The post Hedera (HBAR) Eyes Bull Target at $1 After Powerful Breakout Formation appeared on BitcoinEthereumNews.com.

Hedera is drawing renewed market attention as bullish momentum accelerates following a breakout from its prolonged consolidation phase. Analysts highlight growing volume, steady price structure, and technical signals that suggest the foundation for a potential move toward the first major bull target at $1. HBAR Calls for potential Upside Toward $1 In a recent X post, analyst Jesus Martinez projected an aggressive bullish target for the asset, setting sights on a potential climb toward $1. The chart shared by Martinez depicts a clear breakout from a multi-week consolidation pattern, supported by expanding volume and strong bullish candlesticks—both classic signs of renewed buyer dominance. Source: X Following the surge, the asset entered a short period of sideways consolidation just below the breakout level, forming a tight trading cluster marked by the circled region on the chart. This brief pause is interpreted as a healthy retest of the breakout zone, allowing the market to absorb gains before attempting another leg upward. Historically, such consolidations after breakouts often precede continuation rallies, provided that buying pressure remains consistent and resistance levels are successfully flipped into support. Momentum Builds Despite Cautious Trading According to BraveNewCoin data, Hedera maintains a market capitalization of approximately $9.75 billion and a daily trading volume of over $350 million. The network’s recent price surge has positioned it among the top-performing large-cap altcoins of the month, fueled by increasing ecosystem activity and renewed investor sentiment across the layer-1 sector. Source: BraveNewCoin Despite the latest pullback, the token remains comfortably above its June–July support base, where the prior accumulation phase began. Analysts suggest that if the asset continues to hold this base, the broader structure could form a sustained bullish channel, with the next major resistance zone appearing around $0.30–$0.32, a breakout beyond which would open the pathway toward higher psychological levels,…

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Filed under: News - @ October 8, 2025 6:25 am