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Hedera (HBAR) Price Analysis: Analyst Flags 1,600% Macro Setup

Key Insights

  • HBAR trades near a key weekly support zone that analysts say could shape its next major move.
  • A falling wedge pattern keeps traders watching for a confirmed breakout above resistance.
  • Market fear is rising, but analysts say price action around support remains the main focus.

Hedera (HBAR) price analysis is back in focus after several market analysts pointed to a long-term chart setup that could support a major recovery. While the outlook remains based on technical analysis, traders are watching key support, a falling wedge, and growing signs of market fear.

The HBAR Price Setup

Hedera (HBAR) has returned to the spotlight after crypto analyst Crypto Patel shared a chart that could signal a major long-term setup. The view is based solely on technical analysis and depends on key support levels remaining in place.

The analyst said HBAR has fallen about 83% from its recent local high and is now trading inside a weekly demand zone between $0.058 and $0.042. This area has acted as support before and has been linked to strong price gains during earlier market cycles.

Crypto Patel said buyers entered this zone in the past, making it worth watching again. The chart also shows a weekly order block that the analyst believes could support another recovery if the price remains above it.

Hedera Price Analysis | Source: Crypto Patel
Hedera Price Analysis | Source: Crypto Patel

One level stands out in the analysis. A weekly close below $0.0356 would cancel the current market outlook. Until then, the broader structure remains unchanged. The chart also shows a descending trendline above the current price. The analyst said HBAR needs a weekly close above that line before a bigger move can be confirmed.

If that happens, the chart points to price targets at $0.16, $0.35, and finally $1. Crypto Patel said reaching the last target would mean a gain of about 1,600% from the current area.

The analyst compared the present chart with earlier cycles. Hedera’s price traded near major support in 2020 before rallying strongly in 2021. A deep correction followed during the bear market, while 2024 brought another recovery. The latest drop has returned the token to another support zone that the analyst believes deserves close attention.

Hedera Price Wedge Formation And Price Impact

Another analyst, Crypto With Gopal, focused on the shorter-term timeframe and noted a falling wedge on the HBAR chart. The market participant said the pattern appeared after a healthy pullback. At the same time, buyers have continued to defend support as the trading range has tightened.

A falling wedge is closely watched because it can sometimes come before a breakout. Even so, the analyst said traders should wait for confirmation instead of guessing the next move.

For now, the upper line of the wedge remains the main level to watch. A move above it could open the way for the HBAR price to test the next resistance area. Crypto With Gopal also said buyers appear to be slowly gaining strength. Still, the chart has not confirmed a breakout, making patience important while the market decides its next direction.

What To Expect As HBAR Hits Fear Zone

Cheeky Crypto looked at the market from a different angle. Instead of focusing on targets, the analysis looked at trader behavior as fear returned. The report said the HBAR price has entered what it called the fear zone while trading near the lower Bollinger Band. At the same time, the token remains inside the falling wedge, keeping attention on whether support can hold.

According to the analysis, fear often leads some traders to sell while others quietly buy near support. That can leave the market balanced until one side takes control.

Cheeky Crypto also pointed to limit orders and hidden liquidity as factors that could affect price movement around current levels. Rather than reacting to emotions, the analyst said traders should watch how the Hedera price behaves near support and resistance before expecting a larger move in either direction.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Godfrey Benjamin
Godfrey Benjaminhttps://www.thecoinrepublic.com/
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.