Hedera (HBAR) appears to be approaching the end of a complex correction, with early signs of a bullish reversal underway.
The combination of a falling wedge pattern, a completed WXY correction, and impulsive structures forming on lower timeframes suggest a potential trend change is taking shape.
Below, we break down the technical setup across higher and lower timeframes to map out price expectations.
HBAR Price Analysis
The 4-hour chart reveals that HBAR has undergone a complex WXY corrective pattern since peaking around $0.38 in December.
This correction unfolded within a descending wedge, with the final leg (wave Y) bottoming around $0.174—aligning perfectly with the 0.618 Fibonacci retracement level.
This structural confluence strengthens the likelihood that a medium-term bottom has been set.
Elliott Wave counts from the prior uptrend suggest a completed five-wave advance (i–v), followed by this prolonged correction.
With the RSI recently rebounding from oversold levels and now approaching bullish territory, momentum is beginning to shift favorably.
The price has also broken the descending wedge’s resistance line, a technical signal of a potential reversal.
Looking for a safe place to buy and sell HEDERA HBAR? See the leading platforms for buying and selling HEDERA HBAR.
Further upside would confirm this breakout, with the 0.5 Fibonacci retracement at $0.215 as the immediate resistance.
Above that, $0.255 (the 0.382 level) will be a significant hurdle. HBAR could start a new bullish sequence if the move sustains, invalidating further downside scenarios.
HBAR Price Prediction
The 1-hour chart outlines a more granular Elliott Wave structure, indicating the development of a new five-wave impulse from the March 11 low near $0.174.
The pattern shows wave (i) in progress, with a local high forming near $0.198.
A short-term pullback in wave (ii) could revisit the $0.185–$0.188 zone, which coincides with recent consolidation and horizontal support.
The projection for wave (iii) targets $0.23 (slightly above the 0.5 retracement and horizontal resistance), followed by a shallow correction in wave (iv).
The final rally in wave (v) toward $0.23–$0.24 will confirm the breakout and the bullish scenario.
The RSI on the hourly chart remains strong but shows early signs of divergence, suggesting a brief pullback may be imminent before further upside.
On the other hand, there is also a possibility that the long-lasting WXY still hasn’t ended.
A move below $0.174 would invalidate this bullish wave count and signal the continuation of the prior downtrend.
HBAR has been consolidating in a slightly descending structure since March 11, and its recent uptrend indicates a bullish scenario.
However, this could also be a continuation of the lower degree wave (iv), in which one lower low of $0.14 is needed before we see a bullish upturn.
Key Levels to Watch
- Immediate Resistance: $0.198 (local high, wave (I)).
- Key Resistance: $0.215 (0.5 Fibonacci retracement).
- Major Resistance: $0.255 (0.382 Fibonacci retracement).
- Support Zone: $0.185–$0.188 (wave ii retracement region).
- Critical Support: $0.174 (0.618 Fib and wedge breakout retest).
- Short-Term Target for Wave (v): $0.23–$0.24 range.
- Invalidation Zone: Below $0.174 confirms bearish continuation.
HBAR is setting up for a potentially strong recovery phase, contingent on holding above-critical support and sustaining momentum through upcoming wave formations.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Was this Article helpful?
