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HBAR Price Prediction: If it breaks through the $0.36 key resistance level, it is expected to challenge $1.
HBAR has once again entered the market spotlight, with prices rebounding from key support areas. The last two entry ranges have brought returns of over 800% and 125% respectively. Although the current trend is still bullish, analysts remind that the risk-reward ratio is no longer ideal and suggest that holders set stop loss to protect profits.
HBAR price strongly rebounded from the support level
According to well-known crypto analyst CryptoPatel, the price of HBAR has achieved significant rises in two key entry ranges. The first entry range is $0.04–$0.05, with the current rise exceeding 800%; the second entry point is between $0.13–$0.14, with a current return of about 125%.
CryptoPatel stated in a tweet that HBAR has made a "perfect Rebound" to the support area, with two buy signals already realized. He pointed out that although the trend remains bullish, the risk-reward ratio for chasing higher is not favorable at this point, so he recommends that holders set a stop loss below the second get on board level.
HBAR technical structure shows strong support
The HBAR price chart shared by CryptoPatel shows the two-week level since 2020. Currently, the HBAR price is maintained around $0.28, having strongly rebounded from the $0.13–$0.14 area, which has formed solid support over multiple periods and is the foundation of this round of rise.
The first significant rise came from the range of $0.04–$0.05, with HBAR soaring to $0.36, achieving over 800% returns and establishing a long-term bullish trend.
The current second wave of rise started from around $0.13 and is still ongoing, with the potential for continued upward movement.
Target Price: $0.36 If it breaks through, it is expected to challenge $1
The current key resistance level is $0.35–$0.36, which is an important suppression zone in HBAR's past rising cycles. If the price successfully breaks through, it will open up the upward space towards $0.70 or even $1.
CryptoPatel also set a short-term target range between $0.32 and $0.35, judging that there is still potential for a larger market based on current momentum. However, to reach $1, strong trading volume and continuous support from market buyers are still needed.
Trading Strategy: Holders are advised to set a stop loss, caution is needed when chasing highs
For investors holding from the second entry zone, CryptoPatel recommends setting a stop loss below $0.13 to lock in profits. Although the trend remains bullish, the risk of chasing long positions at the current level is high.
Investors need to focus on whether HBAR can successfully break through the $0.36 level. If it holds steady, the next round of rise for this cryptocurrency is expected to accelerate.
Conclusion:
The recent technical structure and return performance of HBAR have attracted a lot of attention, and whether it can break through the key resistance level will determine if it can enter a new round of main upward trend. Moderate risk control and following the movements of large holders remain important strategies for dealing with this type of market.