Hedera Price Set for $1.40 Breakout After Wedge Reversal: What’s Next

Key Insights:HBAR broke multi-month downtrend, flipping HTF resistance into support.$0.2 and $0.23 are key liquidity targets for HBAR’s short-term breakout.HBAR’s falling wedge breakout targets $1.40 on bullish momentum.Hedera (HBAR) price is flashing major signs of an imminent breakout as several bullish indicators are confirmed across multiple timeframes. Price action over the past few days suggests HBAR may be on the edge of a sharp move toward the $1.40 level. Key technical patterns, structural shifts, and liquidity zones support the potential for an explosive move once critical levels are cleared.Hedera Price Multi-Month Downtrend BrokenCrypto analyst X Finance Bull highlighted that HBAR price has just broken out of months of downtrend, flipping an important HTF resistance into support. This change in market structure is normally a leading indicator of huge price rallies because sellers are losing control and the buyers are taking over.According to the chart, the trend reversed clearly and HBAR price created a set of higher lows and higher highs, a bullish structure that can trigger extended upward movements.Interestingly, this breakout is important because it serves to validate the end of a long bearish trend that began in late 2024. Through reclaiming this important support, Hedera, price has built the necessary structure that may thrust the asset towards its next important resistance levels such as the psychological $1.00 and $1.40 targets. This structural change shows that the bulls are flexing back and this might probably set the scene for a strong upward move.Source: X Finance Bull, XHedera Price Wedge Breakout Sets $1.40 TargetFurthermore, Steph Is Crypto noted that a bullish trend throughout is also confirmed on the weekly HBAR chart with the recent breakout of a confirmed falling wedge. This technical pattern is considered effective due to its strong bullish characteristics, signaling a shift from a prolonged downtrend. The breakout is evident as HBAR price moves above the upper boundary of the wedge, confirming the start of a strong upward trend.Source: Steph Is Crypto, XWedge patterns are potent reversal signals that interest traders looking to benefit from the first stages of a new uptrend. The brutal breakout on the long-term chart indicates that HBAR could aim at $1.40, a strong psychological mark and take profit zone for first buyers. This target closely arises with the previous support and resistance zone, making it a key price waypoint.If Hedera price is able to maintain this momentum it could trigger quick moves higher to test $1.40, that will only strengthen the broader bullish thesis.Key Liquidity Levels to Watch: $0.2 and $0.23Liquidity data from Coinglass further provide insight into HBAR’s short term potential. The critical liquidity zones according to one-month liquidation heatmap are identified at $0.2 and $0.23. These levels are likely to be short term price magnets which the market will be pulled towards as the traders will position for the next direction.Source: CoinglassThe $0.2 level, slightly above the swing high in late March. Is a major technical support level and $0.23 is almost equal to 61.8% Fibonacci retracement. These areas are considered to be attractive for high trading volume, and therefore. It is the critical zone on the price chart for attempting to break out.Moreover, the one-week heatmap also affirmed the importance of the $ 0.2 zone as markets. Witness a massive accumulation of liquidity in that region. This lends further support for the idea that HBAR could move to this level in the short-term basis. And maybe provide a bullish reversal point. If the buyers manage to defend this area.HBAR Price Path to $1.40 Requires Key BreakoutsFor HBAR price to reach $1.40, it must break above $0.20 and $0.23. These resistance zones act as short-term barriers. Once cleared, they would confirm broader trend reversal and set the stage for more aggressive upside.With a falling wedge breakout, multi-month downtrend reversal, and strong liquidity support, HBAR appears primed for a larger rally. However, failure to break above short-term levels could trigger temporary pullbacks or consolidation.DisclaimerIn this article, the views, and opinions stated by the author, or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.Ronny MugendiThe post Hedera Price Set for $1.40 Breakout After Wedge Reversal: What’s Next appeared first on The Market Periodical.