Hedera Hashgraph’s native token – $HBAR

– is attracting renewed interest from technical analysts after a confirmed breakout from a long-standing bullish flag pattern on the 2-day chart. The action has come at a time of a negligible rise in price and a testing of a key technical resistance level.

The chart also suggests a potential price target near $0.4240 if the breakout momentum is maintained. That target would be greater than 100% above current levels. Analysts warn, however, that such forecasts rest too heavily on follow-through volume and larger market conditions.