๐ Hedera Hash graph (HBAR) Technical Analysis: Bull Flag Breakout Signals 80% Surge by 2025! ๐๐
HBAR/USD is showing strong bullish momentum with a confirmed bull flag breakout on the 4-hour chart. Hereโs what traders need to know:
๐ Breakout Details:
HBAR broke above the flagโs upper trendline near $0.30, supported by higher trading volumes and solid momentum. ๐ฅ
Bull flags are powerful continuation patterns. The upside target is calculated by adding the height of the flagpole to the breakout point, hinting at a potential rally to $0.54 (+80%). ๐๐ธ
๐ Key Support Levels:
$0.28 (50-period EMA): First line of defense if the price pulls back.
$0.24 (200-period EMA): Strong secondary support aligning with long-term trends.
๐ Momentum Check:
The RSI at 64 remains in bullish territory, signaling room for further gains before hitting overbought conditions. ๐ฏ
๐ก TL;DR: With a bullish breakout confirmed, eyes are set on $0.54 for a potential 80% rally. Watch the support levels below for risk management! ๐ก๏ธ๐
#HBAR #TechnicalAnalysis #BullFlag #CryptoTrading ๐
*โ ๏ธ Disclaimer:*
This is for informational purposes only and not financial advice ๐ก. Crypto is risky ๐ฅ; do your own research ๐ and consult a professional ๐ผ before investing. The author is not liable for any losses ๐ซ.