The post HBAR Price Triggered A Pullback: Can It Gain 40%? Analysts Weigh In appeared on BitcoinEthereumNews.com.

Hedera (HBAR) price has displayed a bullish rally on a wider time frame. It has advanced by 660% since November. After a massive bull run, The price displayed a correction phase in December. However, the price has managed to defend the 20-day EMA and has surged by 33% in just three days. HBAR price broke out from the bullish candlestick pattern on the daily time frame. Analysts are eyeing a bullish rally after this correction phase. They expect a new all-time high (ATH) amid this bull run in 2025. Hedera Price on the Verge of Breakout: Can Bulls Make it Big? World Of Chart is a crypto page on X that shares cryptocurrency analysis. The analyst showed that the HBAR price has triggered a breakout from a bullish flag pattern in a 4-H time frame. The breakout has come after two weeks of consolidation. Source: X If the breakout succeeds, the HBAR price would remain bullish for the next few months. Analysts believe that Hedera crypto price has the potential to gain 40-50% on the back of this bullish momentum. HBAR Price Shaped a Falling Wedge Pattern Hedera crypto was trading at $0.311 at press time, it dove 5.21% over the past 24 hours. The market capitalization was $11.09 Billion and the 24-hour trading volume was $2.02 Billion. – Advertisement – The price produced a falling wedge pattern on the daily time frame. However, the HBAR crypto price has triggered a breakout and displayed a decent move. COINBASE: HBAR/UAS 1-D Chart | Source: TradingView If the price manages to sustain above the 20-day EMA, it could invite buyers. If the cryptocurrency market remains bullish, it may leave a positive impact on the Hedera price. If bulls remain strong, it could lead to a strong bullish trend further. On the other…

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Filed under: News - @ December 25, 2024 10:25 pm