28 Hedera Hashgraph (HBAR) Poised for Potential BreakoutHedera Hashgraph’s native token, HBAR, could be gearing up for significant gains if it can break key resistance levels, according to recent price action analysis. After bottoming around $0.037, HBAR has already achieved 180% returns for early investors who bought at the actual bottom. However, there may still be upside of up to 1000% in the current bull market if HBAR can convincingly clear hurdles at $0.083, $0.17, $0.25 and $0.50.Read More CryptoNews: Read More CryptoNews: Bitcoin ETFs See $237.20M Inflows | Bitcoin’s Recovery Phase | Tornado Cash Co-Founder Fights Back Against ChargesKey Takeaways:HBAR recovered from a bottom of $0.037, providing 180% returns for investors who purchased at the lowsThe token faces resistance at $0.083, $0.17, $0.25 and $0.50 based on technical analysisIf these levels are broken, a rally to $1.00 is feasible in the current bull market, representing upside potential of 1000%Good re-entry zones are between $0.07 to $0.08 if any pullbacks occurKey support remains at $0.07The powerful upside for HBAR comes after a prolonged bear market took the token from all-time highs above $0.50 to lows below $0.04. However, bulls have regained control, evidenced by the strong rally off the recent bottom.HBAR will need to demonstrate continued momentum to break above the initial resistance. The first test will be the $0.083 level, which if broken, could trigger a technical breakout. From there, achieving all-time highs is within reach.In conclusion, HBAR shows promising potential but still requires some key technical milestones to be reached. The possibility of 1000% returns indicates investors should keep a close watch on price action. Upside appears likely in the current bullish environment if buyers can retain control.Do your research before investing in any crypto coins. This is not Financial advice.
