Hedera HBAR Exhibits Bullish Signals as Correction Phase Nears Completion
Hedera Hashgraph’s HBAR is showing early signs of a bullish breakout, with technical analysis indicating a potential five-wave upward pattern forming since April lows. The cryptocurrency is currently trading at $0.19, having likely completed a broader market correction around April 7.
Market structure analysis suggests wave 1 of a new uptrend may be in progress, though HBAR has entered a typical correction phase. Such pullbacks often precede continuation of the primary trend, making this a pivotal moment for HBAR’s price trajectory.