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Hedera (HBAR) Primed for Breakout with $2.00 Target in Focus
Hedera (HBAR) Primed for Breakout with $2.00 Target in Focus
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's native token HBAR is displaying strong technical indicators pointing to a potential breakout. Market analysts forecast a multi-year climb toward the $1.50-$2.00 range, backed by a solid accumulation phase and bullish market structure.
Currently trading around $0.26, HBAR is testing the upper Bollinger Band—a key pivot level for potential upward movement. Chart analysis reveals a rounded bottom formation, typically signaling sustained buying pressure transitioning into rapid price gains.
Momentum indicators like the Chaikin Money FLOW remain strongly positive, confirming steady capital inflows. This technical setup resembles historical patterns where similar accumulation phases preceded significant altcoin rallies.
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