Hedera HBAR Looking To Break Above $0.4 in wave ((5))

Elliottwave_Forecast
01-08 07:44

Hedera is a decentralized, open-source, proof-of-stake public ledger and HBAR is the native cryptocurrency of the platform, used for processing and securing transactions on the network.

HBAR daily chart is showing an impulsive 3 waves structure up from 2023, moreover, the recent rally in wave ((3)) was the strongest achieving +830%. Then It did pullback in 3 waves within wave ((4)) so the daily cycle is looking for another rally in wave ((5)). Consequently, the coin will remain supported above recent December 2024 low $0.23 and it will continue the rally to break above the previous peak $0.39.

In conclusion, HBAR daily cycle remains bullish and the current move to the upside will aim for the target area at $0.43 – $0.49 before another 3 waves pullback takes place.

HBAR Daily Chart 1.5.2025

HBAR Hedera 1.7.2025

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Comments

  • wubbie
    01-08 10:36
    wubbie
    Bullish momentum
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