CandleFocus HBAR Breaks Descending Triangle, Targets 2024 High at $0.18
2024-11-22
Author: Content Editor
Hedera Hashgraph (HBAR) has broken out of a long-term descending triangle pattern, indicating a bullish move. The cryptocurrency has surged by over 89% in just a week, reaching a local high of $0.12. Traders are eyeing the $0.15-$0.18 range as the next target, with volume and momentum suggesting further upside potential. Analysts predict that HBAR could reach $0.40 and its market cap could 20x, reflecting its undervalued status and growth potential. Positive funding rates indicate strong bullish sentiment. However, there has been a modest pullback in HBAR's price, and its ability to reach the $0.18 target remains to be seen.
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