After months of downward movement and a long consolidation period, Hedera price has finally shown a strong bullish breakout. Popular analyst World Of Charts pointed out that HBAR has broken another major bullish consolidation zone. According to his analysis, a 2x or even higher move could be on the table from here.
Let’s dive deeper into what is happening with the Hedera price and why the setup looks so promising.
What you'll learn 👉
Hedera Breaks Out of a Major Descending Channel
One of the most important technical signs comes from the breakout above a descending channel that trapped HBAR since December 2024. This channel pressured the HBAR price lower for months. Now that it has been broken to the upside, it signals a major shift in momentum.
World Of Charts emphasized that the breakout is clear and powerful. Strong bullish candles have appeared right after the breakout, which is often a sign that momentum is on the bulls’ side. This is not just a random move. It shows a pattern that has historically led to sustained uptrends in similar situations.
Another key detail is that the 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. World Of Charts mentioned that this horizontal flip gives even more strength to the bullish case.
HBAR Price Targets and What Comes Next
Based on the chart shared by World Of Charts, 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.
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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. Analysts like World Of Charts are confident that a 2x or even a 2.5x surge could happen if the key levels hold.
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