Hedera ($HBAR ) has been on a bullish streak, gaining significant traction in the past few days. Here’s what you need to know about HBAR’s price action and its potential for a breakout.

📈 HBAR's Recent Rally and Key Metrics

  • Price Movement: HBAR surged 33% in just three days, rebounding from a correction phase.

  • Trading Volume: A 60% increase in 24-hour volume to $2.02 billion indicates strong market interest.

  • Current Price: At press time, HBAR traded at $0.311, with a market cap of $11.09 billion.

After defending the 20-day EMA, HBAR has triggered a bullish rally, breaking out from a falling wedge pattern.

🔍 Can HBAR Sustain Its Breakout?

According to analysts from World of Chart, HBAR recently broke out of a bullish flag pattern on the 4-hour time frame following two weeks of consolidation.

Key Scenarios:

  1. Bullish Outlook:

    A. HBAR holds above the 20-day EMA, it could invite more buyers, potentially driving gains of 40-50% in the coming months.

    B. Positive MACD and Signal lines and green histograms support a bullish continuation.

  2. Bearish Risk:

    If the breakout fails and HBAR drops below the 20-day EMA, bearish momentum may trigger profit-taking, leading to heavy selling pressure.

📊 Technical Patterns and Predictions

  • Falling Wedge Pattern: HBAR’s breakout from this pattern signals strong bullish momentum.

  • Historical Trend: Since November, HBAR has advanced by a massive 660%, showcasing its ability to recover quickly after corrections.

COINBASE: HBAR/UAS 1-D Chart | Source: TradingView

🔮 What’s Next for HBAR?

With a potential for a 40-50% price increase, HBAR is a token to watch as it navigates critical support and resistance levels.

Key Levels:

  • Support: $0.290

  • Resistance: $0.350

Investors should monitor market sentiment and broader crypto trends to capitalize on potential gains or manage downside risks.

🌟 Investor Takeaway

HBAR's breakout from key patterns and strong trading volume signal a promising bullish trend. However, sustaining this momentum is essential to avoid bearish traps.

Will HBAR hit a 40% gain soon, or will bearish forces take over? Share your thoughts below!

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