.

At the time of review, HBAR is consolidating near the mid-$0.22 region after a strong rally, displaying reduced volatility and narrower daily candles. This cooling-off period reflects market indecision, but also a potential setup for trend continuation if buyers reemerge near support.

Source: TradingView

The Chaikin Money Flow (CMF) stands at -0.04, indicating light selling pressure and limited capital inflow. This mildly negative reading suggests that buyers have momentarily stepped back following the breakout, but does not indicate aggressive distribution. A move of CMF into positive territory would strengthen the case for renewed upside.

Meanwhile, the MACD shows mixed momentum with a slightly positive histogram (0.00119) but a still-negative main value (-0.00216). This configuration signals a neutral-to-cautious market phase, where neither bulls nor bears have firm control. Traders are watching closely for a bullish MACD crossover, which would serve as an early confirmation of another leg higher.