Hedera Hashgraph ($HBAR) is once again on the radar of technical analysts, with current price action suggesting the early stages of a wave 3 surge in an Elliott Wave 5-phase bullish cycle. The setup could lead to a significant move upward—if key resistance levels are cleared.
🔍 Key Technical Insight
Accumulation Zone: After a healthy technical pullback, $HBAR is hovering around $0.25, which analysts identify as a crucial accumulation area.
Wave 3 Formation: Based on Elliott Wave theory, $HBAR may be entering Wave 3—typically the strongest and longest phase in the bullish pattern.
Fibonacci Support: The price range is aligning well with Fibonacci retracement levels, reinforcing the bullish outlook.
📊 Price Action Update
Current Price: As of now, HBAR is testing the $0.255 level.
Resistance Zone: Eyes are on $0.273—a short-term hurdle that, if broken, could trigger momentum toward the $0.31–$0.397 range.
Market Sentiment: Although broader altcoin sentiment remains cautious, HBAR's chart structure is drawing increased interest from swing traders.
📌 What's Next?
A successful breakout above $0.273 could open the door to price targets of $0.31 to $0.397.
Failure to sustain above $0.255 may suggest further consolidation before another push higher.
With a promising Elliott Wave structure, strong Fibonacci backing, and attention returning to high-utility altcoins, Hedera Hashgraph could be preparing for a breakout phase. Traders are watching closely—this could be one of the stronger technical plays in the current altcoin landscape.
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