Hedera's Price Breaks Out of Falling Wedge Pattern, Signaling Potential $0.30 Increase
In the world of cryptocurrencies, Hedera (HBAR) is currently garnering attention from analysts for its potential advance towards the $0.30 target.
According to analyst Merlijn The Trader, if Hedera manages to hold the breakout level near $0.23, it could signal the continuation of the bullish trend. This view is reinforced by the current trading around $0.24, which has seen a trading volume of $183.5 million, reflecting active participation and healthy market liquidity.
A weekly chart shared by STEPH IS CRYPTO shows a strong upward movement extended into mid-2025, suggesting a prolonged bull market phase for Hedera. However, the analyst warns that a potential retracement zone could lie below $0.20 and even near $0.05, underscoring the importance of maintaining support at the current levels.
Several minor pullbacks have been followed by higher lows, indicating a market preparing for a potential upward move. The token's price has retested the breakout level, further strengthening the technical case for continued gains.
Another analyst, STEPH IS CRYPTO, suggests that Hedera may be entering the final stage of its current bull market. The chart shows a white trajectory indicating a subsequent cooling period after the projected high, hinting at a potential end to the upward phase.
The bull market phase, according to STEPH IS CRYPTO, could peak before a long cooling phase. This long-term view suggests that traders may need to monitor the end of the upward phase to manage future exposure.
The token's current market capitalization stands at $10.09 billion, ranking it as the 25th largest cryptocurrency. The breakout from a falling wedge pattern, a bullish technical formation, was reported by Merlijn The Trader.
Analystin Thea Biltz proposes a possible "end phase" of the bull market for Hedera and predicts a potential height for the token of approximately $0.30 to $0.31 US dollars by the end of 2025. Holding the breakout level near $0.23 is viewed as essential for confirming the continuation of the trend.
In conclusion, while the outlook for Hedera remains bullish, analysts are watching support near $0.233 as a crucial level to maintain bullish momentum. Traders are advised to monitor the market closely and manage their exposure accordingly.
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