news 
HBAR Price Breaks Through Fibonacci Resistance, Bullish Trend Expected
The recent price action of Hedera (HBAR) has seen the cryptocurrency reclaim the Gaussian channel, signaling a potential shift in market sentiment and paving the way for a sustained upward trend.
As HBAR’s price holds above key support levels and breaks through resistance zones, technical analysts are now anticipating a continued rise. The token’s successful breach of the Fibonacci resistance level adds further credence to this bullish outlook.
HBAR’s chart has also displayed a double bottom pattern, which is commonly seen as a signal of a market reversal. This formation indicates that the price has reached a key support level and may be poised for further gains.
In addition, the cryptocurrency has successfully flipped the 0.786 log Fibonacci level from resistance to support, further reinforcing the bullish outlook.
Source: bravenewcoin.com
