Based

Rally

Momentum

Gains

<p>With a market cap of $4.208 billion, the HBAR token has skyrocketed in less than 7 days. Over the last 7 days, it has increased by nearly 100% and is now trading at $0.1117.&nbsp;</p>   
<p>In the last 24 hours, the jump of 31% has crossed the $0.10 psychological mark, increasing the chances of a new 52-week high. So, let's take a closer look at the HBAR price trend and find out the upcoming price targets for this rising altcoin.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-hedera-breakout-run-gains-momentum"><strong>Hedera Breakout Run Gains Momentum</strong></h2>   
<p>In the daily chart, the HBAR price action concludes the lower high trend formation with three consecutive bullish weeks. The uptrend has surpassed the long-coming resistance trend line.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/18164435/image-293-1024x509.png" alt="Hedera Breakout Run Gains Momentum" class="wp-image-381222">
</figure>   
<p><a href="https://www.tradingview.com/x/irjIcYnm/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a></p>   
<p>The bull run accounts for a nearly 160% surge in three weeks, crossing above and now challenging the 50% Fibonacci level at $0.1277. This Fibonacci level coincides with the 200-day simple moving average line.&nbsp;</p>   
<p>As the triple white soldier pattern forms, the triangle breakout rally is expected to gain further momentum. Currently, last week's candle has had a successful closing above the resistance trend line.&nbsp;</p>   
<p>Followed by the 24% intraday gain, the bull run is expected to cross above the 50% level. Furthermore, it reflects a rounding bottom reversal with the neckline coinciding with $0.1277.</p>   
<h2 class="wp-block-heading" id="h-will-hbar-price-hit-0-10"><strong>Will HBAR Price Hit $0.10?</strong></h2>   
<p>Based on the Fibonacci level, the bullish trending HBAR token is likely to give this rounding bottom breakout rally. With the 50% neckline breakout, the bull run is likely to surpass the $0.20 mark and hit the 78.60% Fibonacci level at $0.2609.&nbsp;</p>   
<p>In this process, the uptrend is likely to cross above the 52-week high formed at $0.1821. Supporting the bullish trend, the MACD and signal lines have given a positive crossover, reflecting a shift in momentum.</p>   
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731928545190">
  <strong class="schema-faq-question">What is driving HBAR's recent bullish momentum?</strong> 
  <p class="schema-faq-answer">The breakout from a long-term resistance trendline, triple white soldier pattern, and increased buying pressure have fueled HBAR's rally.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731928558426">
  <strong class="schema-faq-question">What are HBAR's next price targets based on Fibonacci levels?</strong> 
  <p class="schema-faq-answer">If HBAR breaks above $0.1277, the next targets are $0.20 and $0.2609, corresponding to the 61.8% and 78.6% Fibonacci levels.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731928572212">
  <strong class="schema-faq-question">Could HBAR face a price correction despite the rally?</strong> 
  <p class="schema-faq-answer">Minor pullbacks to retest breakout levels like $0.1277 may occur, but the overall trend remains bullish with strong momentum indicators.</p> 
 </div> 
</div>

HBAR Price Analysis: Bullish Rally Targets $0.20?

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