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Cryptocurrency News Articles
Hedera (HBAR) Just Flipped Bullish: Here's Why a 2.5x Surge Might Be Next
Apr 25, 2025 at 09:30 pm
After months of downward movement and a long consolidation period, Hedera price has finally shown a strong bullish breakout.
Hedera (HBAR) price has shown strength with a breakout above a major bullish consolidation zone, according to crypto analyst World Of Charts. According to him, a 2x or even higher move could be seen from here.
Major Descending Channel Broken
One of the most important technical signs comes from the breakout above a descending channel that trapped HBAR since December 2024. This channel has been pressuring the cryptocurrency price lower.
Now that it’s broken to the upside, it signals a major shift in momentum. As the analyst pointed out, the breakout is clean and powerful, with strong bullish candles appearing right after the breakout, which is often a sign that momentum is on the bulls’ side.
This is not just a random move, as it shows a pattern that has historically led to sustained uptrends in similar situations.
Image: World Of Charts
Another key detail is that Hedera price has flipped an important horizontal resistance into support. The level around $0.185 acted as a heavy ceiling for months.
Now that HBAR has closed above it, this zone is likely to become a strong base for future gains. As the analyst mentioned, this horizontal flip gives even more strength to the bullish case.
HBAR Price Targets
Based on the chart, the next logical step for HBAR is to aim for a measured move target near the $0.47 to $0.50 range. This aligns with the idea of a 2x to 2.5x rally from the breakout zone around $0.185.
Immediate support now sits at $0.185. If bulls manage to defend this level on any pullbacks, it would confirm the breakout and set the stage for a steady rise.
First resistance for the HBAR price appears in the $0.24 to $0.26 zone, which marks previous local highs. Once that area is cleared, the path toward $0.47 becomes much more open.
The technical setup around HBAR right now is hard to ignore. Hedera has broken out of a long term falling wedge, flipped major resistance into support, and is now showing signs of building a new uptrend.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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