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Hedera HBAR Breaks Out: Triangle Pattern Signals Potential Rally to $2.00
Hedera HBAR Breaks Out: Triangle Pattern Signals Potential Rally to $2.00
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera (HBAR) has surged past critical resistance levels after breaking out from a symmetrical triangle pattern, sparking Optimism among traders. The weekly HBAR/USDT chart shows a strong upward trend, with prices jumping from $0.20 to $0.70 in just weeks. This bullish momentum, fueled by short liquidations and speculative interest, suggests potential targets of $1.00 and $2.00 if the rally continues.
However, the lack of consolidation raises the risk of a sharp pullback if buying pressure weakens. Intraday trading shows minor retracements, but the overall structure remains bullish. Traders are closely monitoring whether HBAR can sustain its parabolic rise or face profit-taking NEAR key psychological resistance levels.
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