HBAR Price Breaks Through Fibonacci Resistance, Bullish Trend Expected
The post HBAR Price Breaks Through Fibonacci Resistance, Bullish Trend Expected appeared on BitcoinEthereumNews.com.
Hedera (HBAR) is showing signs of bullish momentum as it reclaims the Gaussian channel, signaling the potential for a strong upward trend. The recovery within this channel suggests that it could be on the verge of a sustained rally, with analysts predicting further price appreciation. The recent price action indicates a shift in market sentiment, with HBAR holding above key support levels and breaking through resistance zones. Technical indicators, including the double bottom pattern and flipped Fibonacci level, reinforce the bullish outlook. Despite a mild dip in the past 24 hours, the overall market structure remains constructive, suggesting that it may continue its upward trajectory. Analysts are closely monitoring price movements, anticipating a breakout above $0.27 or further support at $0.26. HBAR Price Breaks Through Resistance, Bullish Trend Expected The chart shared by Steph is Crypto, indicates that Hedera has successfully reclaimed the Gaussian channel, a technical tool used to identify market trends and volatility. This recovery within the channel suggests that the token is poised for an upward move. Source:X The Gaussian channel’s significance lies in its ability to capture price volatility and market behavior. The coin’s recent success in this area supports the argument for a continued bullish trend, as it is moving above the necessary support zones. With the memecoin showing signs of strength, analysts are observing its ability to break through resistance points and maintain upward momentum. The overall outlook remains positive, as the digital asset appears set for a potential rally. Double Bottom Pattern Signals Possible Reversal According to analyst Chad, the formation of a double bottom on the token’s weekly chart is an important technical indicator. The double bottom pattern often signals a market reversal, and in its case, this suggests that the price has hit a key support level. The price action suggests…
Filed under: News - @ August 10, 2025 8:27 pm