Hedera [HBAR]: A likely patterned breakout could offer 7% gains if BTC…

Hedera [HBAR]: A likely patterned breakout could offer 7% gains if BTC...

HBAR has risen from $0.0365 to $0.0400, up about 10% in the last seven days.

If trading volumes increase, the bulls could bring about a patterned breakout with a target of $0.0426. However, there are still some obstacles to overcome along the way. Such a downside move could force HBAR to retest or break support at $0.0387, invalidating the bullish bias described above. Moreover, HBAR has formed a bearish flag pattern that could target $0.0344 on an extreme downside breakout.HBAR saw a massive development activity in the past week, but …According to Santiment, HBAR’s price consistently followed development activity.

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