- HBAR price and RSI have broken out on the daily chart.
- Strong volume indicates bullish momentum.
- Potential for a fresh rally ahead.
HBAR Shows Bullish Breakout: What’s Next?
Hedera Hashgraph (HBAR) is showing strong bullish momentum as both its price and Relative Strength Index (RSI) have broken out on the daily timeframe. This development, combined with rising trading volume, suggests the start of a new uptrend. But how sustainable is this rally? Let’s dive into the details.
Price and RSI Confirm Breakout
A key indicator of a bullish move is the RSI, which measures the strength of a trend. When RSI breaks above resistance, it often signals the continuation of upward movement. In the case of HBAR, both price and RSI have surpassed key resistance levels, indicating strong buying pressure.
Additionally, the breakout occurred with significant trading volume, reinforcing the bullish sentiment. A breakout without volume can often be a false signal, but the current data suggests real momentum behind this move.
$HBAR bullish breakout 🚀
— Cas Abbé (@cas_abbe) March 1, 2025
Price and RSI both broke out on the daily timeframe with strong volume.
I think it's the start of a fresh rally. pic.twitter.com/peNM1ybl0V
Can HBAR Sustain the Rally?
While breakouts are a positive sign, the key question remains—will HBAR sustain this rally? To confirm further upside, the price needs to maintain support above the breakout level. Traders will be watching for higher highs and higher lows, which signal continued bullish strength.
If buying pressure remains strong, HBAR could see further gains in the short to mid-term. However, traders should also monitor resistance levels and potential retracements before making any moves.
Conclusion
HBAR’s breakout signals potential for a fresh rally, backed by strong volume and RSI confirmation. While bullish momentum is evident, investors should stay cautious and track key levels for confirmation. If momentum sustains, HBAR could be in for significant gains ahead.
