An analysis from ALLINCRYPTO suggests Hedera (HBAR) could be at a turning point. The Hedera token has been holding strong at vital support zones, and technical indicators hint at the possibility of a substantial rally.
While the analyst’s ambitious $2.23 target might raise eyebrows, the underlying patterns suggest growing momentum. If HBAR can clear its stubborn resistance levels, it could see the kind of explosive movement that crypto traders live for. However, volume remains a decisive factor in confirming the next leg upward.
In his tweet, ALLINCRYPTO emphasized that HBAR’s upward journey is intact, citing bullish formations and a strong price structure. He noted that he is now watching for volume confirmation, expecting an explosive 2025 for the asset.
$HBAR journey is ready to continue with a bunch of technical patterns taking us there, the biggest being $2.23. I am just waiting for volume to reassert. Hold on Hbarbarians its going to be an epic 2025!!🚀 pic.twitter.com/IVTHkad76M
— ALLINCRYPTO (@RealAllinCrypto) January 29, 2025
What you'll learn 👉
HBAR’s Technical Analysis Supports Bullish Outlook
HBAR’s price action exhibits a bullish pennant formation, a widely recognized continuation pattern. The structure consists of an initial rally (flagpole) followed by a period of consolidation (pennant), often preceding another upward move.
According to an analysis of ALLINCRYPTO’s chart, a breakout from this pattern could trigger a push toward $0.50+ in the short term. The market structure remains intact, with higher lows reinforcing the bullish trend. The 30-day simple moving average provides support, indicating strength in the ongoing trend.
Key resistance levels stand at $0.38, $0.50, and $0.72, while a sustained break above $0.96 could validate the ambitious $2.23 macro target. The chart analysis suggests a potential acceleration if buying momentum resurfaces. At publication, HBAR trades at $0.3111, up 2.5% for the day.
Read also: Polygon (POL) Could Dip Another ~50% as Price Falls Below Key Support Level
Volume Holds the Key to Hedera’s Breakout
Despite the bullish setup, trading volume has declined since HBAR’s recent surge. Historically, low volume during a pennant formation is normal, but a decisive breakout requires renewed interest from buyers.
The expert highlights that a volume spike could confirm market conviction, potentially igniting the next strong upward move. If demand resurfaces, the breakout could gain traction, reinforcing the overall bullish narrative.
The analyst remains optimistic about HBAR’s future, but confirmation above key resistance levels is crucial. A breakout beyond $0.38–$0.40, coupled with increased volume, could validate the next upward phase.
For now, ALLINCRYPTO urges patience, emphasizing that technical patterns still support long-term bullish potential. With market conditions evolving, HBAR’s trajectory in 2025 could be one of the most explosive yet if momentum reasserts itself.
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