HBAR Eyes Potential Bullish Breakout Amid Technical Indicators

HBAR is exhibiting technical indicators that suggest a possible bullish breakout from a descending broadening wedge. According to NS3.AI, this is supported by a bullish divergence in the Money Flow Index, which indicates a reduction in selling pressure. A move beyond the key resistance level of approximately $0.1012 could potentially trigger a short squeeze valued at around $4.34 million. However, HBAR's price movement remains closely linked to Bitcoin, and any weakness in Bitcoin could hinder HBAR's breakout, potentially driving it towards lower support levels.