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Hedera HBAR Breaks Out: $0.42 Target in Sight as Bulls Take Control
Hedera HBAR Breaks Out: $0.42 Target in Sight as Bulls Take Control
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera (HBAR) has decisively broken through descending channel resistance, signaling a potential trend reversal. Currently trading around $0.24833, the cryptocurrency now faces immediate resistance in the $0.26-$0.28 range. Technical analysts note that a sustained breakout, supported by strong volume and momentum, could drive prices toward the $0.42 target.
Weekly charts confirm the bullish structure, with $0.28 serving as a critical pivot point. Traders are watching for consolidation patterns to confirm further upside potential. This upward movement follows a recovery from June lows NEAR $0.16, demonstrating renewed institutional and retail confidence in the HBAR ecosystem.
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