The price of Hedera (HBAR) is showing signs of potential growth. The charts reveal a bullish pennant pattern, often indicating possible price movements.
HBAR Chart Analysis
The price of Hedera is squeezed between two trendlines, forming a triangle. This compression often leads to a significant movement. Analyst World Of Charts believes a breakout could lead to a 60-65% bullish wave.
Hedera Support and Resistance Levels
The lower trendline in the chart is a key support level for HBAR. The upper line, where the price has stopped several times, acts as resistance. Breaking through this limit could significantly drive the price up.
Analyst Forecasts and Chart Indicators
Forecasts from World Of Charts align with the technical indicators on the chart. The triangle pattern typically leads to a strong move, supporting the theory of Hedera's price surge.
Hedera's price movement draws analyst attention, with many anticipating substantial growth. All eyes are on the key resistance level that might trigger a new upward trend.
