Hedera (HBAR) price trades near $0.21, showing short-term weakness while analysts outline a long-term bullish setup. Current charts highlight strong support zones around $0.20–$0.15, where accumulation could spark the next rally.
Analysts see a potential breakout above $1.80 if the token holds key levels and regains upward momentum.
Analyst Charts Point to Long-Term Bullish Structure
According to analyst ChartNerd, Hedera is forming a long-term setup that could favor an upward breakout. The token trades inside an ascending channel that has guided price action since 2020. Current levels near $0.21 remain close to the lower boundary of this channel, which is offering strong structural support around $0.20.
HBARUSD Chart | Source:x
ChartNerd’s analysis suggests a new five-wave cycle may be emerging. The projected path indicates potential price milestones around $0.38 and $0.95 before a possible climb beyond $1.80. The pattern is compared to early 2021, when similar consolidation preceded a surge to its all-time high of $0.58. Maintaining this ascending channel and achieving a confirmed higher low are viewed as key technical developments for this outlook.
Short-Term Pullback May Offer Accumulation Opportunity
WSB Trader Rocko shares a perspective that near-term price weakness might not disrupt a longer-term bullish view. The analyst notes that Hedera could revisit lower levels before resuming an upward move, identifying $0.15 as an attractive accumulation area for those focused on extended investment horizons.
HBARUSDT Chart | Source:x
Rocko’s three-day chart shows the asset trading near $0.21 with additional support levels marked around $0.18 and $0.15. These zones are labeled with “bullish above” indicators, which suggest areas where buying momentum could build if prices stabilize. A sustained defense of the $0.15 region could set the foundation for a strong recovery in the months ahead.
Current Market Performance and Key Levels
Hedera is trading near $0.21 after dropping almost 6% in the past 24 hours. Intraday data shows an early advance toward $0.214, followed by steady selling that pressed the price down to approximately $0.206. Trading volumes have eased, signaling reduced buyer activity as the price retraced from its daily peak.
HBARUSD 24-Hr Chart | Source: BraveNewCoin
Immediate support is forming between $0.206 and $0.208, where price action has repeatedly paused before modest rebounds. If this range holds, the token could attempt to retest $0.21 and reclaim lost ground. However, failure to maintain these levels could expose the next lower support around $0.20, an area traders are monitoring closely as a possible pivot point.
Broader Outlook with Wave Pattern and Channel Support
Technical readings continue to center on the long-term ascending channel that has shaped its price movement since 2020. ChartNerd’s wave count indicates that Hedera may be at the start of a fresh impulsive phase. The channel’s lower trendline remains crucial for sustaining this scenario, providing the structural base needed for further advances.
Therefore, a breakout above the $0.22–$0.25 resistance zone could serve as early confirmation of renewed bullish momentum. If the projected wave structure unfolds, it could progress toward intermediate targets of $0.38 and $0.95, eventually aiming for the $1.80 level outlined by the analyst. Market capitalization currently stands at approximately $8.8 billion with a daily volume of about $326 million, reinforcing the token’s position within the broader digital asset market.
