In the midst of the constant Bearish market sentiment, HBar, the native token of Hedera, is ready for an impressive rally because it is broken from a bullish price pattern. On February 28, 2025, after the opening bell of the American market, most assets started to experience a price distance.
HBAR BULLISH BRAKOUT
Hbar has witnessed an up -like momentum of 7.5%, and with this price dump it has actively reached a crucial resistance level of $ 0.20 and is ready for an outbreak. Currently, HBAR acts nearly $ 0.21 and has won more than 6.5% over the past 24 hours.
In the same period, the upward momentum has yielded an increase in the participation of the trader and investors, resulting in a jump of 70% in the trade volume.
HBA Technical analysis and the coming level
According to the technical analysis of experts, HBAR Bullish seems because it is broken from a bullish price pattern with double bottom on the four -hour period. Based on the historical price momentum, if the Altcoin closes a four -hour candle above the level of $ 0.21, there is a strong possibility that it could rise by 20% in the coming days to reach $ 0.25.
Bullish on-chain statistics
After the outbreak, the sentiment seems to shift to the positive side. Traders bet on the bullish side, while investors collect tokens, as reported by the On-Chain Analytics company Coinglass.
Data from Spot -entry/outflow shows that exchanges have seen an outflow of $ 2.50 million in HBAR in the last 24 hours, which indicates potential accumulation, which could stimulate the purchasing pressure and an upward rally.
In addition to the bullish prospects of investors and long-term holders, intraday traders also seem to increase their bets on the bullish side, with bulls that are currently actively dominating.
At the time of the press, traders who are gambling on the long side are overlap at $ 0.1999, where they have built $ 3.10 million in long positions. In the meantime, $ 2.18 is another over-level level where traders betting on the short side have built for $ 1.34 million in short positions.
By combining these on-chain statistics with technical analysis, it seems that bulls are currently in control and that HBA will soon be able to rise.