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HBAR breakout resistance

HBAR Breaks Out: Bullish Reversal Pattern Targets $0.356 and Beyond

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  • HBAR is showing strong upward momentum, gaining 3.3% in the past 24 hours and approaching key resistance at $0.177.
  • Technical indicators like RSI and MACD support a bullish continuation, backed by rising volume.
  • A breakout from a falling wedge pattern on the weekly chart signals a potential trend reversal.
  • Post-breakout targets are $0.356, $0.495, and $0.592, with short-term focus on breaking $0.177 to reach $0.200.

Hedera Hashgraph (HBAR) is showing strong upward momentum as it moves in sync with the broader cryptocurrency market. Currently trading at $0.1694, the token has registered a 3.3% gain in the past 24 hours, indicating renewed investor confidence. This recent surge positions HBAR just below a crucial resistance level at $0.177, a price zone that could act as a launchpad for further gains if broken decisively.

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HBAR Breaks Out: Bullish Reversal Pattern Targets $0.356 and Beyond 3

Technical indicators are aligning in favor of a bullish continuation. The Relative Strength Index (RSI) is nearing 70, suggesting firm bullish momentum without signaling overbought conditions yet. At the same time, the MACD has confirmed a bullish crossover, while volume has increased during the breakout, both reliable signs of sustained buying pressure.

HBAR Signals Trend Reversal with Bullish Breakout

Adding weight to the bullish narrative, a recent X post by Rose Premium Signal presents a technical analysis of HBAR on the weekly chart. According to the post, HBAR is rebounding from a strong demand zone and has formed a falling wedge pattern, a classic bullish formation.

The falling wedge indicates diminishing selling pressure and tightening price movement, often preceding a breakout. The chart shows HBAR breaking out of the wedge’s upper trendline, a move that reinforces the bullish case.

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The post outlines three ambitious yet technically sound target levels following the breakout: $0.356, $0.495, and $0.592. These targets correspond with historical resistance zones, particularly around the $0.33 and $0.39 marks, and reflect levels where price action has previously struggled to break through.

As the market continues to recover, HBAR’s setup appears increasingly favorable. A successful breakout above $0.177 could open the door to testing $0.197 and the psychological $0.200 level, signaling a confirmed trend reversal. If this momentum continues, Hedera could be poised for a significant run in the coming weeks, making it one of the altcoins to watch closely.

Read More: Ethereum Gains Strength with Whale Buys, Bullish Signals Point to $2K

HBAR Eyes $2.25 as Long-Term Price Target Amid Recovery Signs

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  • Hedera (HBAR) shows recovery signs, holding key support despite market volatility.
  • Technical analysis suggests a potential breakout if resistance at $0.173 to $0.19 is cleared.
  • Long-term optimism grows with a $2.25 price target and positive developments like an HBAR ETF and institutional inflows.
  • With the crypto market recovering, HBAR could see significant gains if key resistance levels are surpassed.

After facing intense selling pressure, Hedera (HBAR) is beginning to show signs of recovery, hinting at a potential shift in momentum. The token has managed to hold a crucial support level, even as broader market volatility dragged it down by 9% in the past week.

On a wider time frame, HBAR still reflects considerable damage, down nearly 35% from its recent highs, an echo of the pain that has rippled across the altcoin market. Currently trading over 71% below its all-time high of $0.5692, HBAR has a long way to go. But for those watching closely, the signals of a turnaround are becoming harder to ignore.

Pressing Against Resistance, Will HBAR Break Free?

Technical analysis from More Crypto Online highlights a descending wedge pattern, a structure often associated with upcoming bullish reversals. HBAR is now testing the lower trendline of this formation, with resistance looming between the $0.173 and $0.19 levels. Should bulls manage to push through this range, it could open the door to a stronger breakout.

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HBAR Eyes $2.25 as Long-Term Price Target Amid Recovery Signs 5

However, the path isn’t without risk. Analysts still see the $0.128 zone as a key support level to watch if bearish momentum resumes. Until a clear move above resistance confirms a trend reversal, the broader bias remains cautious.

Hedera’s $2.25 Price Target and Bullish Developments

Despite the near-term struggles, the long-term outlook for Hedera is drawing renewed interest. A well-known market watchers are pointing to updated chart analysis forecasting a price target north of $2.25 for HBAR, a bold call but one that reflects growing confidence in the project’s fundamentals.

Fueling this optimism is a string of bullish developments. Recent confirmation that an HBAR ETF could be on the horizon, combined with the announcement of upcoming Hedera Coinbase futures, has reignited enthusiasm in the community.

Adding to that momentum, over $40 million in fresh inflows have entered the Hedera ecosystem this month alone, clear evidence that institutional and large-scale investors are starting to take notice.

Crypto Climate: Favorable Winds in the U.S.

Meanwhile, the broader crypto environment continues to improve, especially in the U.S., where sentiment around digital assets is warming. With Bitcoin reclaiming ground, currently trading at $83,667 and holding a dominant 61.44% market share, the market at large appears to be entering a phase of cautious optimism.

As the crypto markets heat up and narratives shift, HBAR is one to keep a close eye on. The groundwork is being laid, and for those willing to weather the volatility, the rewards could be substantial.

Hedera may still be in recovery mode, but the signs are clear: momentum is building, and institutional interest is rising. If key resistance levels are cleared and macro conditions continue to improve, HBAR could be primed for a strong comeback.

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