HBAR Price Eyes A 40% Bull Run With A New Triangle Break!

BINANCE:HBARUSD   Hedera Hashgraph
Bullish Triangle Breakout: HBAR price shows a bullish trend with a triangle breakout.

37% Recovery Rally: The ongoing recovery rally in HBAR price eyes a breakout at $0.065.

Potential Target of $0.10: With the triangle breakout, HBAR prices could reach the $0.10 mark.

Overall Market Recovery Influence: The general market recovery is fueling bullish momentum in HBAR.

Bitcoin's Price Stability: With Bitcoin stable at around $37K, altcoins like HBAR are poised for significant growth.

Breakout Entry Signal: The recent price movements in HBAR indicate a breakout entry signal.

Overhead Resistance Challenges: HBAR faces supply challenges at overhead resistance but shows resilience.

Retracement for Momentum Regain: Following a pullback, HBAR retraces to regain momentum for a continued uptrend.

Current Trading Price: HBAR is trading at $0.064, with an intraday gain of 3.66%, indicating strong market demand.

Technical Indicators: The RSI maintains a sideways trend near the overbought boundary, and a golden crossover in EMAs suggests bullish momentum.

Price Rise Above $0.075: The potential for HBAR to rise above $0.075 is supported by the triangle breakout and market recovery.

Next Milestones and Support Levels: Post $0.075, HBAR could target $0.10, with a fallback level at $0.060.


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