HBAR Crypto News: Breakout Hints at $0.31 Target
Hedera is showing signs of renewed strength after breaking free from a prolonged bearish phase. The recent breakout has caught attention as the price successfully retested key support, adding weight to a bullish continuation setup.
Traders are now watching closely for the next move higher.
Technical Setup Signals Strong Momentum
HBAR’s breakout from a descending wedge pattern marked a shift from consolidation into upward momentum. Multiple touches on the wedge boundaries validated the formation, and the breakout was confirmed as the price retested the zone successfully. This held support reflects strong demand and market confidence in the move.
Source: X
The retest phase was accompanied by healthy trading volume, an important factor…
