The HBAR coin price has the potential to reach $0.50 which will result in a 50% price jump, with the breakout of $0.33 swing high.

Hedera is one of the largest popular reliable, durable, enterprise-grade networks for decentralization that allows businesses and individuals to build powerful decentralized applications (DApps). It's intended to be a fairer and more efficient platform that can eliminate some of the issues that older blockchain-based platforms have, like unstable performance and slow speeds. Let us move ahead to read about the HBAR technical analysis.
<h2>Past Performance of HBAR</h2>
With a price jump of almost 20% within the last week, the HBAR coin price breaks above the previous swing high of $0.33. Moreover, the 80% jump in the intraday trading volume showcases a rise in buying pressure. The price action shows frequent formation of bullish engulfing candlestick which suggests increasing positive attention for the coin.

<img src="https://s3.tradingview.com/snapshots/5/5VWhQKtY.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/5VWhQKtY/">HBAR/USD Daily Chart</a>
<h2>HBAR Technical Analysis</h2>
The HBAR coin price shows a sudden V-shaped recovery in the daily chart with the demand found near $0.28. Moreover, the breakout of the previous swing high at $0.33 suggests a price jump to $0.42.

The RSI indicator at 58% shows a slow but steady rise in the slope as it breaks above the 50% mark in the daily chart. Moreover, the slope rises above the resistance at 56% which suggests an upside continuation.

The MACD indicator shows the fast line giving a sudden upside reversal after coming close to the slow line, therefore, avoiding the bearish crossover. The growth in bullish histogram restarts with the reversal and indicates a bull run.

The crucial horizontal levels as per the price action are at $0.42 and $0.50 on upside. And, $0.29 and $0.22 are present below the price.
<h2>Upcoming Trend</h2>
The bullish breakout of $0.33 marks an excellent entry point for traders with bullish hopes for <a href="https://www.cryptoknowmics.com/news/hbar-technical-analysis-bullish-reversal-breaks-key-resistance-aims-to-reach-0-50/">HBAR</a> coin. The price action suggests a bull run to $0.42 or $0.50 if the buying pressure sustains. Furthermore, the technical indicators also give solid bullish signals.

HBAR Technical Analysis: A Potential Rise of 50% Is Possible With The Swing High Breakout

The HBAR Technical Analysis shows the coin price reaching $0.50 which will result in a 50% price jump, with the breakout of $0.33 swing high.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

HBAR Technical Analysis: A Potential Rise of 50% Is Possible With The Swing High Breakout

Top Picks