HBAR Price Eyes Breakout as Analyst Sets $0.08244 Target

HBAR's price has shown early signs of potential recovery, trading near a crucial technical level that could determine its next short-term direction. The digital asset is currently priced at $0.07493, reflecting a 0.93% increase over the past 24 hours.

Crypto analyst Crypto Patel has signaled a possible breakout for HBAR, noting that the token currently occupies an accumulation zone beneath a descending trendline established over several months.

Patel identified a trading range between $0.067 and $0.072 as a possible entry point, placing a stop-loss at $0.06423. The analyst highlighted $0.08244 as the critical breakout level to monitor in the near term.