$HBAR has been consolidating in a downward-sloping bull flag for months, following a strong move up in late 2024. ⚡ Now, we’re finally seeing a breakout attempt.
What’s interesting here is the rounded bottom structure some might see it as a potential inverse head and shoulders. That’s a bullish pattern, but only if confirmed.
🔑 Levels To Watch
📍Resistance zone: $0.2345 - $0.24
📍Break and hold above? Next targets: $0.3481 (blue) and $0.4296 (magenta)
📍The big picture projection? A potential long-term move to $1.66—but that’s a stretch without strong market support ⚠️
📈 Momentum Check
Stochastic RSI is curling upward, showing rising momentum. A bullish cross on the weekly timeframe is promising, but slow-moving—this will take time and confirmation
🧠 Final Thoughts
This is a healthy chart setup. 💹 But crypto loves fakeouts, so watch for volume and confirmation before chasing green candles.
HBAR has been making noise lately with real-world partnerships (including mentions in Nvidia-related news), and that could add fuel 🔥 if the technicals align.
What’s your take on this chart? Watching the $0.24 zone too, or seeing something different? Let’s keep it respectful and thoughtful.
