Hedera (HBAR) is drawing attention again due to analytical forecasts and a successful network upgrade. A significant price increase is anticipated.
HBAR Chart Analysis
Analyst Steph Is Crypto noted that the HBAR price chart shows a similar structure to the one seen prior to the previous breakout in late 2024. The chart indicates that HBAR, trading in the range of $0.19–$0.24, has crossed both bearish and bullish zones, potentially suggesting another surge.
Key Price Zones and Support Levels
HBAR is testing resistance near $0.24–$0.25, which could determine further movement upward. Support is noted around $0.14–$0.16, coinciding with recent higher lows. Traders are watching for confirmation of a breakout above $0.25 to restore positive market sentiment.
HBAR Price Outlook Based on Prior Behavior
If the current pattern on the chart mirrors the events of late 2024, HBAR may attempt to return to previous highs in the $0.30–$0.35 range. The expected timeframe mentioned in the analysis is 4-5 weeks, which could indicate similar growth following the last breakout.
Hedera's successful upgrade to version 0.63 and the resemblance in price structures attract trader interest. Attention will be focused on HBAR's price behavior near the $0.25 resistance level.
