Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»After breaking key resistance, what is the next step?
TRADING NEWS

After breaking key resistance, what is the next step?

By Crypto FlexsJanuary 16, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
After breaking key resistance, what is the next step?
Share
Facebook Twitter LinkedIn Pinterest Email

HBAR finally broke out of a month-long consolidation below $0.33, a level where multiple breakout attempts failed.

The recent surge has lifted the altcoin by 20% on the back of broader market optimism, opening the door to further gains if the positive momentum continues.

HBAR is going strong.

The correlation between HBAR and Bitcoin remains strong at 0.88, indicating that altcoin price movements are closely linked to Bitcoin’s trajectory. This is a promising sign as Bitcoin is on the verge of regaining the critical $100,000 level, which could boost bullish sentiment for the broader cryptocurrency market, including HBAR.

With Bitcoin’s potential breakout acting as a catalyst, HBAR could benefit from renewed investor confidence. Positive movements in Bitcoin price will likely enhance HBAR’s upward trajectory, making correlation a key factor in the altcoin’s future performance.

HBAR correlation with Bitcoin. Source: TradingView

HBAR’s Relative Strength Index (RSI) is nearing 70.0, an overbought area often seen as a harbinger of a price correction. However, HBAR has historically shown resilience when RSI enters this zone, suggesting that it can defy the traditional bearish outlook associated with overbought conditions.

This resilience, combined with continued market support, will allow HBAR to maintain its current bullish momentum. Even when RSI is at elevated levels, broad market sentiment and historical performance provide a buffer against immediate bearish pressure.

HBAR RSI
HBAR RSI. Source: TradingView

HBAR Price Prediction: Maintain Profit

HBAR has surged nearly 20% in the past 24 hours, breaking out of a consolidation range between $0.25 and $0.33. The breakout marks a significant milestone for the altcoin and potentially sets the stage for further gains.

The next major resistance for HBAR is $0.39. A successful breach of this level could push the altcoin above $0.40. However, this bullish scenario relies on HBAR securing the $0.33 support bottom to maintain its upward momentum.

HBAR price analysis
HBAR price analysis. Source: TradingView

If broader market conditions turn bearish, HBAR risks losing important support near $0.33. This development could push the altcoin back to its previous consolidation range above $0.25, delaying further price gains and potentially nullifying the bullish outlook.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The biggest games coming in January 2025

January 2, 2025

Quantum Computing and Blockchain: Insights from Professor Massimiliano Sala

May 18, 2024

Arkham Exchange lists Trump for permanent transactions.

February 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.