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After weeks of consolidation, Hedera Hashgraph ($HBAR) has finally made its move breaking out of a descending wedge pattern on the daily chart, a classic bullish reversal signal.
This breakout is significant not just technically, but also psychologically, as HBAR has now reclaimed a crucial support zone, turning it into a solid foundation for further upside.
What this means:
The bearish pressure that kept prices suppressed is weakening.
Bulls are stepping in with confidence.
Momentum indicators are starting to flash green.
Next Target: $0.38
This level is a major resistance and our short-to-mid term bullish target if momentum continues. A break above that could open the door to even higher levels.
Why it matters:
HBAR has been flying under the radar, but with this breakout, it’s catching the attention of traders and investors once again. The volume is picking up, the trend is shifting, and sentiment is improving.
What to watch now:
Retest of the breakout zone (support holding is key).
Volume confirmation and follow-through above $0.35.
News catalysts or network growth that could support the rally.