HBAR’s Soaring Success: A Tale of Profits and Prudence

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Key Takeaways

It is a truth universally acknowledged, that a single token in possession of a good fortune, must be in want of a profit-taking strategy. Hedera’s price action has been nothing short of a romantic novel, with its rapid gains over the past few days seeing the token climb above key resistances. However, the next resistance is the 2025 Value Area High, and traders can look to book profits at that level, lest they find themselves in a less favorable position.

Hedera [HBAR], at the time of this writing, was up 24% in 24 hours, with its daily trading volume soaring by 62% and hitting $1.33 billion. The $10.3 billion market cap altcoin has surged by 75% in July, starting at $6.6 billion. This is a remarkable progress on the price front, especially for a relatively large-cap crypto, and one might say, it is a token of great fortune indeed. 🍀

The derivatives market also saw strong short-term bullish conviction. In fact, Coinalyze data revealed that the 24-hour Open Interest change was +48.9%. The hike in price and Open Interest meant that traders may be eager to go long in expectation of further price gains, much like a young lady eagerly awaiting a proposal from a gentleman of means. 💍

The liquidation heatmaps did not warn of a sizeable liquidity pocket to the south. Even so, traders must beware of a long liquidity hunt. Especially since the entire derivatives market appeared to be extremely bullish, a situation that could lead to a sudden and unexpected turn of events, much like a ball where one’s prospects can change in an instant. 🕰️

HBAR’s Volume Profile Range

In this instance, the Fixed Range Volume Profile tool was used to analyze HBAR’s price action in 2025. Using price and volume data, the indicator showed that the Point of Control (red) was at $0.193. This is usually a key support/resistance level, a point of great importance in the grand scheme of things. Strong demand over the past few days meant that this crucial resistance was overcome within two days, much like a formidable obstacle in a love story that is eventually surmounted. 🏃‍♂️💨

The OBV climbed past the highs it made in May, as did Hedera’s price. Together, this could be a sign of high buying pressure behind the altcoin, a pressure that is as intense as the anticipation of a long-awaited letter. Its rally has not been driven solely by speculation though. The 1-day market structure was bullish, and the Awesome Oscillator agreed that the momentum was bullish with its positive reading, a reading that is as clear as the morning after a storm. ☀️

Finally, the Value Area High and Low (blue dotted) were at $0.255 and $0.144, respectively. The price may be racing towards the VAH, which could act as a pseudo-range high, a high that is as elusive as the perfect suitor. The $0.22-level, the resistance from May, could be a valid demand zone in case of a retracement, a retracement that is as inevitable as a change of heart. A breakout past $0.255 and a retest of the same level would also offer a buying opportunity, an opportunity that is as tempting as a grand estate in the countryside. 🏰

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2025-07-14 08:10