HBAR Surges Over 20% as It Breaks Out of Falling Wedge Pattern

Hedera Hashgraph (HBAR) Update

HBAR has increased over 20% in the past week amid bullish market sentiment.
Current trading price is around $0.185, testing a critical resistance zone at the 200-day Exponential Moving Average (EMA).
Analyst Carl Runefelt noted HBAR's breakout from a falling wedge pattern, indicating potential upward movement.
Key resistance levels to watch are $0.20 and $0.25; sustaining above $0.185 is crucial for maintaining bullish momentum.
Market conditions remain volatile; failure to hold above $0.175 may lead to a retracement toward $0.15.
Broader market optimism, especially from Bitcoin, is contributing to HBAR's upward pressure.

HBAR breaking above falling wedge pattern | Source: Carl Runefelt on X
Price testing key resistance | Source: HBARUSDT chart on X

Future sessions will be critical in determining if HBAR confirms its uptrend or returns to consolidation.