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Hedera HBAR Tests Key Support at $0.23 as Analysts Eye Potential 70% Rally to $0.40
Hedera HBAR Tests Key Support at $0.23 as Analysts Eye Potential 70% Rally to $0.40
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera Hashgraph (HBAR) is currently testing critical support at $0.23, with analysts predicting a potential 70% surge to $0.40 if the level holds. The 4-hour chart shows an ascending triangle formation—a classic bullish continuation pattern. A breakout above the $0.265-$0.27 resistance zone could accelerate momentum toward $0.30.
Market analyst Fresh describes current prices as a "huge discount," while Jireon points out that the RSI nearing oversold conditions may trigger a rebound. However, failure to hold $0.25 risks a retest of lower demand zones NEAR $0.24, potentially delaying an upward reversal. The next few trading sessions will be crucial for HBAR's near-term trajectory.
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