Hedera (HBAR) Set for Major Price Surge: Breakout Could Lead to $0.62 Target

HBAR shows signs of recovery after market turbulence, reclaiming the 14th spot in global crypto rankings.
The token breaks out of a descending triangle pattern, signaling potential trend reversal with strong volume backing.
A bounce from the 0.236 Fibonacci level sets the stage for further gains, with a long-term target of $0.62.

After weeks of heightened volatility and sustained sell-offs across the broader crypto market, Hedera (HBAR) appears to be stabilizing, and showing early signs of a potential comeback. Investors have started to regain confidence as HBAR makes a technical breakout and reclaims a spot among the top-performing digital assets.

HBAR recently climbed back into the spotlight by overtaking Toncoin (TON) and securing the 14th spot in global crypto rankings. This shift reflects renewed interest and growing momentum in the Hedera ecosystem, following a rough period of price turbulence.

Technical Breakout Signals Upside Potential

On the technical front, HBAR has broken out of a prolonged descending triangle pattern, a structure that typically signals trend reversal when confirmed. As of now, the token is trading around $0.17410, precisely within the anticipated resistance zone of $0.1700$0.1750. This level had acted as a significant ceiling for weeks but has now been breached with strong volume backing the move.

The Moving Average Convergence Divergence (MACD) indicator has flipped bullish, while a notable volume spike during the breakout adds further credibility to the rally. Price action is currently hovering around the Point of Control (POC), a key level where the highest trading activity took place, at $0.17410. The next resistance target is seen at $0.18102, with immediate support resting between $0.14 and $0.15 if a pullback occurs.

Hedera Sets Stage for Potential $0.62 Surge

Further technical analysis reveals that HBAR recently bounced from the 0.236 Fibonacci retracement level, often seen as an early confirmation of bullish continuation. Currently, the price is gearing up to challenge the next key resistance at the 0.382 level. If this level is successfully broken, it could open the door to much higher price targets.

HBAR remains inside a broader downtrend channel on the higher timeframes, but a decisive breakout from this structure would likely signal the beginning of a real rally. A long-term bullish projection points toward $0.62, which aligns with the 1.618 Fibonacci extension, a level often associated with the final leg of a strong trend continuation.

Market sentiment is cautiously optimistic. If HBAR maintains momentum and breaks through the upcoming resistance zones, it could establish itself as one of the strongest comeback plays in the current altcoin cycle. With its recent technical breakout, ranking leap, and growing interest, Hedera is once again on the radar, and may be setting the stage for a major move ahead.

Text source: TronWeekly

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