The Hedera HBAR chart shows positive changes. After a prolonged consolidation period, the price of HBAR has significantly increased. Analyst Ali shares his forecasts for future price movements.
Current Situation and Breakouts
Hedera (HBAR) has surpassed the $0.215 level, reaching $0.238, representing a rise of more than 23% in one move. This breakout occurred after the price had been trading between $0.145 and $0.215.
Key Levels for Further Growth
Analyst Ali pointed out that the next significant resistance is at the $0.36 level, which has historically served as a ceiling for price rallies. Breaking this level could signal a larger upward movement.
HBAR Prospects and Trading Volume
It is currently important to watch volumes. If the movement towards $0.29 or $0.36 occurs on declining volume, it may indicate weakness. However, high volume would suggest new buyers are entering the market, potentially leading to further progress.
Thus, HBAR is in a phase of monitoring critical support and resistance levels. Breaking the $0.36 level could open the door to higher prices, while the market continues to respond to buying dynamics and volumes.
