HBAR Has Recently Completed a Bullish Flag Pattern, Targeting New All-Time Highs by 2025

According to World of Charts, HBAR has recently completed a bullish flag pattern. The price has formed what traders call a “bull flag” pattern.

According to World of Charts, HBAR has recently completed a bullish flag pattern.

What happened: The price of HBAR is showing signs of promise, with a recent bullish flag pattern completion, as spotted by World of Charts.

The chart analysis highlights a period of strong upward momentum, followed by a brief consolidation phase. During the consolidation, the lower boundary of the flag provided support to the price.

After a breakout from the flag pattern, the chart analysis predicts an immediate 40-30% rally in the coming weeks. The breakout point at the upper boundary of the flag is now acting as a new support level.

Further, analyst Steph is Crypto joins in with a long-term price prediction, suggesting that HBAR could reach a new all-time high by early 2025. They comment on the current breakout and how they see the broader crypto market unfolding.

Their X (formerly Twitter) post provides a macro-level outlook on the crypto market, which aligns with the ongoing bullish sentiment.

This synergy between short-term and long-term analyses presents a positive picture for HBAR in the coming months. The technical analysis pattern is suggesting an impending rally, which may serve as the initial step toward the optimistic long-term price goal.

Technical Analysis

The bullish flag breakout is a key technical pattern that is being used to support the predictions for HBAR. The lower boundary of the flag provided support to the price during the consolidation phase, and the breakout point at the upper boundary of the flag has become a new support level.

The price is now expected to rise to the projected target zone, which will be met by a strong seller presence, forming a new resistance level. As the price continues to move, it will encounter additional resistance at higher price points.