HBAR price analysis: Is a bullish breakout inevitable? – BitRss

• HBAR forms a bullish pennant with $0.31 as key resistance for potential breakout.
• Rising open interest and steady development activity strengthen HBAR’s bullish momentum.

Hedera [HBAR] continues to captivate market attention as its price action suggests a strong bullish breakout is on the horizon. 

Trading at $0.2715, up 4.98% at press time, the coin’s technical patterns indicate that early 2025 could be pivotal for its price trajectory. Therefore, traders are increasingly analyzing whether HBAR can sustain its momentum.

HBAR chart analysis – setting the stage for a breakout

HBAR’s daily chart reveals a textbook bullish pennant pattern, a consolidation phase …