Fun

HBAR Breaks Above Massive Falling Wedge – Expert Sets $0.38 Target

News Feed - 2025-04-24 01:04:13

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Hedera Hashgraph (HBAR) is showing strong signs of recovery, surging over 20% in the past week as bullish momentum sweeps across the broader crypto market. Despite continued macroeconomic uncertainty and global financial instability, Bitcoin’s recent price jumps have reignited optimism, lifting the entire market with it. HBAR is now trading near a critical resistance level, and traders are watching closely for confirmation of a sustained uptrend. Related Reading XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead? 18 hours ago


Top analyst Carl Runefelt shared insights on X, noting that HBAR has officially broken out of a massive falling wedge pattern—an important bullish technical signal. Falling wedge breakouts often precede sharp upside moves, especially when backed by strong volume and broader market support. As HBAR rides this momentum wave, investors are eyeing higher targets if key resistance levels are flipped into support.


With renewed risk appetite across crypto and leading assets like Bitcoin paving the way, HBAR could be positioning itself for a significant continuation rally. However, market conditions remain volatile, and any pullback from broader sentiment shifts could test HBAR’s strength. For now, bulls appear to be in control—and if the breakout holds, HBAR may soon target fresh local highs. HBAR Eyes Continuation Amid Renewed Crypto Momentum


Hedera Hashgraph (HBAR) is trading at a crucial turning point as bulls continue to apply pressure following a sharp breakout from a long-standing downtrend. The asset remains over 50% down from its local highs earlier this year, but recent developments suggest that HBAR could be gearing up for a strong reversal, especially as broader market sentiment begins to improve.


Global tensions and ongoing trade war fears between the US and China continue to rattle equities and traditional markets. However, crypto assets are beginning to diverge from this trend, with Bitcoin leading a notable move higher that has started to lift altcoins like HBAR. This decoupling could mark the beginning of a fresh rotation into digital assets as investors seek growth outside of conventional markets.


Runefelt insights highlight that HBAR has broken out of a massive falling wedge pattern, typically a bullish reversal signal. This breakout confirms the potential for upward momentum, especially if HBAR can continue to push through current supply zones. The next key target sits around the $0.38 level, but for that to materialize, bulls must maintain pressure and sustain higher lows in the coming sessions. HBAR breaking above falling wedge pattern | Source: Carl Runefelt on X


If momentum holds and macro fears ease even slightly, HBAR could be poised to surprise the market with a sharp rally. Related Reading Ethereum Holds Above MVRV Band Low – A Final Dip Before Recovery? 23 hours ago Price Tests Key Resistance Amid Bullish Momentum


HBAR is currently trading at $0.185 as it tests a critical resistance zone around the 200-day Exponential Moving Average (EMA). Bulls are now aiming to reclaim the $0.20 level, which also aligns closely with the 200-day Simple Moving Average (SMA). A clean breakout above this range would confirm the bullish momentum and potentially open the door for a rally toward higher levels, including the $0.25 mark. Price testing key resistance | Source: HBARUSDT chart on X


After surging more than 20% in the past week, HBAR’s price action is showing early signs of strength, but confirmation is needed. Holding above $0.185 and pushing through the $0.20 barrier would validate the recent breakout from a falling wedge pattern and suggest that bulls are in control.


However, the rally remains fragile. If HBAR fails to hold above the $0.175 level, it could face a deeper retracement and return to previous support zones near $0.15. That would invalidate the current breakout structure and increase bearish pressure. Related Reading Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? 2 days ago


Traders are now watching closely as HBAR battles with long-term moving averages—levels that often serve as a dividing line between bear and bull phases. The next few sessions will likely determine whether HBAR confirms its uptrend or returns to consolidation.


Featured image from Dall-E, chart from TradingView 

News Feed

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Yesterday’s Gains 
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Yesterday’s Gains  BTC was marginally lower to start the weekend, as crypto prices consolidated
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies South Korea’s tax administration has pledged to take strict measures against tax evasion through virtua
Australia's securities regulator appeals loss in Finder Wallet case
Brayden Lindrea8 hours agoAustralia"s securities regulator appeals loss in Finder Wallet caseASIC argues a federal court judge “erred” in finding that Finder Earn was not a “debenture” — and thus compliant with
Tezos Announces Major Upgrade to Improve Network Functionality
Tezos Announces Major Upgrade to Improve Network Functionality Open-source platform Tezos has just announced Edo, its fifth and most ambitious upgrade to its blo
Nearly 80% of hacked cryptocurrencies never recover in price — Immunefi
Zoltan Vardai11 hours agoNearly 80% of hacked cryptocurrencies never recover in price — ImmunefiCrypto protocols usually sustain real damage after the exploit occurs, but some tokens are more resilient.676 Total views4
Ezra Reguerra10 hours agoBinance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’Binance CEO Changpeng Zhao wrote that decentralized finance will continue to accelerate, and more people will int
Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator
Digital Asset Exchange Platform Granted "Crypto Financial Services Provider License" by Israeli Regulator An Israeli capital markets regulator, the Insurance and Savings Capital Ma
Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation
Este artículo también está disponible en español. Litecoin is on the verge of breaking multi-year highs at the $147 level, defying the overall negative sentiment in the c
NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens
NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting
EigenLayer sees over 12,000 queued withdrawals — How far will TVL fall?
Zoltan Vardai45 minutes agoEigenLayer sees over 12,000 queued withdrawals — How far will TVL fall?Mass withdrawals started on April 29 after EigenLayer’s decision to ban U.S. and Canada-based participants from its up
Vanguard’s new boss says Bitcoin ETF not on the table: Report
Martin Young5 hours agoVanguard’s new boss says Bitcoin ETF not on the table: ReportSalim Ramji wants to stick with Vanguard’s investment philosophy which excludes offering Bitcoin as it is too speculative an asset.1
Record-Breaking Day: Spot Bitcoin ETF Trading Exceeds $3 Billion As BTC Eyes Record Peak
Este artículo también está disponible en español. As Bitcoin (BTC), the largest cryptocurrency by market capitalization, inches closer to its all-time high of $73,700 rea