HBAR Breaks Out Strong: Analyst Expects “Massive Bullish Wave” Ahead

After several months of sideways action, the Hedera price has finally broken out of its consolidation pattern.

Hedera (HBAR) price broke out of a multi-month consolidation pattern on the 2-day timeframe, confirming a bullish flag breakout, noted ZAYK Charts, an X analyst.

This technical pattern is one of the strongest continuation setups in technical analysis. It typically forms when an asset pauses briefly after a strong upward move, then continues that move with renewed momentum.

In the case of HBAR, the flagpole of the pattern was built during a steep rally between October and December 2023. Afterwards, the Hedera price entered a long period of consolidation, forming lower highs and lower lows within a downward-sloping flag structure. This phase stretched from December 2023 to April 2025.

The breakout finally came in early May as HBAR pushed above the upper boundary of the flag with strong bullish candles. This move confirmed the pattern and suggests that a ‘massive bullish wave’ could unfold from here, according to the analyst.

HBAR Price Target: 34% Upside in Sight

Using the measured move method, which calculates the potential upside based on the height of the flagpole, the projected target for HBAR is around $0.2430. This price zone also coincides with historical levels of resistance from previous peaks, adding further technical significance to the target.

Traders are watching for signs of follow-through as crypto market sentiment continues to improve. If the breakout is sustained with strong volume, we could see this price level reached sooner than anticipated.

This breakout could mark the beginning of a new chapter for HBAR, which has been largely ranging for several months. Signals to watch for include continued volume, higher lows, or even a retest of the breakout level that flips into new support.

If these elements come together, the Hedera price could accelerate its push toward the $0.24-$0.25 range, drawing in more bullish momentum as it goes.