Hedera (HBAR) Breakout Signals Bullish Reversal, Targets $0.38
Hedera's HBAR has broken out from months of consolidation within a falling wedge pattern, surpassing resistance in early July. This technical breakout sparked a 71.91% rally, driving the price from $0.14 to $0.26 in less than two weeks.
Technical analysis shows a classic bullish reversal, with the descending channel breakout confirmed by increasing volume and sustained accumulation. The pattern suggests a profit target range between $0.26 and $0.37, with Fibonacci extensions pointing toward $0.37748.
The market structure has clearly shifted, as confirmed by the wedge breakout's validation through follow-up price action. This mirrors historical patterns where falling wedges signal trend reversals, with HBAR's volume profile supporting further upside potential.