Hedera is grabbing attention in the crypto market with its resilience. Analysts suggest its price might see a significant increase.
HBAR Chart Analysis
Crypto expert Levi's analysis shows that HBAR's price is trading within a defined range, supported by a strong base between $0.280 and $0.300. This support zone consistently prevents further declines, highlighting robust buyer interest. A descending trendline was recently breached, indicating a shift toward bullish momentum. The next resistance level is at $0.400, and a breakout could lead to a rally toward $0.450 or higher.
Community Optimism Around HBAR
Prominent voices in the crypto community have amplified the bullish sentiment around HBAR. Levi emphasized the token's independence from broader market trends, highlighting its resilience. Further, speculation about MicroStrategy acquiring the token suggests a potential 100% price jump in one day.
Support and Resistance Levels
Technical indicators suggest building bullish momentum for HBAR. The break above the descending trendline signals diminishing seller control, with the $0.280 to $0.300 support zone remaining strong. Analysts have marked $0.400 as a critical resistance level to watch.
The combination of technical patterns, strong community support, and institutional interest speculation positions HBAR as a token to watch. Its future movements might determine if it meets the high expectations of its supporters.
