Hedera (HBAR) Breakout Signals 20% Upside Potential as Technicals Turn Bullish

Hedera's native token HBAR has confirmed a decisive breakout from a multi-week descending channel, with technical analysis pointing to a potential 20% rally toward the $0.20 resistance zone. The cryptocurrency surged 7.56% intraday to $0.15769, breaching a critical trendline that had capped prices since May.

Chart patterns reveal a textbook reversal setup, with the higher low formation prior to breakout indicating accumulating buyer interest. Key levels to watch include immediate support at $0.14781 and upside targets at $0.17728 (Target 1) and $0.20900 (Target 2). Market technicians highlight the $0.12588 swing low as a crucial risk management reference.

The bullish structure emerges as sentiment gradually improves across altcoin markets. 'This breakout presents a viable entry zone,' notes analyst Narendra Pratap Singh, with the HBAR/USDT pair now testing liquidity above its 200-day moving average on several exchanges.