🚀 Hedera Hash graph (HBAR) Technical Analysis: Bull Flag Breakout Signals 80% Surge by 2025! 🌟📈
HBAR/USD is showing strong bullish momentum with a confirmed bull flag breakout on the 4-hour chart. Here’s what traders need to know:
📊 Breakout Details:
HBAR broke above the flag’s upper trendline near $0.30, supported by higher trading volumes and solid momentum. 💥
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%). 🌈💸
🔑 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.
📊 Momentum Check:
The RSI at 64 remains in bullish territory, signaling room for further gains before hitting overbought conditions. 🎯
💡 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! 🛡️🐂
#HBAR #TechnicalAnalysis #BullFlag #CryptoTrading 🌐
*⚠️ Disclaimer:*
This is for informational purposes only and not financial advice 💡. Crypto is risky 💥; do your own research 🔍 and consult a professional 💼 before investing. The author is not liable for any losses 🚫.