Hedera HBAR Bulls Target $0.40 After Wedge Breakout Signals Major Reversal

Hedera HBAR has successfully broken out of a falling wedge formation, indicating a potential bullish reversal. The two-day chart reveals a decisive breach of the resistance trendline that had suppressed prices since mid-August, effectively ending an extended consolidation phase.

Analyst Steph, crypto identifies $0.24 as the critical pivot level. Maintaining trading above this threshold could confirm breakout strength and potentially trigger a rally toward $0.40—a price point not seen since early 2022. Market participants are monitoring continued momentum, with $0.22 serving as crucial support to sustain the upward trajectory.

Falling wedge breakouts typically attract increased trading volume, and HBAR's recent price action validates this pattern. The token's technical structure now suggests growing buyer dominance, positioning it among the top altcoins to watch this month.