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The post <a href="https://coinpedia.org/price-analysis/hbar-price-eyes-a-breakout-for-40-extended-bull-run/">HBAR Price Eyes A Breakout For 40% Extended Bull Run</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In the bull market, the altcoins are ending their hibernation phase and picking up pace as the Bitcoin forms a new all-time high. Amidst this recovery, the <a href="https://markets.coinpedia.org/hedera/" target="_blank" rel="noreferrer noopener">HBAR price</a> shows a positive trend gaining momentum with a surge in trading volume.&nbsp; 
Moreover, the Hedera price surpasses the psychological mark of $0.10 and projects a stronger trend on the upside. As the buyers continue to fuel the uptrend, the bull run gains momentum teasing a new breakout run.&nbsp; 
Well, as the demand grows in the altcoins sector, the <a href="https://coinpedia.org/price-prediction/hedera-hashgraph-hbar-price-prediction/">HBAR price predictions</a> hint at a bull run to $1.&nbsp; 
<h2 class="wp-block-heading" id="h-is-hedera-fast-enough-to-cross-0-15">Is Hedera Fast Enough To Cross $0.15?</h2> 
With a double-bottom breakout in the weekly chart, the HBAR price ignites a trend reversal, driving the ongoing bull run. This breakout rally surpasses the psychological mark of $0.10 and accounts for a 90% hike in the market value.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="489" src="https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-1024x489.png" alt="" class="wp-image-276152" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-1024x489.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-768x367.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-1536x733.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61-150x72.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/07133357/image-61.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/3FE6BHoY/">TradingView</a> 
Further, the price jump comes with a surge in trading volume, resulting in five consecutive bullish candles in the weekly chart. Currently, the HBAR price is trading at $0.1372 with an intraday gain of 8.72% as the bulls are on a buying spree.&nbsp; 
Further, the bullish reversal in the 50 EMA teases a golden crossover event in the weekly chart. 
Technical indicator: 
RSI indicator: The daily Relative Strength Index (RSI) exhibits a bullish surge, surpassing the 70% threshold to venture into the overbought territory.&nbsp;&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/grt-price-prediction-buyers-set-graph-for-0-50-breakout/">GRT Price Prediction: Buyers Set Graph For $0.50 Breakout</a> 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-to-0-25">Will HBAR Price Rise To $0.25?</h2> 
In the weekly chart, the bull run surpasses the $0.13 mark and awaits a bullish closing for a further uptrend. Further, the crossing event can bring an entry opportunity for sideline traders if the day ends on a bullish note for Hedera.&nbsp; 
Considering the uptrend sustains above the 23.60% Fibonacci level, the HBAR price can reach the 50% Fibonacci level at $0.24. However, a potential pit stop is possible at $0.20.

HBAR Price Eyes A Breakout For 40% Extended Bull Run

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