Hedera (HBAR) To Rise Higher? Key Breakout and Retest Signaling Potential Upside Move

Date: Wed, Sept 17, 2025 | 04:15 PM GMT The cryptocurrency market is trading neutral ahead of the highly anticipated US Federal Reserve meeting today, scheduled to take place in less than 2 hours at 2 p.m. ET. Both Bitcoin (BTC) and Ethereum (ETH) are showing resilience, as traders brace for a potential Fed rate cut. Amid this cautious backdrop, Hedera (HBAR) is catching attention. Despite trading slightly in the red, its chart signals something more meaningful: HBAR has just broken out of a bullish reversal setup and is now retesting that breakout — a move that could define its next direction.

Source: Coinmarketcap Retesting Falling Wedge Breakout For several weeks, $HBAR was locked inside a falling wedge, a well-known bullish reversal pattern that often hints at an impending trend shift. The token found strong support around $0.2107 before bouncing back decisively. This rebound propelled HBAR above the wedge’s descending resistance line, confirming a breakout near $0.2350. Momentum carried it higher to a recent local top of $0.2547 before sellers took profit.

Hedera (HBAR) Daily Chart/Coinsprobe (Source: Tradingview) As is typical after such breakouts, HBAR has since pulled back to retest the breakout zone. Currently trading near $0.2337, the price is sitting at a critical level where buyers could be preparing to re-enter the market. What’s Next for HBAR? The ongoing retest is constructive, but much depends on whether bulls can defend this breakout level. If buyers step in with conviction, the first objective will be reclaiming the $0.2547 local high. A clean move above this level could set the stage for a larger rally. Based on the wedge breakout projection, HBAR could potentially climb toward the $0.3147 zone — nearly a 34% upside from current levels. On the downside, if HBAR slips back under $0.22, it risks re-entering the wedge structure, which would raise the likelihood of a fake breakout and delay bullish momentum. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.