HBAR Price Eyes A Breakout For 40% Extended Bull Run
The post HBAR Price Eyes A Breakout For 40% Extended Bull Run appeared first on Coinpedia Fintech News
In the bull market, the altcoins are ending their hibernation phase and picking up pace as the Bitcoin forms a new all-time high. Amidst this recovery, the HBAR price shows a positive trend gaining momentum with a surge in trading volume.
Moreover, the Hedera price surpasses the psychological mark of $0.10 and projects a stronger trend on the upside. As the buyers continue to fuel the uptrend, the bull run gains momentum teasing a new breakout run.
Well, as the demand grows in the altcoins sector, the HBAR price predictions hint at a bull run to $1.
Is Hedera Fast Enough To Cross $0.15?
With a double-bottom breakout in the weekly chart, the HBAR price ignites a trend reversal, driving the ongoing bull run. This breakout rally surpasses the psychological mark of $0.10 and accounts for a 90% hike in the market value.
Source- TradingView
Further, the price jump comes with a surge in trading volume, resulting in five consecutive bullish candles in the weekly chart. Currently, the HBAR price is trading at $0.1372 with an intraday gain of 8.72% as the bulls are on a buying spree.
Further, the bullish reversal in the 50 EMA teases a golden crossover event in the weekly chart.
Technical indicator:
RSI indicator: The daily Relative Strength Index (RSI) exhibits a bullish surge, surpassing the 70% threshold to venture into the overbought territory.
Also Read: GRT Price Prediction: Buyers Set Graph For $0.50 Breakout
Will HBAR Price Rise To $0.25?
In the weekly chart, the bull run surpasses the $0.13 mark and awaits a bullish closing for a further uptrend. Further, the crossing event can bring an entry opportunity for sideline traders if the day ends on a bullish note for Hedera.
Considering the uptrend sustains above the 23.60% Fibonacci level, the HBAR price can reach the 50% Fibonacci level at $0.24. However, a potential pit stop is possible at $0.20.
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