Hedera Hashgraph (HBAR) is consolidating near a key demand zone within a descending triangle, signaling a potential bullish reversal. The current support range between $0,1600 and $0,1830 is holding firm, preventing further downside and offering a base for accumulation.

Targets Set Above as Breakout Looms

According to Rose Premium Signal’s analysis, a breakout from the descending channel could trigger a major upward move. If bullish momentum sustains, HBAR may rally toward $0,3112, then $0,3811, and potentially reach $0,4481—marking a 140% gain from current levels. With a stop-loss recommended at $0,1328, the structure presents a favorable risk/reward setup.

Broader Market Sentiment Supports Rally

HBAR is benefiting from the renewed optimism sweeping the crypto space, sparked by Bitcoin’s recent surge. This wave of bullish sentiment has lifted many altcoins, and HBAR appears poised to follow. If Bitcoin maintains its upward trajectory, it could strengthen HBAR’s breakout potential.

With strong technical alignment and a positive macro backdrop, HBAR is at a critical juncture. A confirmed breakout could initiate a major rally, making the coming weeks pivotal for the token’s next move.

ETH is currently on the path to breakout as well