Rise

The post <a href="https://coinpedia.org/price-analysis/hbar-price-on-a-crazy-bull-run-with-this-breakout-eyes-0-10/" rel="noopener noreferrer nofollow">HBAR Price On A Crazy Bull Run With This Breakout, Eyes $0.10!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Ranking the highest in the top Altcoins list of highest gainers today, the HBAR price is entering a high-speed recovery rally. Prolonging the Uptober rally to reach new heights, the bulls gatecrash multiple resistance levels and head higher to $0.10.
Further, the breakout of the trend continuation pattern in the weekly chart signals a longer sprint for Hedera. Therefore, the HBAR price predictions remain optimistic and tease a bullish 2024.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-1024x483.png" alt="" class="wp-image-253796" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-1536x724.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/15133727/HBARUSD_2023-12-15_13-28-29.png 1805w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source- <a href="https://www.tradingview.com/x/eYCfEXeU/" rel="noopener noreferrer nofollow">TradingView</a>
With a recovery trend of reaching a 36% hike in the last 15 days, the December growth rate for HBAR price is growing remarkably. Crossing the $0.080 mark, the altcoin makes two strong bullish engulfing candles in the weekly chart, ready to create a new 52-week high above $0.09886.
Taking a slightly different approach, the comeback trend also marks a rounding bottom pattern with a neckline at the $0.09886 mark. Currently, the daily price trend showcases straightforward growth with four consecutive bullish candles, accounting for a jump of 20%.
However, the HBAR price trades at $0.08446 with a long wick candle and teases a retest phase coming soon.&nbsp;
Therefore, the short-term analysis signals a retest of $0.075; meanwhile, the uptrend will not quickly lose momentum before reaching the $0.10 mark.&nbsp;
Technical indicator:
MACD indicator: The MACD and signal lines signal a strong uptrend in the motion with the increasing intensity of the bullish histograms.
RSI indicator: With the breakout rally, the RSI line shows a spark in trend momentum and enters the overbought territory. Therefore, both the momentum indicators reflect a surge in underlying demand and bolster the breakout rally.&nbsp;
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-above-0-10">Will HBAR Price Rise Above $0.10?</h2>
Following the double bottom breakout and the rising momentum of market recovery, the HBAR price trend is extremely bullish. With the buyers anticipating a run to $0.10, our analysis hints at a potential retest before the bull run.&nbsp;
However, if the buyers fail to sustain the spirit of recovery, then the correction trend can plunge to $0.060.

HBAR Price On A Crazy Bull Run With This Breakout, Eyes $0.10!

Table of Contents

CoinPedia News

Other articles published on Dec 15, 2023

Prominent DEX THENA Integrates Orbs’ Liquidity Hub on BNB Chain

Despite a 13% Y/Y Revenue Decline, Jabil Inc. Posts Strong Core Earnings

Bitcoin Price Pressured as Fed Official Says “Premature to Even Be Thinking About” Rate Cuts – Wh...

BONK Meme Coin: Top Holders Dumping After Coinbase, Binance, Crypto.com Listings

Web3 Neobanks: The New Face of Finance and Banking?

Healthcare and blockchain startup Patientory partners with WIVA for capital

Join our free newsletter for daily crypto updates!