- Hedera (HBAR) breaks out of a symmetrical triangle, targeting $1 with strong momentum.
- VeChain (VET) nears key resistance, signaling potential breakout during the altcoin season.
- HBAR and VET attract attention as trading volumes surge amid bullish chart patterns.
Hedera (HBAR) and VeChain (VET) are gaining attention as technical charts indicate possible breakouts. Analysts expect these altcoins to perform strongly in the ongoing alt season. Posts from crypto analysts Captain Faibik and World of Charts highlight key patterns signaling potential bullish moves.
Captain Faibik shares that Hedera (HBAR) has shown an uptrend from a symmetrical triangle on the weekly chart. At press time, HBAR was trading at $0.1223, an increase of 40.82% in the last day with a market capitalization of $4.61 billion. The trading volume further increased to $1.19 billion within the last 24 hours, showing rising investor interest. Long-term target has been estimated to be $1.00 if the breakout continues.
The symmetrical triangle pattern suggests HBAR may enter a strong upward trend. Historically, this always results in an increased rally in case the breakout is affirmed. Support levels surrounding the $0.09 level have continued to provide adequate support for further upward trajectory in the market. The price momentum in HBAR has subsequently attracted more trading volume supporting its bullish outlook.
VeChain (VET) is also showing bullish potential. World of Charts suggested that VET is approaching a key resistance zone. VET needs to clear this hurdle to spark a massive bullish wave. As at the time of writing, the price of VET was $0.03234 and the coin has risen by 7.26% in the last one day. Vet has a market cap of $2.62 billion. The trading volume has reached $85.32 million, an increase of 46.91% in the last 24 hours.
Hedera’s Price Prediction: Will It Surge Past Resistance Levels?The chart analysis for VeChain shows a consolidating trend with potential for a breakout. Clearing the resistance zone would confirm a bullish reversal. If successful, VET could lead the altcoin rally during this alt season. Market participants are closely monitoring this level for confirmation of a breakout.
Both Hedera and VeChain are attracting attention as altcoins poised for significant moves. Hedera’s symmetrical triangle breakout and VeChain’s approach to key resistance highlight growing opportunities in the altcoin market. These patterns align with the broader market trend of increasing activity in altcoins during the current bullish phase.
