Well, well, well! It looks like Hedera (HBAR) just broke out of a falling wedge like it’s late to the party. Analyst Merlijn The Trader confirms that it was a classic, picture-perfect breakout near $0.23. And guess what? That means the downtrend’s over and the good times are rolling in! Cue the confetti! 🎉💸
After a successful retest (because what’s a breakout without a proper retest, am I right?), Merlijn’s all giddy about a potential move toward $0.30-or maybe even higher. Oh, and market participation is up, which means the big-money folks are getting in on this action too. Go ahead, break out the champagne! 🍾🥂
Now, let’s not forget about analyst STEPH IS CRYPTO, who’s got his eye on a potential “final wave” of this bull market. The weekly chart is all green and rosy, showing a nice rally through mid-2025. He’s thinking prices might hit $0.90 before taking a little nap for a “cooling phase” (seriously, who doesn’t love a good cooldown after a bull run?).
The Falling Wedge: Where HBAR Climbs Out Like a Champ!
Hold onto your hats, folks! HBAR’s native token just smashed through a falling wedge pattern like it was nothing. This bullish technical formation usually signals an uptrend, and Merlijn couldn’t be more thrilled about it. He reported on X (where else?) that the token went above the resistance line, confirming that this breakout is not just a fluke.
But here’s the kicker: the retest went swimmingly! So, Merlijn’s calling for a target price of $0.30 or more, as long as the price keeps hanging out above that $0.23 breakout zone. Stay steady, HBAR-don’t go falling again, okay?
What’s Next? A Bull Market Phase to End All Bull Markets!
Meanwhile, STEPH IS CRYPTO is looking at the bigger picture, saying we’re about to enter the last stage of this bull run. The weekly chart? It’s looking greener than Kermit the Frog on St. Patrick’s Day. 🚦
In this glorious phase, Hedera could rise like a phoenix, breaking through resistance levels beyond $0.60, possibly even hitting $0.90 before taking a nice long snooze. But don’t get too comfortable-after the highs, there’s always a cooling-off period. And by cooling off, I mean prices could dip below $0.20-yikes! Better keep your seatbelt on for this ride.
The chart even has a white line showing where the cooling happens after the peak. If you’re holding, you might want to consider using your “cooldown” time to mentally prepare for what’s coming. 📉
How’s the Market Moving? More Like Running!
For the last 24 hours, HBAR’s been doing its thing, trading between $0.233 and $0.24, making a neat little 1.07% gain. Volume hit $183.5 million-looks like people are seriously into it, and the liquidity’s healthy! HBAR’s sitting pretty with a market cap of $10.09 billion, making it the 25th largest cryptocurrency. Pretty impressive, huh?
During the September 16 trading session, HBAR was dancing between $0.233 and $0.238. It did a little shuffle with minor pullbacks and then rose like it had something to prove. Higher lows were showing up, and midday saw a spike testing $0.238. Looks like the market’s prepping for a lift-off. 🚀
Key Levels: The $0.23 Zone-Don’t Let It Slip Away!
Analysts are all eyes on the $0.233 level, which is the golden ticket for maintaining this bullish trend. If HBAR can stay above this point, the road to $0.24, then $0.30, will be wide open. So, if you’re holding, keep an eye on that breakout level! The future looks bright… or at least, it’s trending that way. 📈
If the volume stays strong and HBAR keeps doing its thing, this could be the start of something beautiful-like a crypto love story with a happy ending. 💖
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2025-09-17 19:06