After several months of sideways action, the Hedera price has finally broken out of its consolidation pattern. Over the past three days, HBAR has surged by around 20 percent, giving traders and investors a reason to pay close attention. This sharp move could be the beginning of something much bigger if the latest technical pattern plays out.
According to ZAYK Charts, who shared an analysis on X, the HBAR price has just confirmed a bullish flag breakout on the 2-day timeframe. This pattern is considered one of the strongest continuation setups in technical analysis. It typically forms when an asset pauses briefly after a strong upward move, then resumes that move with renewed momentum.
In this case, the flagpole of the pattern was built during a steep rally between October and December 2023. After that, HBAR entered a long period of consolidation that lasted several months, forming lower highs and lower lows within a downward-sloping flag structure. This phase stretched from December 2023 all the way to April 2025.
The breakout finally came in early May 2025. HBAR pushed above the upper boundary of the flag with strong bullish candles, confirming the pattern and hinting at a potential new rally. ZAYK Charts described this move as the start of a “massive bullish wave” that could carry the Hedera price significantly higher.
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HBAR Price Target: Could It Hit $0.24 Soon?
ZAYK Charts also offered a technical price projection. 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. That would represent about 34 percent upside from the breakout level.
Interestingly, this price zone aligns with historical resistance levels from previous peaks, giving the target additional technical weight. If the Hedera price maintains momentum and sees strong volume, reaching this level could happen sooner than expected.
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Traders Watch for Follow-Through as Sentiment Builds
This breakout is more than just a short-term rally. It’s a signal that HBAR may be leaving behind months of sluggish price action and entering a new phase of growth. Traders watching the chart from ZAYK Charts are now looking for confirmation signals like continued volume, higher lows, or even a retest of the breakout level that flips into new support.
If these elements come together, the HBAR price could accelerate its push toward the $0.24 to $0.25 range, attracting more bullish momentum along the way.
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