HBAR Token Shows Potential for 50% Growth as Breakout Looms
Hedera Hashgraph's token, HBAR, is showing signs of potential growth. Analysts predict a rally if it breaks a descending trendline, with targets up to $0.40. The token is currently consolidating around $0.19-$0.21, with a critical demand zone at $0.18-$0.20.
HBAR has been fluctuating between $0.205 and $0.225 over the past day, with a slight decline of about 1.24%. An inverse head and shoulders pattern is forming, which could signal a trend reversal if resistance breaks. A push through the trendline could accelerate momentum toward $0.30 and beyond.
If the breakout scenario plays out, the next major target for Hedera is around $0.30. Confirmation above $0.225 would be an early signal of renewed strength, with $0.30 acting as the next milestone for buyers. However, the $0.18-$0.20 area is a critical demand zone that could negate the identified pattern if broken.
Analysts predict HBAR could potentially grow by up to 50% if the trendline breaks, with the next major target zone around $0.30. The projected targets for bullish continuation extend toward $0.40 in the medium term, provided broader market sentiment improves and volume expands. However, the critical demand zone at $0.18-$0.20 could negate these predictions if broken.
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