The price target for HBAR is $0.399, as the wave pattern and volume are expected to break through.
The wave structure of HBAR shows price symmetry, with targets set at $0.2441 and $0.399. Trend compression is at $0.170, as bullish pressure from the breakout is strengthening. The Elliott and Fibonacci models align with HBAR's price rising to key resistance areas.
The technical formation of Hedera (HBAR) is supported by the symmetry of Elliott waves and bullish momentum indicators. Analysts point out that the stock has exhibited past wave cycles and is forming a sustained bullish compression pattern on the weekly chart.
Based on bullish forecasts, Fibonacci extension sets the next wave target for HBAR at $0.2441. $0.035 is marked as the cycle bottom, initiating the bullish recovery phase. Price action clearly overlaps with impulse wave structures and historical market patterns.
The price of HBAR has tested the lower limit multiple times, selling pressure has decreased, and it has issued a re-accumulation signal consistent with previous bullish reversals. Currently, multiple technical levels have converged near the breakout area. The next targets are $0.24, $0.263, and $0.320, with a breakout upper limit at $0.399. The ultimate upside potential will be based on Fibonacci extension lines, pointing to $0.631. Market momentum favors continuous price increases.
