Hedera (HBAR) Gains Momentum With $0.40 Bullish Target in Sight
Hedera's native token HBAR surged 27.52% this week, outperforming mixed cryptocurrency market trends as technical indicators show bullish signals. The rally comes amid growing investor optimism, with trading volume jumping 68.8% to $866.16 million daily.
Technical analyst Solberg Invest identifies an ascending triangle formation—a classic continuation pattern—suggesting potential upside to $0.40. HBAR currently holds support at $0.1976, with market capitalization steady at $8.37 billion despite sideways market conditions.
The sustained higher lows and breakout from $0.15 consolidation demonstrate increasing buying pressure. Market participants appear unfazed by broader crypto volatility, focusing instead on Hedera's technical strength and mid-cap outperformance.
