2024

Strong

Ethena

Higher

<p>Top crypto analyst Egrag Crypto’s technical analysis of <a href="https://captainaltcoin.com/hedera-metric-suggests-hbar-price-could-still-skyrocket-despite-recent-spikes-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">HBAR price action</a> has proven accurate, as the token breaks through multiple resistance levels.&nbsp;</p>
<p>According to CoinGecko data at press time, <a href="https://www.coingecko.com/en/coins/hedera" target="_blank" rel="noopener noreferrer nofollow">HBAR has reached $0.3536</a>, marking a 41.15% increase in 24 hours and a 159.48% rise over the past week.</p>
<h2 class="wp-block-heading" id="strong-technical-breakthrough-validates-analyst-predictions-strong"><strong>Technical Breakthrough Validates Analyst Predictions</strong></h2>
<p>Egrag Crypto’s chart analysis identified the Fibonacci 0.702-0.786 zone as a decisive breakout level for HBAR. The analyst’s assessment focused on these levels, approximately between $0.2537 and $0.3209, as key resistance points.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/HBAR?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#HBAR</a> – It’s Time for the <a href="https://twitter.com/hashtag/Hbarbarians?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Hbarbarians</a> to Lead the Charge! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>We need to push through Fib 0.702-0.786 for a bullish continuation. This is the key level for the next big move! <a href="https://twitter.com/hashtag/Hbarbarians?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Hbarbarians</a> Get Ready For Barbaric Moves <a href="https://t.co/Nsk5t0zWfb" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Nsk5t0zWfb</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1863531772102787218?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 2, 2024</a>
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<p>The current price movement has validated this analysis, with HBAR successfully breaking through these barriers.</p>
<p>The token’s upward momentum aligns with Egrag’s projected trajectory, which pointed toward a potential target of $0.584. This target corresponds to the 1.0 Fibonacci level, presenting the next major resistance zone for HBAR.</p>
<h2 class="wp-block-heading" id="strong-market-performance-and-volume-indicators-strong"><strong>Market Performance and Volume Indicators</strong></h2>
<p>Trading volume for <a href="https://www.ccn.com/analysis/crypto/hbar-corrects-reaching-new-yearly-high/" target="_blank" rel="noopener noreferrer nofollow">HBAR has surged</a> to $7.8 billion over the past 24 hours. The sharp increase in volume accompanies the price breakout, suggesting strong buyer interest.&nbsp;</p>
<p>Moreover, the token continues to maintain support above its macro trend line. This line has served as a reliable foundation throughout previous price corrections.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/is-ena-set-to-climb-higher-ethena-price-analysis-revealed/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is ENA Set to Climb Higher? Ethena Price Analysis Revealed</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-technical-structure-points-to-higher-targets-strong"><strong>Technical Structure Points to Higher Targets</strong></h2>
<p>The price action follows the pattern outlined in Egrag’s analysis, which highlighted an ascending wedge formation. HBAR’s movement above the 0.786 Fibonacci level at $0.3209 strengthens the bullish market structure. The token now approaches the analyst’s projected target of $0.584, representing the next major technical milestone.</p>
<p>The sustained break above multiple Fibonacci resistance levels supports the broader uptrend identified in the technical analysis. Each support test along the macro trend line, marked by consolidation points, has preceded new price advances, establishing a pattern that continues to play out in the current market structure.</p>
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<p>The post <a href="https://captainaltcoin.com/hederas-macro-support-line-holds-strong-as-hbar-price-hits-0-35-heres-the-next-target/" rel="noopener noreferrer nofollow">Hedera’s Macro Support Line Holds Strong as HBAR Price Hits $0.35: Here’s the Next Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Hedera’s Macro Support Line Holds Strong as HBAR Price Hits $0.35: Here’s the Next Target

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