In the midst of the feeling of the current lower market, Hbar, the native token of Hedera, is ready for an impressive gathering because it broke out of an Haussier price action model. On February 28, 2025, following the opening bell of the American market, most of the assets began to undergo a price rebound.
Hbar Breakout Bulle
Hbar witnessed an increase up of 7.5%, and with this price wave, the asset has reached a crucial level of resistance of $ 0.20 and is ready for an escape. Currently, Hbar is negotiated nearly $ 0.21 and has earned more than 6.5% in the last 24 hours.
During the same period, his upward momentum resulted in an increase in the participation of merchants and investors, which led to a 70% leap in trading volume.
Hbar technical analysis and future level
According to an expert technical analysis, Hbar seems bullied because it broke out a double -low optimistic -bottomed price action model for the four -hour period. Based on the impulse of historic prices, if the Altcoin closes a four-hour candle above the level of $ 0.21, there is a high possibility that it can rise by 20% to reach $ 0.25 in the coming days.
Chanting uptime metrics
After the escape, the feeling seems to move towards the positive side. The traders bet on the bullish side, while investors accumulate tokens, as reported by the analysis company on Coinglass chain.
The Flow / Out Spot Data flow reveals that the exchanges have experienced a speed of $ 2.50 million in Hbar in the last 24 hours, indicating potential accumulation, which could cause purchase pressure and an upward rally.
In addition to the upward prospects of investors and long -term holders, intraday traders also seem to increase their bets on the bull side, the bulls currently dominating the asset.
At the time of the press, Paris merchants on the long side are over $ 0.1999, where they built a value of $ 3.10 million in long positions. Meanwhile, $ 2.18 is another over-move level where Paris traders on the short side built for $ 1.34 million in short positions.
By combining these metrics in chain with a technical analysis, it seems that the bulls are currently in control, and Hbar could soon soar.
