Hedera price has bounced from a critical support level, which is about as reliable as a teapot in a hurricane. š Meanwhile, its stablecoin supply has been growing faster than a toddler’s allowance. Is this the start of a January rally? Or just a crypto version of a magical mystery tour? š
- Hedera price rallied 18% over the past week. Thatās like a disgruntled squirrel in a nut factory. šæļø
- Total stablecoin supply on the network has seen consistent growth over the past weeks. Because nothing says “financial stability” like a $121.4 million stablecoin party. š
- Multiple trend reversal patterns have formed on charts. Because nothing says “bullish” like a chart thatās more confusing than a wizardās spellbook. š
According to data from crypto.news, Hedera (HBAR) was trading at $0.125, up 2.6% in the past 24 hours and nearly 18% above its weekly low. Zooming out the charts, HBAR is up nearly 21% over the past month. Because nothing says “sustainable growth” like a 21% increase thatās probably a mirage. š«ļø
Hedera price rebounded this month as a key fundamental has strengthened over the past couple of weeks. Data from DeFiLlama shows that the networkās stablecoin supply has been in a notable uptrend since mid-December, rising from $74.5 million to $121.4 million at the time of writing. Because who needs real-world assets when you can have crypto-themed inflation? šø
Rising stablecoin supplies on the network mean greater on-chain liquidity, which in turn can fuel increased investor demand for the token. Or, as the ancient sages say, “More money, more problems.” š¤
Hedera price has also benefited from the recovery in the crypto market as a whole after Bitcoin (BTC) managed to break above the psychological resistance at $90,000 for the first time since mid-December. Because nothing says “market confidence” like a $90,000 barrier thatās been broken and rebuilt faster than a magicianās tricks. š©
The Crypto Fear and Greed Index, which gauges the overall market sentiment, has also returned to the āneutralā zone after spending the latter half of December with āextreme fearā levels. The sentiment is also improving as January has historically delivered strong performance for both cryptocurrencies and equities. Because nothing says “optimism” like a month thatās just as unreliable as a weather forecast. āļø
Hedera price analysis
On the daily chart, Hedera price has reclaimed the $0.123 support level, which has served as a key floor price during multiple dips experienced last year. Each time the altcoinās price hit this level, it had been followed by a rebound. Because nothing says “reliability” like a price level thatās more fickle than a politicianās promises. šµļøāāļø
It should also be noted that Hedera price is trading within a multi-month descending parallel channel pattern marked by two descending and parallel lines. Because nothing says “technical analysis” like a chart thatās more confusing than a cryptic riddle. š§©
In a technical context, as long as the price remains within the pattern, it remains in a downtrend. However, a decisive breakout from the pattern tends to act as a bullish reversal indicator that often triggers upside moves. Because nothing says “bullish” like a breakout thatās as likely as a penguin in a sauna. š§
At press time, Hedera price was trading close to breaking out from the upper trendline of the pattern. Because nothing says “excitement” like a price thatās teetering on the edge of a cliff. ā ļø
A bullish breakout may be on the table, especially as momentum indicators have also aligned in favor of buyers. Notably, the MACD lines have pointed upwards with growing bullish histograms, just as the RSI has rebounded above neutral thresholds. This is called a bullish divergence. Because nothing says “technical jargon” like a divergence thatās as clear as mud. š§¼
In the shorter timeframe, HBAR has also formed a double bottom, another short-term bullish pattern. Because nothing says “hope” like a double bottom thatās more likely to be a trick than a triumph. š
Considering all these bullish signals, the next likely target for Hedera would be the $0.160 level, the next key support-turned-resistance zone, which lies nearly 28% above the current price. A decisive break above that, sustained by bullish momentum, could push it towards its October high of $0.228. Because nothing says “optimism” like a target thatās as reachable as a unicornās dream. š¦
However, it should be noted that institutional demand has yet to catch up. The spot Hedera ETF saw inflows on only three days in December, which tallied up to $3.4 million, around one-tenth of the figure seen the previous month. Because nothing says “institutions” like a $3.4 million inflow thatās more impressive than a goldfishās swimming skills. š
This slowdown in ETF inflows indicates that Hedera is still struggling to capture attention from American investors compared to other altcoin-focused ETFs like Solana and XRP, which have posted consistent daily inflows in the period. Because nothing says “market relevance” like a coin thatās more popular than a toddlerās bedtime story. š
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2026-01-05 11:44