Hedera HBAR Surges 80% From Lows – Technicals Point to Continued Bullish Momentum
Hedera (HBAR) has rallied 80% from recent lows, with technical indicators suggesting further upside potential. The token currently trades at $0.26707, marking a 2.96% gain in the latest session as bullish momentum strengthens within a clear upward trend.
Chart analysis shows a strong impulse wave from below $0.22 to over $0.31, followed by orderly consolidation. This sideways action above the $0.26 support level resembles classic continuation patterns—bull flags or pennants that often precede breakout rallies. The formation of higher lows during this compression phase signals accumulating buyer interest.
A decisive breakout above $0.28 could propel HBAR toward the $0.31 resistance level, with measured move targets extending to $0.34-$0.40. This setup mirrors historical patterns where low-volume consolidations following high-volume surges typically resolve to the upside.