After months of descending motion and a long period of integration -together, the hedera price finally showed a strong bullish breakout. The famous analyst world of charts pointed out that HBAR has broken another major bullish consolidation zone. According to his review, a 2x or even higher move may be on the table from it.
Dived deeper into what's going on with the price of the heldra and why the setup looks so difficult.
Hedera separated from a major downward channel
One of the most important technical signs came from the breakout above a downward channel trapped in HBAR since December 2024. This channel forced HBAR prices for less than months. Now that it is broken upside down, it indicates a major move to momentum.
The world of charts emphasized that the breakout is clear and strong. Strong bullish candles appear after the breakout, which is often a sign that momentum is on the bulls side. This is not just a random move. It shows a pattern with a history that leads to prolonged revolting in similar situations.
Another key detail is the Hedera price has flipped an important horizontal resistance to support. The level around $ 0.185 has acted as a heavy ceiling for months. Now that HBAR has closed above it, this zone is likely to be a strong basis for future acquisitions. The World of Charts noted that this horizontal flip provides more strength in the bullish case.
HBAR price targets and what's next
Based on the chart shared by the World of Charts, the next logical step for HBAR is the goal for a measured target moving near $ 0.47 to $ 0.50 range. It aligned with the idea of a 2x to 2.5x rally from the breakout zone around $ 0.185.
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The immediate support now is sitting at $ 0.185. If the Bulls manage to defend this level with any pullback, it will confirm the breakout and set the stage for a steady increase. The first resistance for HBAR prices will appear in the $ 0.24 to $ 0.26 zone, which marks past local highs. Once that place is closed, the path to $ 0.47 becomes more open.
The technical setup around HBAR today is difficult to ignore. Hedera was damaged from a long -term wedge collapse, with -flip the main resistance to support, and now shows the signs of developing a new climb. Analysts such as the World of Charts are confident that a 2x or even a 2.5x surge can occur if the basic levels are handling.
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