Hedera’s price chart is showing some interesting moves lately. A couple of crypto analysts have been looking closely at HBAR and think we might see some big price changes soon. Their analysis covers both what could happen in the next few days and over the next year.
According to World of Charts, HBAR has recently completed a bullish flag pattern. The price has formed what traders call a “bull flag” pattern. Think of it like this: first, the price shot up straight (like raising a flag), then it moved sideways and down a bit in a narrow channel (the flag part). When prices break out of this pattern, they often start climbing again.
The analyst spotted that HBAR’s price has already broken out of this pattern. Based on how high the first move up was, they expect prices could rise another 40-50% pretty soon. The breakout point has also shifted from a resistance level to a potential new support zone, providing a foundation for further gains. While we can’t see the trading volume in their chart, these kinds of moves usually come with more people buying and selling.
Long-Term Optimism: A New All-Time High in 2025?
Looking further ahead, analyst Steph is Crypto thinks HBAR could hit its highest price ever by early 2025. They’re basing this on the current breakout and how they expect the broader crypto market to grow. While the tweet provides a macro-level outlook, it aligns with the ongoing bullish sentiment reflected in recent price action.
The synergy between these short-term and long-term analyses paints a positive picture for HBAR. The immediate 40-50% rally predicted by World of Charts may act as a stepping stone toward the long-term goals outlined by Steph is Crypto.
Technical Patterns and Market Sentiment Drive Expectations
The technical analysis supporting these predictions emphasizes the importance of the bullish flag breakout. The lower boundary of the flag served as critical support during the consolidation phase, while the breakout point at the upper boundary has become a new support level. Resistance levels are now dictated by the projected target zone, with further price movement potentially revealing additional resistance areas.
Market sentiment, reflected in both tweets, reinforces the bullish outlook. While World of Charts focuses on immediate technical patterns, Steph is Crypto’s forecast builds on broader adoption and long-term market trends. Both perspectives align to suggest that HBAR may continue to capture investor interest in the months to come.
Read Also: Is AAVE Ready to Test Support Before Its Next Move Up? AAVE Price Prediction
What to Watch Next for HBAR
As HBAR navigates its post-breakout trajectory, traders and investors are advised to monitor price action closely. A pullback to retest the breakout level as support could provide additional confirmation of the upward trend. Meanwhile, sustained volume and momentum will be key indicators of whether HBAR’s price can achieve the 40-50% rally predicted in the short term and move toward the all-time high target in Q1 2025.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
Source link
