HBAR has broken out of the descending channel, showing strong bullish momentum. The price is trading well above the 200 EMA, which supports the continuation of the uptrend.
A breakout like this often indicates the start of a new leg higher. Monitor for confirmation and potential pullbacks to the breakout zone as a retest before further continuation.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.