Hedera (HBAR) has had a rough month, facing a notable downtrend in its price that worried investors about its future. But recent market dynamics hint at a potential turnaround for HBAR in March 2025.

Back in the Bullish Zone

After a prolonged absence, the Relative Strength Index (RSI) for HBAR has stepped back into the bullish territory, a positive shift that points to changing sentiments in the market. This development signifies a critical milestone for the coin, indicating a resurgence of bullish momentum and a possible end to the recent downward trend.

This shift in RSI has uplifted investor sentiment, sparking renewed interest from both retail and institutional players as HBAR's upward trajectory gains traction with improving market conditions.

Bollinger Bands and Price Prospects

The Bollinger Bands for HBAR recently tightened, suggesting an impending surge in volatility that often precedes significant price movements. With candlesticks positioned favorably below the basis line during the squeeze, historical patterns hint at a bullish breakout.

Now, with the volatility favoring HBAR, the token has set itself up for potential price growth in the coming weeks as it breaks free from its constrained range, paving the way for a strong upward movement.

Looking Ahead for HBAR

With a 16.8% uptick in the last 24 hours, HBAR has broken free from its downtrend, surpassing the $0.22 support level and positioning itself for a possible sustained uptrend.

The next milestone for HBAR involves reclaiming the losses suffered from mid-January to mid-February, aiming to solidify $0.27 as a robust support level to continue its ascent towards $0.37. This climb would represent a 60% price increase, proving beneficial for early HBAR investors.

In case HBAR falters in breaching $0.27, it might consolidate within the $0.27-$0.25 range or even slide between $0.25 and $0.22. Failure to surpass the $0.27 mark could dampen the bullish outlook for the altcoin.

As market dynamics shift in favor of HBAR, early signs suggest a promising turnaround for the altcoin in the near term.