- HBAR Eyes Recovery Amid Market Uncertainty – Despite macroeconomic pressure from Trump’s tariffs, Bitcoin found support, leading to 5-10% rallies in major altcoins like XRP, XLM, and HBAR.
- Hedera’s Role in SWIFT Testing & ETF Speculation – HBAR’s distributed ledger technology is being tested by SWIFT, fueling institutional interest. Analysts predict an 85.8% rally if bullish momentum holds, though it remains far from its all-time high.
- Key Levels for a Bullish Breakout – HBAR has defended $0.182 support multiple times, rebounding 4.4% on Wednesday. A push above $0.19585 resistance could trigger further upside, with Bull Bear Power (BBP) favoring buyers for now.
The crypto market remains on edge following Donald Trump’s tariff activation, which sent waves of macroeconomic uncertainty through global markets. Yet, Bitcoin (BTC) appears to have found a floor, buoyed by positive FOMC results, sparking relief rallies across major altcoins like Ripple (XRP), Stellar Lumens (XLM), and Hedera Hashgraph (HBAR)—all of which saw 5-10% gains on Wednesday.
Hedera’s Role in SWIFT Testing & Price Volatility
Hedera’s distributed ledger technology (DLT) has been undergoing testing for potential integration into SWIFT, one of the most widely used global banking networks. This institutional interest has helped HBAR rack up an 80% return over the past year. However, despite reaching a three-month high of $0.37 in January 2025, the altcoin retraced over 40%, pulling its market cap back to $8 billion.
Crypto analysts are now focusing on HBAR’s recent falling wedge breakout, a technical setup that often signals a bullish reversal. Some notable analysts, including Bitunix, forecast a staggering 85.8% rally for HBAR before year-end. That said, even such a surge would still fall short of its all-time high of $0.5692—last seen over three years ago.
HBAR Bottoming Out? Key Levels to Watch
The combination of ETF applications and SWIFT testing ignited renewed interest in HBAR, pushing its market cap close to $12 billion in early March. But the ride has been anything but smooth. A brutal $4 billion wipeout recently knocked HBAR out of the global top 20 by market cap.
That said, HBAR has repeatedly defended the $0.182 support level, bouncing three times this week alone. On Wednesday, the token posted a 4.4% gain, approaching $0.20 at press time. If momentum continues, analysts suggest a confirmed breakout above the upper-tier Bollinger Band (seen in the chart below) could set the stage for further upside.
At present, HBAR has pushed past the middle Bollinger Band, signaling a potential bullish push toward the red resistance zone at $0.19585. Currently sitting just half a cent below this level, the Bull Bear Power (BBP) metric is tilting in favor of buyers, at least for now.
Will HBAR sustain this breakout, or is another retracement ahead? Crypto traders will be watching closely as market dynamics continue to evolve.
