Hedera Coin Eyes 45% Rally as Analysts Spot Breakout Momentum
Analysts suggest Hedera (HBAR) could rally 40-45% if it breaks key resistance near $0.21, but risks a correction if support fails.Summary
Analysts are tracking a potential bullish setup for Hedera Hashgraph (HBAR), noting consolidation just below a descending trendline that has capped recent rallies. According to analyst World of Charts, a successful breakout and retest of resistance around $0.21 could trigger a significant 40% to 45% rally, targeting the $0.26–$0.28 zone, supported by recent higher lows since October.
However, maintaining support above $0.20 is crucial; failure to hold this level could invalidate the bullish structure. Another analyst, Jack, views HBAR as testing a decisive support at $0.188 within a descending channel since July, warning that a drop below this level could lead to a sharp correction toward $0.14.
In recent 24-hour activity, HBAR traded near $0.20, showing a 1.51% daily increase with trading volume peaking near $428 million during a rebound, indicating renewed buying interest. The market is currently at a critical juncture, where sustaining current levels above $0.194 is necessary to confirm the potential upward trend reversal.
(Source：Brave New Coin)