• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hedera's Textbook Breakout Confirmed: What's Next?

user avatar

by Giorgi Kostiuk

3 months ago


Technical analysts note potential for continued price increase in Hedera (HBAR) after confirming textbook breakout patterns. We examine the asset's prospects and challenges.

Hedera Growth Prospects

Hedera has broken out of months of consolidation and presents a bullish outlook. Analysts predict a breakout target of $0.504, representing a 75% rise from the current price of $0.279. If the price surpasses the resistance level of $0.504 and holds, an additional increase to $0.962 is possible, providing over 90% gains for investors.

ETF Narrative Shortcomings

Despite promising signals, Hedera's price momentum remains subdued, primarily due to Grayscale's announcement to file an ETF focused on $HBAR not spurring the expected rise. Historically, such announcements trigger price rallies, yet HBAR's response was muted. Currently, HBAR trades at $0.279, reflecting a 1.11% decline over 24 hours, with a trading volume of $531.32 million.

Technical Analysis: Key Price Levels

HBAR’s recent price action indicates a breakout from a descending trendline, potentially marking the start of a bullish continuation. Analysts highlight $0.504 and $0.962 as key targets. Currently, HBAR consolidates between $0.265 and $0.285. Although the market shows a neutral to oversold state, a surge in buying interest is possible. However, the price is highly dependent on short-term resistance levels.

Hedera's price is volatile, and surpassing key resistance levels is necessary for sustained growth. The potential ETF presence could change everything, but for now, investors should watch the market closely.

0

Share

Other news

SEC and Gemini Seek Pause for Mediation in $900M Crypto Case

SEC and Gemini request a 60-day pause for mediation in their $900M crypto lending case, impacting Gemini users and crypto regulation talks.

user avatarGiorgi Kostiuk

2 minutes ago

Bitcoin and CME Gap: When to Expect a Breakout or Rejection?

Bitcoin is close to the $84,418 CME gap. Traders watch the market, anticipating a breakout or a drop below $82,000.

user avatarGiorgi Kostiuk

2 minutes ago

Trump Family's Crypto Investments: Solving Banking Woes Through Innovations and Stablecoins

Trump family boosts cryptocurrency investments to tackle banking restrictions and enhance stablecoin development.

user avatarGiorgi Kostiuk

3 minutes ago

The Era of New Crypto: MAGACOINFINANCE Gains Attention in 2025

MAGACOINFINANCE attracts attention in the crypto market in 2025, offering unique opportunities and alternatives to Bitcoin and Solana.

user avatarGiorgi Kostiuk

22 minutes ago

Investors Turn to Mutuum Finance as Presale Phase 4 Gains Momentum

Mutuum Finance raises $6M in Phase 4 of presales as ETH and SOL slow down.

user avatarGiorgi Kostiuk

23 minutes ago

Joelle Pineau Leaves Meta: Future of AI Research

Joelle Pineau, Meta's VP of AI Research, is leaving. This event precedes the LlamaCon conference.

user avatarGiorgi Kostiuk

23 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.