HBAR may be on the verge of a major breakout! A key breakthrough is imminent!

Click on the avatar to watch live and catch the bull market!

HBAR has recently shown impressive performance, with a price increase of 4.98% to $0.2715. Technical analysis suggests that early 2025 could be a turning point for price movement. Market sentiment is high, and traders are closely monitoring whether it can maintain its upward trend.

Triangle flag pattern: Is the breakout moment here?

The daily chart for HBAR shows a typical bullish triangle flag pattern, indicating that a significant price movement is brewing. If it breaks through the resistance at $0.31, the price is expected to challenge $0.35 and even $0.40. Fibonacci retracement levels further solidify the key range: $0.31 serves as the resistance level, while $0.28 provides support.

Technical indicators support the upward trend

RSI remains at 58.69, suggesting ample room for upward movement with no overbought risk. Meanwhile, open interest has increased by 5.66% to $221 million, indicating increased trader confidence and more active market participation.

Fundamentals and technicals resonate

Hedera network development activity remains stable, with increased GitHub contributions, indicating the long-term resilience of the project ecosystem. This strong fundamental support bolsters the bullish expectations of technical analysis.

HBAR price is about to see a decisive breakout! If it successfully breaks through $0.31, it will open the door for further increases, targeting higher price levels.

Click on the avatar to watch live and catch the bull market!