Hedera's HBAR Nears Breakout: Potential Bullish Reversal Ahead

Hedera's HBAR token is on the verge of breaking out from a four-month descending channel, indicating a potential bullish reversal. According to NS3.AI, indicators such as the Money Flow Index are supporting this outlook. A breakout above the $0.1013 level could lead to over $6 million in short liquidation, potentially driving the price further toward a target of $0.129. Conversely, if the token fails to maintain support at $0.0786, it risks a bearish decline toward $0.0622, which would invalidate the bullish scenario.