$HBAR is coiling inside a massive wedge pattern on the chart, and the tension is building.🔥 This kind of structure often leads to explosive moves, but direction matters — and traders are watching the key levels very closely.
Let’s dive into what’s happening on the chart 👇
📐 The Setup: Wedge Formation
HBAR has been trading within a clear wedge, with lower highs and higher lows tightening the price action. This classic pattern usually signals a breakout is near — either to the upside or downside depending on how price reacts at the edges of the wedge.
Upper Trendline: This is the resistance that HBAR must break for the bullish momentum to gain strength 💥
Lower Trendline (Support): If this breaks, the wedge pattern gets invalidated, and caution is advised ⚠️
🔥 Key Technical Outlook:
📈 Bullish Scenario:
If HBAR breaks above the upper trendline with strong volume, it could spark a continuation move. Based on previous price zones, a technical target around $0.23 becomes possible — though confirmation is essential.
📉 Bearish Scenario:
A breakdown below the support line would invalidate the current wedge structure. This would suggest further consolidation or even a potential short-term pullback. Patience is key here!
🎯 Watching These Levels:
– Resistance to Break: Wedge top
– Support to Hold: Wedge base
– Potential Upside Zone: Around $0.23 (if breakout is confirmed)
⚠️ Risk Management Is Crucial
No matter how strong a setup looks, the crypto market remains volatile.
✅ Always wait for confirmation
✅ Avoid emotional trades
✅ Use proper stop-loss based on your trading plan
🙌 Final Thoughts:
$HBAR is in a decisive phase — and this wedge could be the calm before a major move. Traders often monitor such patterns for potential breakout plays, but timing and confirmation are everything.
Will HBAR push past the resistance and fly, or will support give way first? Either way, this chart deserves your attention 👀
💬 What do you think HBAR will do next?
👉 $HBAR
