HBAR $HBAR is on an upward trajectory and there are indications that this movement will continue. On the weekly chart, we are completing the formation of the "Cup and Handle" pattern, which has a high probability of continuation. At this moment, we have broken the resistance at the mouth of the cup, and the Relative Strength Index (RSI) indicator suggests an upward scenario by being above level 50, without indicating overbought conditions.
On the four-hour chart, we have already identified our support in relation to the weekly chart, as the RSI has reached the oversold level (30). When we are in an uptrend and the oversold level is reached on the four-hour or twelve-hour chart, this indicates the establishment of a new price base for the asset. This suggests that the upside potential for $HBAR could be quite significant.
But what is the maximum upside potential for HBAR? Taking a closer look at the weekly chart, we realize that we are still at the bottom of a movement known as the "Running Bottle", which could initially lead to the HBAR price reaching 0.1406 and then 0.2447.
