Hedera (HBAR) has seen a significant bull run, with the price surging by 660% since November. However, in December, the price went through a correction phase before bouncing back and gaining 33% in just three days. Analysts are now eyeing a potential bullish rally that could lead to a new all-time high (ATH) by 2025.
A recent analysis by World Of Chart, a crypto page, shows that HBAR has triggered a breakout from a bullish flag pattern in a 4-hour time frame after two weeks of consolidation. If this breakout is successful, the price is expected to remain bullish for the next few months, potentially gaining 40-50% on the back of this bullish momentum.
The HBAR price has formed a falling wedge pattern on the daily time frame, but has recently triggered a breakout and displayed a decent move. If the price can sustain above the 20-day EMA, it may attract buyers and contribute to a positive impact on the overall market sentiment. However, a failure to maintain the breakout could lead to bearish momentum and increased selling.
Technical indicators such as the MACD and Signal line are currently in positive territory, with histograms flipping to green, indicating a bullish forecast. Analysts predict a bullish trend that could lead to gains of 40-50% if the current momentum continues. However, careful monitoring of price movements is essential to navigate the risks in the cryptocurrency market.
