Hedera HBAR Eyes Breakout Above $0.161 as Bulls Target Rally
Hedera (HBAR) is showing bullish momentum as it consolidates above the $0.154–$0.156 support zone. Traders are eyeing a breakout past $0.161, which could push the token toward $0.172—a key Fibonacci retracement level and mid-June resistance.
Technical analysis indicates a higher-low pattern and bullish flag formation, signaling potential upside. A sustained move above the demand zone with rising volume could deliver an 11% gain. However, a drop below $0.154 WOULD invalidate the bullish outlook.