Technical analysis by persis10t about Symbol HBAR: Buy recommendation (4/24/2025)

Join our community and start your crypto journey today for:In-depth market analysisAccurate trade setupsEarly access to trending altcoinsLife-changing profit potentialLet' analyse HBARUSDT:The recent price action on HBARUSDT is showing a classic bull flag breakout — a powerful continuation pattern often seen in strong uptrends.Bull Flag Breakdown:Flagpole:Prior to consolidation, HBAR saw a massive rally of over 780%, forming a steep vertical move — this sets the stage as the flagpole.Flag Formation:Price entered a downward sloping channel with clear lower highs and lower lows. This consolidation formed the flag, which indicates temporary cooling before the next leg up.Breakout & Retest:HBAR broke out of the flag’s resistance, followed by a successful retest of the breakout zone and a bounce off the 0.5 Fibonacci level — all signs of strong technical confirmation.With this breakout, HBAR is likely to follow through with a measured move, aiming for key targets:TP1 (Futures): 0.24985TP2 (Futures): 0.28904TP1 (Spot): 0.57177TP2 (Spot): 1.23275+These targets align with historical resistance and projected flagpole extensions.If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.Happy Trading!!