The price of HBAR is showing early signs of a trend reversal after a strong bounce from a major support level. The asset is now consolidating in a bull flag pattern above the critical $0.12 mark, a move supported by a noticeable increase in trading volume and a developing shift in market structure.

Recent positive sentiment, partly fueled by fresh ETF inflows and news of Google BigQuery support, has reinforced this momentum. After weeks of downward pressure, HBAR’s decisive reaction at the $0.12 support zone suggests that a broader recovery could be taking shape if current technical conditions hold.

Technical Indicators Point to a Reversal

HBAR’s rebound from the $0.12 region is significant, as this level has historically served as a major long-term support area that triggers strong market reactions. The latest rally was backed by a clear increase in bullish volume, one of the first signals of a potential change in the market’s overall character. This is further supported by the establishment of a new swing high, hinting at an early break in the previous bearish structure.

Following its initial surge, HBAR has entered a tightening consolidation range that resembles a bull flag. This pattern is commonly associated with a continuation of an upward trend after an impulsive rally. A breakout from this formation on strong volume would increase the probability of a move toward higher price levels.

Key Price Levels and Future Outlook

For the bullish case to be confirmed, HBAR needs to form a higher high, which would officially signal a structural shift in its trend. If the price holds above $0.12 and breaks out of the bull flag with conviction, the market may see a sustained move toward the long-term resistance near $0.24. This level has historically acted as the upper boundary of HBAR’s broader trading range and represents the next logical target for buyers.

From a technical perspective, HBAR is at an inflection point. The combination of the bull flag structure and renewed buying pressure suggests a reversal is forming. However, a failure to hold the $0.12 support would weaken this setup and likely return the asset to bearish conditions.

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