HBAR is trading at $0.07493, up 0.93% in the last 24 hours, with a market capitalization of approximately $3.29 billion and daily trading volume of $67.44 million. On September 1, analyst Crypto Patel signaled a possible breakout, noting the token is within an accumulation zone between $0.067 and $0.072. A daily close above $0.08244 would strengthen the bullish pattern, with targets at $0.09771 and $0.12355. The stop-loss level is set at $0.06423. Technical indicators show the price is near the Bollinger Bands mid-line at $0.07318, while the MACD suggests weakening upward momentum.
HBAR price is showing signs of recovery potential as it moves around a critical technical region that will determine its next direction. As stated by analyst Crypto Patel on September 1, the token is located within the accumulation zone below a descending trendline that has persisted for several months.
According to Patel’s analysis, HBAR is trading within a possible entry range of $0.067 to $0.072. The stop-loss level has been set at $0.06423, while the breakout level stands at $0.08244.
The bullish pattern will gain strength when HBAR closes the day above $0.08244, indicating the previous downtrend could be weakening. If the breakout proves real, two targets to watch are $0.09771 and $0.12355.
The HBAR price is currently at $0.07493, slightly above the Bollinger Bands mid-line at $0.07318. The upper band is located around $0.08398, while the lower band is at $0.06238. The upper band is close to the breakout zone of $0.08244.
The MACD shows a somewhat bearish view, with the MACD line at 0.00166 below the signal line at 0.00189. The histogram at -0.00023 indicates the uptrend has weakened after the recent rebound. A bullish crossover would support an advance toward the $0.08244 mark.
HBAR must retain $0.07318 to continue its uptrend. A close above $0.08244 exposes the token to $0.09771 and $0.12355 levels. Failure to rise above resistance levels would take HBAR toward $0.067 to $0.072, while breaking below $0.06423 would invalidate the setup.
