What’s Next After Breaking Key Resistance? | Airdrop Alert Pro

HBAR has finally broken out of its month-long consolidation below $0.33, after several previous attempts to break above that level ended in failure.

The recent surge, supported by broader market optimism, has pushed the altcoin up 20%, opening the door to further gains if the positive momentum continues.

HBAR is strong

HBAR’s correlation with Bitcoin remains strong at 0.88, indicating that altcoin price movements are closely tied to Bitcoin’s trajectory. This is a hopeful sign as Bitcoin is on the verge of regaining the key $100,000 level, which could amplify bullish sentiment in the broader cryptocurrency market, including HBAR.

Using Bitcoin’s potential breakout as a catalyst, HBAR may benefit from the restoration of investor confidence. A positive move in Bitcoin price could enhance HBAR’s upward trajectory, making this correlation a key factor in the altcoin’s future performance.

Relative Strength Index (relative strength index) HBAR is approaching the overbought zone of 70.0, which is often considered a precursor to a price correction. However, HBAR History When the RSI enters this area, it shows resilience, suggesting that it may break the traditional bearish outlook associated with overbought conditions.

This resilience, coupled with continued market support, may allow HBAR to maintain its current bullish momentum. Even with the RSI at elevated levels, broader market sentiment and historical performance may provide a buffer against current bearish pressure.

HBAR Price Forecast: Maintaining Gains

HBAR surges It rose nearly 20% in the past 24 hours, breaking out of a consolidation range between $0.25 and $0.33. The breakout marks a major milestone for the altcoin and could set the stage for further gains.

The next major resistance level for HBAR is $0.39. A successful break above this level could push the altcoin to $0.40 and beyond. However, this bullish scenario depends on HBAR finding support at $0.33 to sustain its upward momentum.

If broader market conditions turn bearish, HBAR risk Key support at $0.33 was lost. Such a development could push the altcoin back to its previous consolidation range above $0.25, delaying further price growth and potentially invalidating the bullish outlook.