HBAR Price Eyes a Potential 30% Rally – Here’s What the Charts are Signalling
BeInCrypto
HBAR is trading within a descending channel, but a breakout could trigger a 31% rally toward $0.1252, despite current bearish sentiment.Summary
Hedera (HBAR) has faced recent pressure due to broader market weakness, trading inside a descending channel after being rejected near $0.1290. Despite this, the pattern suggests that a breakout could lead to a 31% rise, targeting $0.1252. However, current market indicators suggest caution: HBAR's futures funding rate has been negative, indicating a short bias among traders, and its high correlation (near 0.96) with Bitcoin means its recovery is constrained by BTC's performance. Key resistance is at $0.0907; a successful flip could target $0.1029, while failure might lead to a drop toward $0.0710.
(Source：BeInCrypto)