【Market Insight: #hbar 】

As the overall market sentiment remains low, the price of HBAR is steadily approaching the cyclical high. Although bears have kept the rebound below $0.3 for some time, recent breakout signals indicate that HBAR may be on the verge of a significant rally, with a new all-time high (ATH) possibly just around the corner.

Currently, HBAR has successfully broken through the descending wedge pattern in the short term and has consistently shown bullish candlestick patterns. From a technical perspective, the RSI continues to rise, indicating strengthening momentum, while the Ichimoku cloud has just turned bullish, providing further support for the price. If this healthy upward momentum continues, HBAR is expected to reclaim the key level of $0.38 and may further break through the $0.4 barrier before the end of the year.