What's Driving Hedera (HBAR) Higher Today?

For quite some time, Hedera (HBAR) has operated largely beneath the radar of retail traders seeking quick gains. However, recent chart activity suggests this prolonged dormant period may be shifting. A notable analyst recently highlighted that HBAR is displaying "textbook signals for potential upside momentum," a comment gaining traction among chart watchers analyzing the token's recent price action.

**Current Market Snapshot**

At the time of writing, HBAR is trading at $0.12, down 0.27% over the last 24 hours. While the short-term decline might seem modest, the underlying technical setup has caught the attention of traders looking for the next leg of appreciation after months of range-bound trading.

**Technical Setup in Focus**

The chart pattern that's sparked conversation among the trading community shows HBAR consolidating within a defined range—a classic setup often preceding directional breakouts. The convergence of support levels and decreasing volatility has created what technicians call a "coiling spring," where price compression frequently precedes expansion moves. Traders are monitoring whether HBAR can decisively break above key resistance levels that have capped rallies in previous attempts.

**What Traders Are Watching**

The broader market interest appears driven by anticipation rather than immediate price strength. The combination of extended sideways action followed by subtle bullish signals has rekindled attention on the Hedera token among both swing traders and longer-term holders looking for re-entry opportunities.