- HBAR’s wave structure shows price symmetry with targets set toward $0.2441 and $0.399.
- CW identified HBAR’s trend compression at $0.170 as bullish pressure builds for a breakout.
- Elliott and Fibonacci models align with HBAR’s price climbing above key resistance zones.
Hedera (HBAR) is showing a technical setup supported by Elliott Wave symmetry and bullish momentum indicators. Analysts cite past wave cycles and ongoing bullish compression patterns forming on the weekly chart.
Elliott Waves and Symmetry in Focus
HBAR’s price action began forming an Elliott Wave cycle in 2020 that topped near $0.45 in early 2021. Market analyst EGRAG CRYPTO charted this bullish wave and a corresponding A-B-C correction below $0.10 by late 2023. Using time symmetry, he matched the bearish correction to the prior bullish advance across 161 days.
Source: EGRAG CRYPTO
Fibonacci extensions placed HBAR’s next wave targets at $0.1202, $0.1702, and $0.2441 based on bullish projections. He marked $0.035 as the cycle bottom, initiating the bullish recovery phase. Price behavior overlaid cleanly with impulsive wave structure and historical market patterns.
He pointed out that HBAR’s price had retested the 0.786 retracement, typically associated with Wave 4 setups in Elliott theory. The bullish trendline and clustered volume areas indicated resilience in the ongoing wave. Historical behavior confirmed that the wave cycle remains intact.
The pattern’s consistency revealed symmetrical highs labeled “HERE,” forming above former resistance. Fibonacci-based projections remain valid in both short and long-term wave cycles. Wave 5 development reflects continued trend strength.
Descending Channel Breakout Setup
CW, a chart analyst specializing in macro cycles, presented a technical breakdown of HBAR’s recent descending channel. He described the move from the $0.399 peak as part of a broader bullish consolidation structure. This correction established falling resistance and bullish Fibonacci retracement levels.
Source: CW
According to CW, HBAR’s price retraced to $0.127, aligning with the 0.236, 0.382, and 0.5 zones on the Fibonacci matrix. The price has hovered around $0.170, where CW identified building bullish pressure. Trend compression in this range supports a technical shift.
HBAR’s price has tested the lower boundary several times while volume flows decreased. CW observed a drop in selling pressure and a reaccumulation signal consistent with prior bullish reversals. Multiple technical levels now converge near breakout territory.CW projected the next targets at $0.220, $0.263, and $0.320, with $0.399 as the breakout ceiling. Final upside aligns with $0.631 using Fibonacci extension methods. Market momentum favors continued price advance.
