Hedera (HBAR) is back on traders’ radars after some eye-catching technical signals started popping up across different timeframes. Analysts are beginning to outline both short- and long-term forecasts, especially after HBAR price bounced off a major support zone. Two traders in particular, Steph is Crypto and AltCryptoTalk, have shared some interesting takes on where HBAR might be heading next.
Top analyst Steph Is Crypto posted a chart suggesting that HBAR could be following an Elliott Wave structure. According to the setup, the token might be sitting in Wave 2 of a five-wave cycle, which often signals that a strong upward move could be next. If this plays out, Wave 3 could push the price up toward $2.75, with a possible final wave aiming even higher around $4.67.
The key support level backing this setup is around $0.12557, an area where HBAR price has previously bounced and found demand. The chart also maps out key resistance points using Fibonacci levels, with targets lined up at $0.50, $1.17, and $2.75 along the way. Right now, price action is compressing into what looks like a descending triangle, which often leads to a breakout when volume picks up.
Source: X/StephIsCrypto
The tweet itself was short and sweet: “My $Hbar price targets! ”, pointing to a bullish outlook built on technical structure rather than hype. All in all, it’s the kind of setup that’s getting more traders to keep an eye on HBAR as the next move unfolds.
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Hedera Price Chart Shows Demand Zone Rejection
Meanwhile, another chart shared by prominent analyst AltCryptoTalk focuses on the daily timeframe. HBAR price has been trading within a downward parallel channel, forming lower highs and lower lows throughout the year. However, the token recently bounced from a well-defined demand zone between $0.11 and $0.15, which previously served as a launchpad in late 2023.
The tweet accompanying the analysis reads: “#HBAR has finally rejected the demand zone and the $0.15 round number. As long as the demand zone holds, the only direction from here is up.” The current move suggests the demand zone remains strong, offering support to potential trend reversal setups.
Source: X/AltCryptoTalk Hedera Price Breakout Zones and Near-Term Resistance
HBAR is now testing the upper resistance of the channel, marked by descending red trendlines. A breakout above $0.17–$0.18 with increased volume could signal the end of the current downtrend. The next resistance levels would be around $0.22 and $0.28 if bullish momentum continues for Hedera price.
While the weekly chart points toward long-term price expansion, the daily structure needs to confirm strength with a breakout and continuation. The $0.15 demand zone remains central to this setup. If it holds, and price clears overhead resistance, the outlook could shift in favor of the bulls.
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The post Analysts Reveal Surprising HBAR Price Forecast as Hedera Defends Key Support Level appeared first on CaptainAltcoin.
