HBAR Price Eyes Breakout Above $0.08244

HBAR price has been showing signs of recovery potential after demonstrating some technical changes. The digital currency is currently trading at $0.07493, up 0.93% over the last 24 hours with a market capitalization of approximately $3.29 billion and daily trading volume of $67.44 million.

Crypto analyst Crypto Patel signaled a possible HBAR price breakout in anticipation of a trend reversal on September 1. According to Patel, the cryptocurrency is now trading within a possible range of entry from $0.067 to $0.072. A close above $0.08244 will expose HBAR to $0.09771 and $0.12355 levels.

The Bollinger Bands mid-line is at $0.07318, while the upper band is located around $0.08398. The MACD line is currently below the signal line, which indicates that the uptrend has become less strong after the recent rebound of HBAR.